$TOYO

TOYO Co. (NASDAQ:TOYO) shares fell 12.41% after reporting Q2 earnings of $0.45 per share, missing estimates by $0.24, and revenue of $118.2M, below the $204.6M forecast. Despite a 35% YoY revenue increase, driven by its Texas facility, the miss led to the decline. H1 2026 revenue rose 87.6% YoY to $261M, with U.S. customers contributing 80.7% of sales. The company raised $52.6M in equity offerings, ending with $123.4M in cash. Management warned of policy-related uncertainty in H2.

TOYO reported Q2 2026 revenue of $118.2M, up 35% YoY, with net income of $17.4M. H1 2026 revenue grew 87.6% to $261.0M, driven by solar products and OEM services. Gross margin expanded to 32.5%. The company expects U.S. trade policy to support solar pricing and is investing $357M in a Texas HJT solar cell facility.

TOYO Co., Ltd (TOYO) furnished an SEC Form 6-K — earnings release. Exhibit 99.4 TOYO Co., Ltd Announces Unaudited Second Quarter and First Half 2026 Financial Results TOKYO, Japan, August 19, 2026 – TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF) (“TOYO,” “we” or the “Company”), a solar solution company, today announced its unaudited financial results

TOYO Co., Ltd reported strong financial results for Q2 and H1 2026, with revenues up 87.6% YoY to $261.0M and net income up 1,731.6% YoY to $45.8M. The company delivered 2.6 GW of solar cells and 191.5 MW of solar modules, and raised $52.6M in net proceeds. TOYO is expanding its solar manufacturing capacity in Texas and expects to qualify for Section 45X tax credits.

TOYO Co., Ltd. (NASDAQ:TOYO) shares fell 7.2% to about $15.05 on Friday, after closing at $16.21. Trading volume was 159% above average. Analysts cited include a $15.00 target from Roth Mkm and a $16.50 consensus target (MarketBeat). In May 18 earnings, TOYO reported EPS of $0.75 vs $0.72 expected, but revenue of $142.77M vs $202.90M.