TOYO Co. shares rose about 4% after the company reported first-quarter 2026 revenue of $142.8 million, a 177% increase year over year, and reaffirmed full-year guidance.

TOYO Co. shares rose about 4% after the company reported first-quarter 2026 results that beat expectations and reaffirmed its full-year outlook.

The company said revenue reached $142.8 million, up 177.0% from a year earlier. Net income rose to $28.4 million from a loss of $3.7 million in the same quarter last year. Diluted earnings per share came in at $0.75, compared with a loss of $0.10 per share in the prior-year period.

TOYO also kept its 2026 guidance unchanged. The company said it still expects solar cell shipments of 5.5 GW to 5.8 GW, module shipments of 1.0 GW to 1.3 GW, and adjusted net income of $90 million to $100 million.

The results were released on May 18 and were followed by market coverage noting the stock's roughly 4% gain after the announcement.

TOYO has scheduled a conference call to discuss the results.

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