FTC Solar Lowers 2026 Revenue Growth Target to 25% From 40%

FTC Solar, Inc. (NASDAQ: FTCI) expects revenue growth of 25% for 2026, below its previous 40% target, while planning measures to expand liquidity as volume rises.

The new growth estimate is 15 percentage points below the earlier target. The company provided no specific full-year 2027 revenue guidance.

FTC Solar sells tracker hardware, software and engineering services for solar projects. Its third-quarter revenue was $32.813 million, up 25.4% from the second quarter. The company’s third-quarter results and going-concern warning provide context for its latest outlook.

The fourth-quarter revenue forecast is $44 million to $52 million, putting the midpoint at $48 million, about 46% above the third-quarter result. The company forecasts adjusted EBITDA, a non-GAAP measure, from a $3.9 million loss to break-even.

CEO Anthony Carroll said the company sees a path to EBITDA profitability in the first quarter of 2027. FTC Solar aims to bolster liquidity as business volume grows by exploring financing options and improving its contracts and payment terms with customers and vendors.