TOYO Reports Strong First Half Financial Performance
TOYO Co., Ltd. reported first-half Non-GAAP earnings per share (EPS) of $1.20 and revenue of $261 million, representing a significant year-over-year increase of 87.6%. The company achieved gross profit of $84.7 million with a 32.5% margin during the period. Additionally, Non-GAAP EBITDA for H1 2026 reached $82.1 million, and operating cash flow totaled $61.4 million. Despite these strong non-GAAP results, TOYO's GAAP EPS of $0.45 fell short of expectations by $0.07, while revenue came in at $118.2 million—$74.37 million below forecasts. The company also highlighted a solar deal pipeline worth $240 million, suggesting potential for positive EBITDA performance in the second half. The results reflect robust operational and financial momentum from TOYO's core business activities.
Tickers: $TOYO