FTC Solar Q1 revenue falls 17%, misses analyst estimates

FTC Solar

05/05/2026 11:39

Overview

U.S. solar tracker provider's Q1 revenue fell 17% yr/yr, missing analyst expectations

Adjusted EPS for Q1 missed analyst expectations

Company appointed Anthony Carroll as CEO, succeeding Yann Brandt

Outlook

Company expects Q2 2026 revenue of $22 mln to $26 mln

FTC Solar expects sequential quarterly revenue growth for the remainder of 2026

Company projects 2026 full-year revenue growth of about 40% over 2025

Result Drivers

REVENUE DECLINE - Co did not provide specific reasons for Q1 revenue and margin declines

Company press release: ID:nGNX3SQWTK

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$17.27 mln
$24.26 mln (4 Analysts)
Q1 Adjusted EPS
Miss
-$0.67
-$0.34 (3 Analysts)
Q1 Adjusted Net Income
-$10.46 mln
Q1 Adjusted Gross Margin
-2.20%
Q1 Adjusted Income From Operations
-$8.22 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)