SINGULUS reported a 36% increase in 9M 2026 revenue to €60.4 million and returned to positive EBIT
Its orders nearly doubled year-on-year to €60.3 million, while the backlog stood at €47.1 million
The company secured an order worth more than €60 million to supply a turnkey HJT solar cell production line to SpaceX
German equipment manufacturer SINGULUS Technologies reported a 36% revenue increase and returned to positive EBIT in the first nine months of 2026. The improved financial performance coincides with a major SpaceX order worth more than €60 million for heterojunction (HJT) solar cell manufacturing equipment.
SINGULUS reported revenue of €60.4 million for the reporting period, up from €44.3 million in the same period last year. Its EBIT reached €1.2 million, compared with a loss of €2.5 million in 9M 2025. Its gross margin for the period improved from 32.5% to 35.4%.
Despite the improvement in 9M results, SINGULUS continued to report an operating loss in Q3 2026. Its revenue during the quarter improved to €15.1 million from €13 million in Q3 2025, while EBIT was a loss of €1.4 million against a loss of €1.2 million a year earlier.
As of September 30, 2026, the company’s order backlog stood at €47.1 million, after repaying project advances and terminating existing deliveries to China’s Triumph Science and Technology Group. In total, orders totaling €15.3 million were written off.
Nevertheless, its order intake nearly doubled from the €30.9 million reported a year earlier to €60.3 million in 9M 2026. This includes €22.4 million secured within Q3 2026.
Even as the company signed its latest order worth over €60 million from SpaceX on November 11, 2026, the strategic partnership began in March 2026, when SpaceX provided the German company with significant funding. SpaceX also provided a subordinated secured loan of approximately €22.75 million to SINGULUS in October 2026, helping the latter repay all its outstanding liabilities to Triumph.
Following this, SINGULUS said its CEO for over 16 years, Markus Ehret, will leave the company.
SINGULUS will now work on the SpaceX order to supply the Elon Musk-led company with a turnkey production line to manufacture HJT solar cells. The initial production line is scheduled for delivery in H1 2027. The production will scale up to more than 100 GW of manufacturing capacity (see SINGULUS Secures SpaceX Contract For HJT Solar Equipment).
SpaceX Senior Vice President of Starlink Mike Nicolls had said that the collaboration with SINGULUS would support solar cell production for its Starmind satellites in Bastrop, Texas.
At the World Economic Forum earlier this year, SpaceX Co-Founder Elon Musk announced that SpaceX and Tesla are separately working to build 100 GW/year of solar PV manufacturing capacity in the US within the next three years. SpaceX targets up to 1 million solar-powered AI satellites (see Elon Musk Says SpaceX, Tesla Eye 100 GW/Year US Solar Manufacturing).
Solar technology for space applications will also be discussed at the TaiyangNews High-Efficiency Solar Technologies Conference 2026. Following the first session on November 11, the conference will continue on November 20 and 25. The final day, November 25, will focus on Space PV, covering developments in solar cell technologies for use in space. Registration is free here.