Quarterly ResultJul 28, 2026, 06:41 AM
T1 Energy Q2 Preliminary Net Sales $245M-$255M; Net Loss $34M-$37M
AI Summary
T1 Energy Inc. announced preliminary financial and operating results for the second quarter of 2026, expecting net sales of $245 million to $255 million and a net loss from continuing operations of $34 million to $37 million. The company also reported an Adjusted EBITDA range of ($14.5) million to ($11.5) million. Key business updates include the acquisition of advanced solar intellectual property rights for $135 million, the closing of the KORE Power, Inc. acquisition, and the monetization of $39.1 million in 2025 Section 45X tax credits. However, the G2_Austin project's capital expenditure guidance increased to $510 million, with first cell production now expected in Q1 2027.
Key Highlights
- Preliminary Q2 2026 Net Sales expected to be $245 million to $255 million.
- Preliminary Q2 2026 Net Loss from Continuing Operations expected to be $34 million to $37 million.
- Preliminary Q2 2026 Adjusted EBITDA expected to be ($14.5) million to ($11.5) million.
- Acquired advanced solar intellectual property rights from Evervolt for $135 million.
- Monetized 2025 Section 45X tax credits for $39.1 million.
- G2_Austin Phase 1 capital expenditure guidance increased to $510 million.
- G2_Austin first solar cell production now expected in Q1 2027.
- Cash, cash equivalents, and restricted cash totaled $156.4 million as of June 30, 2026.
Price Impact
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