---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-004977"
form_type: "8-K"
ticker: "TPICQ"
cik: "0001455684"
company_name: "TPI COMPOSITES, INC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:49:58.133986+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TPI Composites Q2 net loss widens to $80.8M; cuts 2023 sales guidance to $1.525-1.575B

## Summary
- Q2 net loss from continuing ops $80.8M ($1.90/share) vs $25.3M loss YoY.
- Adjusted EBITDA loss of $38.9M, reversing $5.6M positive in Q2 2022.
- Revenue down 2.9% to $381.3M; blade sets produced 661 vs 675.
- Full-year 2023 sales guidance cut to $1.525-1.575B; adjusted EBITDA margin expected < -1%.
- Agreed in principle to add four GE blade lines in Juarez; quarterly cash balance $170M.

## SEC filing metadata
- accession: 0001171843-23-004977
- form_type: 8-K
- ticker: TPICQ
- cik: 0001455684
- company_name: TPI COMPOSITES, INC
- filed_at: 2023-08-03T23:59:59+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/1455684/000117184323004977/0001171843-23-004977-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1455684/000117184323004977/f8k_080323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004977
- JSON: https://secwatch.observer/filing/0001171843-23-004977.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004977.txt

## Key facts
- Earnings Releases
  TPI COMPOSITES, INC reported second quarter ended June 30, 2023 results: revenue $381.3 million, net income $80.8 million, EPS $1.90.
  - Period: second quarter ended June 30, 2023
  - Revenue: $381.3 million
  - Net income: $80.8 million
  - EPS: $1.90
  - Result: reported results
  source text: to navigate the near-term headwinds and put us on a path to achieve our sales and adjusted EBITDA targets.” Second Quarter 2023 Continuing Operations Results Net Sales totaled $381 million for the three months ended June 30, 2023, a decrease of 2.9% over the same period last year Net loss from continuing operations attributable to common stockholders was $80.8
  evidence_url: https://www.sec.gov/Archives/edgar/data/1455684/000117184323004977/0001171843-23-004977-index.htm

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