First Solar, Inc.: Mixed — EPS $5.30, Revenue $1.23B
Mixed ResultQ3 2026 · After-market
Did First Solar, Inc. (FSLR) beat earnings today?
It was a mixed report for Q3 2026 — First Solar, Inc. (FSLR) beat on EPS but missed on revenue.
Earnings Per Share+14.22% surprise
$5.30Actual
Expected: $4.64
vs. year ago +25.0%
Total Revenue-4.58% surprise
$1.23BActual
Expected: $1.29B
vs. year ago -23.0%
Released Oct 29 · 4:02 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net sales | $1.23B | $1.59B | -23.0% |
| Net income | $571.06M | $455.94M | +25.0% |
| GAAP Basic EPS | $5.31 | $4.25 | +24.9% |
| GAAP Diluted EPS | $5.30 | $4.24 | +25.0% |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | FY2026 Guidance |
|---|---|---|
| Volume Sold | 4.3GW-5.3GW | 16.0GW-17.0GW (prev. 17.0GW-18.2GW) |
| U.S. Manufacturing | 3.4GW-4.3GW | — |
| Net Sales | — | $4.6B-$4.9B (prev. $4.9B-$5.2B) |
| Gross Profit | — | $2.4B-$2.6B (unchanged) |
| Operating Expenses | — | $610M-$635M (unchanged) |
| Adjusted EBITDA | $643M-$843M | $2.55B-$2.75B (prev. $2.6B-$2.8B) |
| Capital Expenditures | — | $0.6B-$0.8B (prev. $0.8B-$1.0B) |
| Net Cash Balance | — | $1.7B-$2.3B (unchanged) |
Business Highlights
- ➤Authorized a $500 million share repurchase program effective immediately.
- ➤Reported 44.0 GW of contracted sales backlog as of September 30, 2026.
- ➤Company is the only fully integrated utility-scale solar manufacturer without Chinese crystalline silicon supply-chain dependency.
- ➤PV technology is developed at R&D labs in California and Ohio.
- ➤Modules use a fully integrated, continuous production process.
- ➤Company highlighted Section 232 as a structural change for U.S. solar manufacturing.
- ➤Repurchase authorization has no expiration date and may be suspended or discontinued.
- ➤Repurchase timing and amounts will depend on market conditions and other factors.
- ➤Module-sales outlook includes output from U.S. manufacturing operations.
Management Commentary
Mark Widmar, Chief Executive Officer
“Section 232 represents a structural change in how the United States approaches solar manufacturing. As a technology company and the only fully-integrated utility-scale solar manufacturer without dependency on the Chinese crystalline silicon supply chain, we believe we are structurally positioned to benefit from this environment.”