SolarMax Technology Reports Q2 2026 Financial Results

Riverside, California - SolarMax Technology, Inc. (Nasdaq: SMXT), an integrated solar energy company, reported its financial results for the three and six months ended June 30, 2026.

Financial Performance Overview

For the second quarter of 2026, the company reported revenue of $10.2 million, representing a 49 percent increase compared to $6.9 million in the same period of 2025. Gross profit reached $2.4 million, up 299 percent from $605,000 in the second quarter of 2025.

Total operating expenses were $6.9 million for the quarter, which included a one-time expense of $4.3 million related to a legal judgment concerning the company's China segment. This compares with operating expenses of $2.4 million in the second quarter of 2025.

Net loss for the second quarter of 2026 was $4.7 million, or $0.98 per share, compared to a net loss of $1.9 million, or $0.50 per share, in the second quarter of 2025.

Financial Highlights

• Revenue: $10.2 million, up 49% year-over-year.
• Gross profit: $2.4 million, up 299% year-over-year.
• Total operating expense: $6.9 million, including a $4.3 million one-time legal judgment.
• Net loss: $4.7 million, or $0.98 per share.

Management highlighted that despite the impact of the legal judgment, the core business showed strong growth in revenue and gross profit. The company continues to focus on engineering, procurement, and construction projects, cost management, and expanding into large-scale energy storage and industrial EPC services.