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FTC Solar — Third Quarter 2026 Earnings Summary

FTC Solar reported third-quarter 2026 revenue of $32.8 million, representing a 25.4% increase from the prior quarter and a 26.1% rise compared to the same period in 2025. The company achieved a non-GAAP gross profit of $2.8 million with an 8.4% margin, while its contracted backlog reached approximately $640 million. Recent developments include new project awards in North America, India, and Europe, such as contracts with Tata Power Solar and Evren, alongside a strategic collaboration with AGR Renewables. Looking ahead, FTC Solar projects a 46% sequential revenue growth for the fourth quarter and anticipates achieving Adjusted EBITDA profitability in the first quarter of 2027.

Company
FTC SOLAR INC
Sector
Technology
Industry
Solar