TurnOnGreen Posts Revenue Growth and Margin Expansion in First Half of 2026

TurnOnGreen, Inc. (OTC: TOGI), a San Jose-based provider of electric vehicle charging and power conversion solutions, has reported its financial results for the six-month period and second quarter ending in 2026, highlighting revenue growth and expanding gross margins that reflect broader momentum in the clean energy sector. According to a PR Newswire release, the company's six-month revenue reached $3.49 million, accompanied by a 16% increase in gross profit. Second quarter gross margin expanded to 47%, while operating expenses were reduced by 18% — a combination that points to improving operational efficiency alongside top-line growth. While TurnOnGreen is not a maritime-specific company, its performance is relevant to the maritime and port industries, where electrification of shore power infrastructure, terminal equipment, and vessel charging systems is accelerating. Port authorities and terminal operators across North America and Europe are increasingly investing in EV charging and power management solutions as part of broader decarbonisation strategies and compliance with tightening emissions regulations. The company operates through wholly owned subsidiaries and serves sectors requiring robust power conversion and charging infrastructure — capabilities that align with the growing demand for cold ironing (shore-to-ship power) installations and electrified cargo handling equipment at modern port facilities. The 18% reduction in operating expenses alongside margin expansion suggests TurnOnGreen is achieving greater cost discipline even as it pursues revenue growth — a balance that investors and industry partners in capital-intensive infrastructure markets will view positively. As the maritime industry continues its transition toward low- and zero-emission operations, technology and energy companies demonstrating financial stability and scalable solutions are likely to attract increasing attention from port developers, shipping companies, and infrastructure investors seeking reliable partners for long-term electrification projects. Full financial details are available via the company's official disclosure on PR Newswire.