TOYO Co., Ltd. Provides Second Half 2026 Business Outlook

TOYO plans further market updates as it gains visibility into U.S. policy and regulatory matters.

Rhea-AI Summary

TOYO (TOYO) expects positive EBITDA for the second half of 2026 but is not providing specific financial guidance. EBITDA means earnings before interest, taxes, depreciation and amortization. TOYO is not giving quarterly guidance or specific forecasts for revenue, net income or other financial measures.

TOYO cites uncertainty about its second-half results amid U.S. trade and regulatory developments. These include a pending U.S. Customs and Border Protection examination of solar-cell shipments, countervailing-duty investigation activity, and the status of a Section 232 action addressing imports of polysilicon and downstream solar products.

Positive

• Expects positive EBITDA for the second half of 2026

Negative

• None.

Key Terms

countervailing duty, section 232 program, ebitda

3 terms

countervailing duty regulatory

"countervailing duty ("CVD") investigation activity"

A countervailing duty is a tariff a government places on imported goods to neutralize the effect of foreign government subsidies that make those goods artificially cheap. It matters to investors because it can raise costs for importers or shield domestic producers, affecting profit margins, sales volumes and supply chains—much like a referee adding weight to balance a tipped scale, which can shift competitive advantage and stock prices.

section 232 program regulatory

"the "Section 232 program""

A Section 232 program refers to actions taken under Section 232 of the U.S. Trade Expansion Act, a government process that investigates whether imports threaten national security and can result in tariffs, quotas, or other restrictions on specific foreign goods. It matters to investors because these trade measures can change costs, markets, and supply chains for affected companies—like a sudden change in a recipe that forces a baker to find new ingredient sources or pay more for them.

ebitda financial

"confident that it will achieve positive EBITDA for the second half of 2026"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

TOKYO, Sept. 28, 2026 /PRNewswire/ -- TOYO Co., Ltd. (Nasdaq: TOYO) (OTC: TOYWF) ("TOYO" or the "Company"), a solar manufacturing company, today provided its business outlook for the second half of 2026.

The Company continues to operate in a dynamic U.S. trade and regulatory environment, including the pending U.S. Customs and Border Protection ("CBP") examination of shipments of solar cells, countervailing duty ("CVD") investigation activity, and the status of the Trump Administration's action under Section 232 of the Trade Expansion Act of 1962 addressing imports of polysilicon and downstream solar products, including provisions intended to encourage domestic manufacturing investment (the "Section 232 program"). As a result, TOYO believes there is meaningful uncertainty regarding its specific financial results for the second half of 2026, and the Company is not providing quarterly guidance or specific guidance on revenue, net income or other financial measures or metrics at this time.

Notwithstanding this uncertainty, TOYO is confident that it will achieve positive EBITDA for the second half of 2026. The Company will provide further updates to the market as greater visibility emerges on these policy and regulatory matters.

"In the second half of 2026, we remain in a relatively dynamic policy environment, and that creates meaningful uncertainty around our specific results," said Takahiko Onozuka, Chairman and Chief Executive Officer of TOYO. "That said, we are confident in positive EBITDA for the second half of the year. As we gain greater visibility on these policy matters, we will provide further updates to the market."

About TOYO Co., Ltd.

TOYO is a solar manufacturing company that is committed to becoming a vertically integrated solar manufacturer in the global market, integrating the upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells and modules at a competitive scale and cost.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company's expectations for positive EBITDA in the second half of 2026 and the timing of future updates to its outlook. These forward-looking statements involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks include, but are not limited to, the outcome and timing of the CBP examination, the CVD investigation activity, and the Section 232 program, changes in market conditions, regulatory requirements, the availability and price of the Company's shares, macroeconomic conditions, and other factors described in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's most recent Annual Report on Form 20-F. TOYO assumes no obligation to update any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.

Contact Information

For TOYO Co., Ltd.
IR@toyo-solar.com 

Crocker Coulson
Email: crocker.coulson@aumadvisors.com
Tel: (646) 652-7185

View original content:https://www.prnewswire.com/news-releases/toyo-co-ltd-provides-second-half-2026-business-outlook-302891334.html

SOURCE TOYO Co., Ltd

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is TOYO's EBITDA outlook for the second half of 2026?

TOYO expects positive EBITDA for the second half of 2026. It is not providing a specific EBITDA figure.

When will TOYO provide further updates on its 2026 outlook?

TOYO plans to provide further market updates as it gains visibility on the policy and regulatory matters affecting its outlook. It has not given a date for those updates.