T1 Energy Reports Q2 2026 Earnings and Provides Guidance on Expansion
T1 Energy (TE) reported second-quarter results with revenue of $250.1 million, driven by the production and sale of solar modules from its G1_Dallas facility. The company recorded an adjusted EBITDA of $10.7 million, which included a nonrecurring tariff refund. Despite this, T1 posted a net loss of $44.5 million due to elevated SG&A expenses linked to construction and financing activities. The firm highlighted sequential growth in production at G1_Dallas, reaching 935 megawatts during the quarter, with gross margins improving by 300 basis points year-over-year. T1 also outlined plans for its upcoming G2_Austin facility, including a $510 million capital expenditure budget and an expected start of cell production in Q1 2027 after equipment installation late this year.
Tickers: $TE
Topics: adjusted_ebitda capital_expenditures cash_position convertible_notes ip_acquisition net_loss production_volume revenue