FTC Solar (FTCI)
NASDAQ:FTCI
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.47Last Year’s EPS
-0.3Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents strong commercial and operational momentum — double-digit sequential and triple-digit year-over-year revenue growth, materially improved gross margins, near-breakeven adjusted EBITDA, sizeable MSAs/backlog additions, and expanded relationships with top EPCs. Near-term challenges include GAAP losses driven by warrant accounting, a technical credit covenant issue, tariff/regulatory headwinds, and Q1 2026 guidance that implies continued operating losses and seasonality. On balance, the positives around growth, margin improvement, bookings momentum, and product differentiation outweigh the near-term financial and timing risks, supporting a constructive outlook for 2026 if MSAs convert as expected.Company Guidance
Strong Q4 Revenue Growth
Q4 revenue of $32.9M, above guidance midpoint, up 26% sequential and up 149% year-over-year; highest quarterly revenue since 2023.
Rapid Full-Year Revenue Expansion
Fiscal 2025 revenue of $99.7M, a 111% increase versus 2024, driven by higher product and logistics volume.
Best Gross Margin and Adjusted EBITDA Performance as a Public Company
Q4 non-GAAP gross profit of $7.7M (23.4% of revenue) — one of the highest levels in company history; Q4 adjusted EBITDA nearly breakeven at a $0.3M loss (best result in six years), materially improved from prior-quarter adjusted EBITDA loss of $4.0M and year-ago loss of $9.8M.
Backlog and Bookings Momentum
Contracted backlog at $491M, with $61M added since November 12 (roughly $29M net of Q4 revenue); positive book-to-bill and improving net bookings for three consecutive quarters.
Large MSAs and Supply Agreements
Added over 9 GW of MSAs in 2025; announced a new 3-year, 1 GW U.S. supply agreement (1P & 2P trackers + SunPath software) and an ~840 MW multiyear MSA with Lubanzi (South Africa) with first project expected midyear 2026.
Commercial Traction with Top EPCs
Added to approved vendor lists of four of the top 10 EPCs in Q4, bringing total to eight of the top 10; received bookings from two leading EPCs in Q4, increasing visibility and pipeline.
Productivity and Constructability Advantages
CEO highlighted independent-row 1P tracker platform with claimed installation efficiency of 0.053 labor hours/module and target to further reduce labor by ~20%, positioning the product as lower total installed cost and faster to install.
Cost Efficiency and Balance Sheet Actions
Non-GAAP operating expenses for FY2025 down to $29.4M from $35.5M (an 11% reduction) while revenue more than doubled; management completed strategic financing and added cash and talent (including sales hires) and acquired Alpha Steel to strengthen supply chain.
FTCI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FTCI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 05, 2026 | $7.42 | $5.41 | -27.11% |
Nov 12, 2025 | $7.44 | $11.10 | +49.19% |
Aug 05, 2025 | $6.61 | $5.39 | -18.46% |
May 01, 2025 | $3.19 | $3.32 | +4.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does FTC Solar (FTCI) report earnings?
FTC Solar (FTCI) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is FTC Solar (FTCI) earnings time?
FTC Solar (FTCI) earnings time is at May 07, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTCI EPS forecast?
FTCI EPS forecast for the fiscal quarter 2026 (Q1) is -0.47.