| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 177.65 | 174.8% |
| Total Income | 177.65 | 174.8% |
| Expenditure | 200.15 | 126.8% |
| PBT | 3.68 | 155.3% |
| Net Profit | -20.42 | 25.7% |
| OPM | -12.67% | 23.86pp |
| NPM | -11.49% | 13.63pp |
| EPS | -0.08 | 27.3% |
T1 Energy Reports Q1 2026 Net Income from Continuing Operations of $3.9M
12 May 2026 · 12 May, 4:01 pm
Summary
T1 Energy Inc. reported financial and operating results for the first quarter of 2026. The company achieved record quarterly net income from continuing operations of $3.9 million and record quarterly Adjusted EBITDA of $9.1 million. Construction of the G2_Austin solar cell fab is progressing on schedule. T1 is pursuing a comprehensive financing solution for G2_Austin in Q2 2026. The company is maintaining its 2026 production guidance of 3.1 – 4.2 GW from G1_Dallas.
Key Highlights
- 1
T1 Energy achieved a record quarterly Net Income from Continuing Operations of $3.9 million in Q1 2026.
- 2
The company also reported a record quarterly Adjusted EBITDA of $9.1 million in Q1 2026.
- 3
Construction is proceeding on schedule at G2_Austin, with the timeline for completion unchanged.
- 4
T1 is targeting a comprehensive financing solution in Q2 2026, including a significant debt component, to fund the remaining capital spending for Phase 1 of G2_Austin.
- 5
G1_Dallas produced 638.3 MW of solar modules in Q1 2026.
- 6
T1 generated total net sales of $177.6 million in Q1 2026, compared to $53.4 million in Q1 2025.
Management Comments
Dan Barcelo
“Our team made excellent progress during the first quarter to advance our top priorities: operate profitably at G1_Dallas, fund and build G2_Austin, and establish T1 as an integrated, homegrown U.S. solar and storage powerhouse supporting domestic energy and hyperscaler development” “As we look ahead, we are focused on hitting key construction milestones, targeting a comprehensive financing package for G2_Austin in the second quarter, building our offtake coverage through our developer customer base, and driving profitability as T1 grows.”
Informational and educational content only. Not investment advice.