EarningsQ2 2026 Earnings Report
MX:TE Q2 2026 EPS Results
Actual EPS-$2.69
Consensus EPS-$1.92
Beat/MissMissed by -$0.78
One Year Ago EPS-$3.45
MX:TE Q2 2026 Revenue Results
Actual Revenue$4.32B
Expected Revenue$3.57B
Beat/MissBeat by +$749.60M
YoY Revenue Growth+88.40%
Earnings Announcement Details
QuarterQ2 2026
Date08/12/2026
TimeBefore Open
Conference CallWednesday, August 12, 2026
MX:TE Upcoming Earnings
T1 Energy's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:TE Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented meaningful operational and strategic progress: strong Q2 module production (935 MW), a 300 bps gross margin improvement, significant commercial validation (641 MW Clearway offtake plus 900 MW Treaty Oak and ~3 GW contract coverage for 2026), steady G2_Austin construction with first cell production expected Q1 2027, and accretive IP and business acquisitions (TOPCon IP and KORE/T1 NRI). At the same time, the company faces nontrivial near-term challenges including dependence on a $24M one-time tariff refund in Q2 adjusted EBITDA, increased SG&A/legal costs, a modest cash balance ($149M) versus remaining Phase 1 CapEx ($200M–$250M), and delays/uncertainty around the comprehensive financing solution and Section 232 implementation mechanics. Overall, the company has clear execution momentum and market validation but still must close financing and manage short-term liquidity and legal/implementation risks.Company Guidance
Strong Q2 Production
Produced 935 MW of solar modules in Q2 2026 (second-highest quarterly production for G1_Dallas); production volumes increased sequentially each month in the quarter.
Improved Gross Margin
Reported gross margin of 19.5% in Q2, a roughly 300 basis point improvement versus Q1 2026, driven by higher throughput and favorable mix of fixed-margin and cost-plus offtake contracts.
Revenue Visibility and Contract Coverage
Maintains roughly 3.0 GW of contract coverage for 2026 and secured a new 641 MW strategic offtake with Clearway Energy (augmenting an existing 900 MW Treaty Oak contract); company expects full-year 2026 production and sales to fall near the high end of guidance (3.1–4.2 GW).
G2_Austin Construction Progress and Timeline
G2_Austin Phase 1 (2.1 GW) construction advancing: building ready for MEP installation, steel topping out scheduled for August, clean room installation to commence in Q3, production line equipment in U.S. ports or on the water, and first cell production expected in Q1 2027.
Strategic IP Acquisition (TOPCon)
Acquired foundational TOPCon intellectual property from Evervolt Green Energy; transaction is NPV positive vs prior licensing, eliminates projected licensing fees, and creates potential licensing/revenue opportunities and competitive differentiation as U.S.-owned core IP.
T1 NRI (KORE Power) Acquisition
Closed acquisition of KORE Power and rebranded as T1 NRI — a capital-light, high-margin business in BESS and data center support with 50-year heritage, adding engineering talent and cross-selling opportunities.
Capital Markets Support — Bridge Financing
Raised $120 million via a private placement of convertible notes (closed in August) as bridge financing to keep G2 construction on schedule while pursuing a comprehensive financing solution with a significant debt component.
One-Time IEEPA Tariff Refund Benefit
Received a nonrecurring IEEPA tariff refund of $24 million subsequent to the quarter end, which was included in Q2 adjusted EBITDA reporting.
Operational Targets and Long-Term Run Rates
Reiterated Phase 1 run-rate target of $375M–$450M and an expected matched 5 GW run-rate target of $650M–$700M, indicating the earnings/cash flow uplift potential once G2 is online and volumes are matched.
MX:TE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed