Earnings Releases·Nov 12, 2026, 6:37 AM ET

T1 Energy — Third Quarter 2026 Earnings Summary

Reported net loss narrowed to $41.6 million ($0.14/share) from $140.8 million ($0.87/share) in Q3 2025, though total net sales declined 6.6% to $196.6 million and Adjusted EBITDA loss widened to $16.4 million from $12.2 million.
Tightened 2026 G1_Dallas production guidance to 4.0–4.2 GW and initiated 2027 guidance of 5.3 GW, citing strong demand and a sell-out of 2027 capacity under contract with Tier 1 customers.
Completed a $50 million private placement of convertible senior notes due 2031 and secured a waiver to import 1.725 GW of solar cells to maintain G1_Dallas operations during G2_Austin construction.
Signed nearly 1.6 GW of new offtake contracts following the Section 232 proclamation, bringing total 2027 manufacturing capacity under contract to over 3.5 GW, while inventory levels rose to $335.4 million.
G2_Austin construction is advancing with Phase 1 equipment delivery and MEP installation, though comprehensive debt financing remains under negotiation with no assurance of completion or terms.