Key Takeaways
- T1 Energy posted second-quarter 2026 net sales of $250.1 million alongside a net loss from continuing operations of $36.9 million, or $0.14 per share.
- Adjusted EBITDA came in at $10.7 million for the quarter, lifting six-month 2026 adjusted EBITDA to $19.8 million on net sales of $427.8 million.
- The company’s G1_Dallas plant turned out 935 MW of solar modules during the quarter, while the G2_Austin solar cell facility stays on schedule for first production in the first quarter of 2027.
- T1 Energy finalized its acquisition of KORE Power in July 2026, rolling out the T1 NRI brand for energy storage and AI data center markets, and separately picked up TOPCon solar patents from Evervolt for $135 million.
- As of June 30, 2026, the company held $79.1 million in unrestricted cash and anticipates full-year 2026 module production landing toward the top of its 3.1 GW to 4.2 GW guidance range.
T1 Energy Reports $250 Million in Second-Quarter Revenue
T1 Energy Inc. (NYSE: TE), the Austin, Texas-based solar module manufacturer previously known as Talon PV, released second-quarter 2026 financial results on August 12, 2026. The company reported total net sales of $250.1 million for the quarter, along with a net loss from continuing operations of $36.9 million, or $0.14 per share. Adjusted EBITDA landed at $10.7 million.
Across the first six months of 2026, the company logged net sales of $427.8 million and a net loss from continuing operations of $33.0 million, with adjusted EBITDA of $19.8 million. As of June 30, 2026, the company held $79.1 million in unrestricted cash and equivalents, total assets of $1.64 billion and stockholders’ equity of $201.8 million.
Chairman and CEO Dan Barcelo linked the quarter’s results to the company’s continuing manufacturing expansion.
“We made significant advances during and since the second quarter to strengthen T1’s long-term competitive position while we fund and execute our domestic vertical integration strategy,” said Dan Barcelo, Chairman and CEO at T1 Energy.
T1 Energy Advances Austin Solar Cell Facility
During the quarter, the company’s G1_Dallas module plant produced 935 MW of solar modules. Meanwhile, construction moved forward at the G2_Austin solar cell facility, a planned 2.1-gigawatt Phase 1 project carrying a capital expenditure projection of $510 million, including a 20% contingency. The building is now ready for mechanical, electrical and plumbing installation, and production line equipment is arriving at U.S. ports ahead of first solar cell output expected in the first quarter of 2027.
Production Guidance and Recent Deals
The company closed its acquisition of KORE Power in July 2026, creating the T1 NRI brand to serve the energy storage and AI data center power markets. It also picked up advanced TOPCon solar patents from Evervolt for $135 million. These moves follow an earlier supply agreement with Clearway Energy for 641 MW of solar modules built using domestically produced cells from G2_Austin.
The company said it expects full-year 2026 production to land toward the higher end of its previously issued 3.1 GW to 4.2 GW range, with third- and fourth-quarter production rates projected to exceed second-quarter levels.
