First Solar, Inc. Announces Third Quarter 2026 Financial Results, Updates Guidance, and Announces $500 Million Share Repurchase Program
Business Wire•29/10/2026•16:02 ET
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Key Highlights
- ➤Q3 net sales $1.23B, down 23% year-over-year
- ➤Q3 diluted EPS $5.30, up 25% year-over-year
- ➤2026 sales guidance cut to $4.6B-$4.9B from $4.9B-$5.2B
- ➤2026 Adjusted EBITDA guidance reduced to $2.55B-$2.75B
- ➤Board authorizes $500M share repurchase program
- ➤Contracted sales backlog reaches 44.0 GW as of September 30, 2026
Expert Statements
Mark Widmar, Chief Executive Officer of First Solar
“Section 232 represents a structural change in how the United States approaches solar manufacturing”
Mark Widmar, Chief Executive Officer of First Solar
“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.”
First Solar, Inc. Announces Third Quarter 2026 Financial Results, Updates Guidance, and Announces $500 Million Share Repurchase Program
Net income per diluted share of $5.30, an increase of 25% year-over-year
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