SolarMax Technology Reports Second Quarter 2026 Financial Results

$SMXTPress releaseOct 8, 2026, 4:52 PM ETRead the release

SolarMax Technology reported Q2 2026 revenue of $10.2 million, up 49% from $6.9 million a year earlier, with gross profit up 299% to $2.4 million. The company posted a net loss of $4.7 million, or $0.98 per share, versus a $1.9 million loss last year, driven by a one-time $4.3 million legal judgment expense tied to its China segment.

Key figures

Revenue: 10200000
Revenue Yoy: 49%
Net loss: 4700000
Gross profit: 2400000
Total operating expense: 6900000
One time legal judgment expense: 4300000

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