FTC Solar Q4 revenue slightly beats estimates, driven by strong product lineup

FTC Solar

05/03/2026 12:58

Overview

Solar tracker provider's Q4 revenue rose 149% y/y, slightly beating analyst expectations

Adjusted loss per share for Q4 beat analyst expectations

Company secured 1GW supply agreement in U.S. and 840MW in South Africa

Outlook

FTC Solar expects Q1 2026 revenue to increase 8% y/y

Company anticipates Q1 significant improvements in gross margin and Adjusted EBITDA

Result Drivers

REVENUE GROWTH - Q4 revenue increased 26% q/q and 149% y/y, driven by strong product lineup

GROSS MARGIN IMPROVEMENT - Gross margin improved by 1,500 basis points q/q and 4,900 points y/y, reaching historical highs

Company press release: ID:nGNX6qqz8Q

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$32.86 mln
$32.60 mln (4 Analysts)
Q4 Adjusted EPS
Beat
-$0.17
-$0.22 (3 Analysts)
Q4 Adjusted Net Income
-$2.54 mln
Q4 Adjusted Gross Margin
23.40%
Q4 Adjusted Income From Operations
-$267,000


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for FTC Solar Inc is $13.75, about 85.4% above its March 4 closing price of $7.42

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)