US tracker manufacturer FTC Solar has registered revenues of US$32.8 million in Q3 2026, up both sequentially (25.4%) and year-on-year (26.1%).
This figure is also the company’s highest Q3 revenue in the past five years, as shown in the chart below.
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According to its CEO, Anthony Carroll, FTC Solar expects “continued significant growth” in Q4 2026 with a path to adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) profitability in Q1 next year. In Q3 2026, the tracker manufacturer registered a US$5.2 million loss in its non-GAAP adjusted EBITDA and for the last quarter of 2026 it forecasts between a US$3.9 million loss and no loss at all.
“With significant new awards and growing momentum across North America, India, Australia, and Europe and with AI and robotics enhancing our current and future productivity, we’re well positioned for a strong 2027,” said Carroll.
The “new awards” Carroll mentioned include two supply agreements in the US, including a deal to supply a 750MW project set to begin construction in 2027 and an agreement for a 175MW project with a new customer. FTC did not name either company involved in these deals.
The company added that it is working alongside engineering, procurement, and construction (EPC) contractor Linxon and private equity firm Energy Transition Capital to advance a 600MW solar PV portfolio in Puerto Rico.
Outside of the US, FTC Solar has also recently secured supply agreements in India with Tata Power Solar, a subsidiary of Indian conglomerate Tata Power, and Evren, an Indian renewable development platform backed by Brookfield. In Europe, FTC Solar secured a new collaboration and Master Supply Agreement with developer AGR Renewables with an initial target of 500MW in the UK through 2028.
Finally, in Australia, the US tracker manufacturer started shipping its solar trackers to a 330MW solar-plus-storage project in Queensland, while earlier this week it signed a memorandum of understanding (MoU) with four steel companies. The agreement aims to develop a local supply chain of steel products and structural components for utility-scale PV plants.
