---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-004679"
form_type: "8-K"
ticker: "TPICQ"
cik: "0001455684"
company_name: "TPI COMPOSITES, INC"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:17:18.884634+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TPI Composites warns of Q2 net loss $78-83M, cuts FY 2023 revenue guidance to $1.525-1.575B

## Summary
- Preliminary Q2 2023 net sales ~$380M; net loss $78-83M; adjusted EBITDA loss $36-41M.
- Records $30-35M warranty charge from single campaign with a current customer for blade quality issues.
- Full-year 2023 revenue guidance reduced from $1.6-1.7B to $1.525-1.575B; adjusted EBITDA margin now < (1%) loss.
- Utilization rate lowered to 80-85% from 85-90% due to inspection delays and reduced customer demand.
- Hires Neil Jones as Chief Quality Officer effective August 1; ends Q2 with ~$170M cash.

## SEC filing metadata
- accession: 0001171843-23-004679
- form_type: 8-K
- ticker: TPICQ
- cik: 0001455684
- company_name: TPI COMPOSITES, INC
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1455684/000117184323004679/0001171843-23-004679-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1455684/000117184323004679/f8k_072623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004679
- JSON: https://secwatch.observer/filing/0001171843-23-004679.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004679.txt

## Key facts
- Earnings Releases
  TPI COMPOSITES, INC reported second quarter ended June 30, 2023 results: revenue Approximately $380 million, net income Range of $78 million to $83 million loss. Guidance lowered.
  - Period: second quarter ended June 30, 2023
  - Revenue: Approximately $380 million
  - Net income: Range of $78 million to $83 million loss
  - Guidance: lowered
  - Result: preliminary results
  source text: footprint,” added Mr. Siwek. Second Quarter 2023 Selected, Preliminary Estimated Results For the second quarter ended June 30, 2023, we expect: Net Sales Approximately $380 million Net Loss Attributable to Common Stockholders Range of $78 million to $83 million loss Adjusted EBITDA (1) Range of $36 million to $41 million loss (1) See the attached table for
  evidence_url: https://www.sec.gov/Archives/edgar/data/1455684/000117184323004679/0001171843-23-004679-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.