Key Highlights

  • A consensus EPS estimate of 0.31 sits ahead of the third quarter 2026 report, set beside diluted EPS of USD 0.45 for the quarter that ended June 30, 2026.
  • Second quarter 2026 Revenue reached USD 118.2 million, up from USD 87.6 million a year earlier, while gross Margin widened to 31.3% from 20.9%.
  • Cash and cash equivalents totalled USD 103.5 million as of June 30, 2026, compared with USD 51.6 million at December 31, 2025, following a USD 50.0 million registered direct offering.
  • The Humble, Texas campus is targeted to hold about 2 GW of module capacity once its second 1 GW line begins production, which was expected in September 2026.

Earnings Date and EPS Bar Set for TOYO Co., Ltd. (NASDAQ:TOYO)

TOYO Co., Ltd. (NASDAQ:TOYO) will publish its third quarter 2026 figures on November 16, 2026, and the Business makes solar modules. The June quarter came in at USD 0.45 diluted and USD 0.46 basic per share, compared with the consensus estimate of 0.31 for the third quarter. In the year-earlier quarter EPS was USD 0.16, and second quarter Net Income reached USD 17.4 million, up from USD 6.2 million, on revenue of USD 118.2 million.

Second Quarter Momentum and Management Tone at TOYO Co., Ltd. (NASDAQ:TOYO)

TOYO Co., Ltd. (NASDAQ:TOYO) lifted Gross Profit to USD 37.0 million from USD 18.3 million, and Operating Income climbed to USD 22.6 million from USD 10.9 million. Across the first half, revenue totalled USD 261.0 million against USD 139.1 million, net income reached USD 45.8 million against USD 2.5 million a year before, and adjusted EBITDA stood at USD 82.3 million. No numeric guidance was issued, though Chief Executive Officer Takahiko Onozuka expects a second-half effect from recent policy changes of uncertain size. Solar producer TOYO Co., Ltd. (NASDAQ:TOYO) has Section 232 framework talks under way with the Department of Commerce.

Balance Sheet Capacity, Capex Plans and Risks for TOYO Co., Ltd. (NASDAQ:TOYO)

Balance sheet totals at TOYO Co., Ltd. (NASDAQ:TOYO) show total Assets of USD 537.6 million, liabilities of USD 327.8 million and shareholders' Equity of USD 209.8 million as of June 30, 2026. Cash plus restricted balances totalled USD 123.4 million, while short-term bank loans stood at USD 25.7 million and a non-current related party balance reached USD 51.4 million. The share count grew to 42,718,948, up from 36,712,040 at the close of 2025. First half Operating Cash Flow of USD 61.4 million compared with USD 27.8 million of capital expenditure, while a 1.5 GW heterojunction cell line costing USD 357 million is aimed at pilot output by the first quarter of 2028 at the latest, as TOYO Co., Ltd. (NASDAQ:TOYO) continues the build-out. Trade policy and execution on that expansion are the main risks.

Where Things Stand

Heading into the November 16, 2026 release, TOYO Co., Ltd. (NASDAQ:TOYO) has a first half that delivered USD 261.0 million of revenue, up from USD 139.1 million, plus USD 45.8 million of net income. The consensus EPS figure of 0.31 is set against diluted EPS of USD 0.45 for the June quarter, so the key question is whether gross margin can hold close to the 31.3% booked in the June quarter. The company has pointed to a second-half policy effect of uncertain size, and cash of USD 103.5 million plus a second 1 GW line in Humble, Texas, which should take the site to about 2 GW, form the operating base. Chief Financial Officer Yasunari Harada started in the role on July 1, 2026.