TOYO Co., Ltd. reports significant H1 2026 profit and revenue growth

TOYO Co., Ltd. reported significant growth for the first half of 2026, with revenue reaching $261 million, an 87.6% increase compared to the same period in the previous year. This growth was driven by higher shipments of solar cells and modules.

Sales to customers in the United States accounted for approximately 80.7% of the total H1 revenue, totaling $210.5 million. The company’s newly operational solar module facility in Texas contributed $31.7 million to Q2 2026 revenue. Net income for the first half of the year rose to $45.8 million, up from $2.5 million in H1 2025. TOYO noted that while production efficiency and capacity have improved, the company is monitoring potential impacts from Section 232 policy changes on its second-half business.