Semiconductors
股价
$203.94
-0.96%市值
$22.44B
今日最高
$206.86
今日最低
$201.08
First Solar delivered a strong Q1 FY2026 with revenue up 23.6% YoY to $1.04B, net income surging 65.4% to $347M, and gross margin expanding to 46.6%, reflecting improved manufacturing efficiency and higher average selling prices.
关键风险:Negative Operating Cash Flow
Despite strong profitability, First Solar generated negative operating cash flow of -$214.9M in Q1 FY2026. This disconnect between reported net income ($346.6M) and operating cash flow suggests significant working capital consumption, potentially from inventory build-up or large advance payments to suppliers tied to capacity expansion.
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