Filing Flows › SolarMax Technology (SMXT) › Q2 2026
SolarMax Technology (SMXT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Oct 8, 2026
SolarMax Technology (SMXT) reported revenue of $10.2M for the second quarter 2026 (Q2 2026), +49% from a year earlier and -31% from the quarter before. Operating margin was -43.5%, net loss $4.7M (45.4% of revenue).
SolarMax Technology, Q2 2026: revenue $10.2M (+49% year over year), operating margin -43.5%, net loss $4.7M, operating cash flow −$969K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.2M | -31% | +49% |
| Operating profit | −$4.5M | -4735% | — |
| Net earnings | −$4.7M | — | — |
| Operating cash flow | −$969K | — | -539% |
What changed
Revenue was $10.2M in Q2 2026, up 49% year over year and down 31% from the previous quarter.
Gross margin was 23.6%, up 14.8 points from Q2 2025. Operating costs exceeded revenue by $4.5M, an operating margin of -43.5%. Operating expenses grew 190% against revenue growth of 49%. The fastest-growing cost line was General & admin (+11%). The quarter ended with a net loss of $4.7M, wider than the previous quarter's $307K loss.
Operating cash flow was −$1.0M. Non-cash charges added back $12K of depreciation and amortization. Working capital and other items added $3.7M.
Questions
What was SolarMax Technology's revenue in the second quarter 2026?
SolarMax Technology (SMXT) reported revenue of $10.2M for the second quarter 2026 (Q2 2026), +49% from a year earlier and -31% from the quarter before.
Was SolarMax Technology profitable in the second quarter 2026?
Operating loss was $4.5M (-43.5% of revenue) and net loss $4.7M.