• FTC Solar posted first-quarter revenue of $17.3 million, down 47.5% from prior quarter and down 17% year over year.
• Net income swung to $32.6 million from a net loss year over year, while operating loss widened to $12.1 million.
• GAAP gross margin deteriorated to negative 7.1% from negative 16.6% a year earlier, while contracted backlog stood at about $543 million.
• Board member Anthony Carroll was appointed president and CEO effective April 29, replacing Yann Brandt.
• Second-quarter revenue guidance set at $22 million-$26 million; full-year revenue expected to rise about 40% versus 2025, with sequential quarterly growth expected after first-quarter low.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FTC Solar Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-204973), on May 05, 2026, and is solely responsible for the information contained therein.