At the archive date, FIRST SOLAR, INC. was expected to release its Q3 2026 10-Q filing on October 28, 2026, after market close. Last quarter: First Solar reported a 3.7% year-over-year revenue decline to $1.06B in Q2 FY2026 due to contract terminations, yet expanded net income 23.6% to $422.57M driven by IEEPA tariff refunds, Section 45X credits, and disciplined cost execution.
EPS Estimate
$4.77
Revenue Estimate
$1.31B
Analyst consensus captured from Finnhub and Financial Modeling Prep. This archived preview is no longer updated with later results; see the FSLR page for retained reports.
Drawn from management commentary in the Q2 2026 10-Q:
Net sales decreased 3.7% YoY to $1.06B due to contract terminations, but gross margin expanded 11.7 percentage points to 57.3%, boosted by expected IEEPA tariff refunds, Section 45X advanced manufacturing production tax credits, and lower logistics costs. Source: 10-Q Item 2 MD&A, p.33
In May 2026, First Solar fully satisfied all obligations under its India Credit Facility by prepaying $328.2M in principal and $5.5M in interest, reducing long-term debt balance to zero. Source: 10-Q Item 2 MD&A, p.33
First Solar produced 4.3 GW and sold 3.7 GW of modules in Q2 FY2026, maintaining a firm backlog of 45.1 GW valued at $13.6B through 2030, with up to $0.5B in potential price adjustments from tech enhancements. Construction continues on its sixth U.S. facility in South Carolina. Source: 10-Q Item 2 MD&A, p.33, 39
Revenue
$1.06B
-3.73% YoY
EPS (Diluted)
$3.92
+23.27% YoY
Gross Margin
57.3%
+11.7 pts YoY
Operating Income
$450.39M
+24.55% YoY
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