TOYO is a solar panel maker, turning raw silicon into finished photovoltaic modules for the full supply chain, like a one-stop kitchen from flour to baked bread.
Money comes from selling solar PV modules and upstream components, with TTM gross margin at 28.76% and net margin at 14.93%; revenue hit USD 0.43B in 2025, up from USD 0.18B the year prior.
Could be squeezed by larger, lower-cost giants like Longi Green Energy and JA Solar, who dominate with scale; TOYO's young scale offers no clear durable edge, so rivals can compete head-on on price.
Key events, in time order
H1 revenue, profit and cash flow grew, but Q2 missed estimates amid trade policy uncertainty
SA cites Q1 net income $28.4M, 33.5% GM, 177% YoY revenue growth
Company expands U.S. solar manufacturing footprint and aligns supply chain to meet U.S. requirements for non-China and non-FEOC sourcing
Company shares insights on AI scaling, data center expansion, and industry innovations via webinar
Company raises $50M via registered direct offering to expand solar cell capacity
Ramp of 4GW Ethiopian cell facility and Houston module plant drives exceptionally strong quarter.
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TOYO reported strong year-over-year earnings but a sequential decline, with a price drop attributed to uncertainty over polysilicon policy. The company delivered significant solar cell and module volumes.
Main discussion
Different voices
$TOYO (-13.6% pre) TOYO Co earnings missed by $0.24, revenue fell short of estimates https://ooc.bz/l/111616
$TOYO Earnings are blow out. Incredible results for H1 2026. All this without 45X - 2.6 GW of Solar cells delivered - ~200MW of US modules - 82M of GAAP EBITDA But its down because there is uncertainty now due to the Polysilicon policy. This statement from the management is causi
$TOYO Q2 2026 earnings: Strong YoY Numbers Mask Sequential Decline and Looming Policy Shock TOYO delivered optically fantastic year-over-year Q2 results—revenue jumped 35% to $118.2M and net income nearly tripled to $17.4M. However, looking sequentially reveals a decelerating bus
#earnings after the close on Tuesday, August 18, 2026, and before the open on Wednesday, August 19, 2026 https://www.earningswhispers.com/calendar $ADI $TGT $KEYS $TJX $LOW $ZTO $EL $JKHY $WB $YMM $ZIM $VIK $LZB $SQM $TOL $AUNA $MRCY $OPRA $DVLT $KC $TOYO $MRT $AAPG $ANTA https:/
$TOYO I spoke to the thoughtful management and IR and analyzed the stock before earnings. Summarized my thoughts with delightful insights. Go have a read. I also wrote down how I am playing it exactly https://t.co/2mrEm3YgpM
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