TOYO Non-GAAP EPS of $1.48, revenue of $427.4M beats by $28.5M

2026-03-31 06:32:44 ET

• TOYO press release ( TOYO ): FY Non-GAAP EPS of $1.48.
• Revenue of $427.4M (+142% Y/Y) beats by $28.5M, surpassing the upper end of the Company's previously updated guidance range of $375–$400 million issued in September 2025.
• Net Income: $37.2 million, which includes a one-time non-cash share-based compensation charge of approximately $13.7 million.
• Non-GAAP Adjusted Net Income: $52.2 million, 769% increase from $6 million last year.

• Outlook for full year 2026...

  • Solar cell shipments are expected to reach approximately 5.5-5.8 GW for the full year 2026, fueled by continued demand
  • Solar module shipments are expected to reach approximately 1-1.3GW for the full year 2026
  • Adjusted net income for the full year 2026 is expected to reach approximately $90-100 million

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