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First Solar, Inc. (FSLR) stock

FSLRNasdaqSemiconductors & Related DevicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 20/3060% below fair value
$174.40−2.49 (-1.41%)

Close on Oct 30, 2026Market cap $18.74BP/E 10.1Yield –

Earnings

First Solar's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Feb 23, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$1.23B
-23.1% on a year earlier
Adjusted EPS, Q3 FY2026
$5.30
$4.24 a year earlier
Latest guidance
Lowered
Oct 29, 2026 · 9 items

Quarterly results

Revenue and earnings per share from each of First Solar's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Feb 23, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Oct 29, 2026after the close$1.23B-23.1%$5.30–Release
Q2 FY2026ended Jun 30, 2026Jul 30, 2026after the close$1.06B-3.6%$3.92–Release
Q1 FY2026ended Mar 31, 2026Apr 30, 2026after the close$1.04B–$3.22–Release
Q4 FY2025ended Dec 31, 2025Feb 24, 2026after the close$1.70B+13.3%$4.84–Release
Q3 FY2025ended Sep 30, 2025Oct 30, 2025after the close$1.60B+77.8%$4.24–Release
Q2 FY2025ended Jun 30, 2025Jul 31, 2025after the close$1.10B+10.0%$3.18–Release
Q1 FY2025ended Mar 31, 2025Apr 29, 2025after the close–––$1.95Release
Q4 FY2024ended Dec 31, 2024Feb 25, 2025after the close$1.50B+25.0%$3.65–Release
Q3 FY2024ended Sep 30, 2024Oct 29, 2024after the close$900.00M+12.4%$2.91–Release
Q2 FY2024ended Jun 30, 2024Jul 30, 2024after the close$1.00B+23.3%$3.25–Release
Q1 FY2024ended Mar 31, 2024May 1, 2024after the close$794.00M+44.9%$2.20–Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

First Solar's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Adjusted EBITDAnon-GAAPQ4 FY2026$643.00M – $843.00M–NewOct 29, 2026
module salesQ4 FY20264.3 – 5.3–NewOct 29, 2026
Net SalesGAAPFY2026$4.60B – $4.90B–NewOct 29, 2026
Net SalesGAAPFY2026$4.90B – $5.20B–NewJul 30, 2026
Net SalesFY2026$4.90B – $5.20B$4.90B – $5.20BReaffirmedApr 30, 2026
Gross MarginFY2026$2.40B – $2.60B–NewFeb 24, 2026
Adjusted EBITDAnon-GAAPFY2026$2.55B – $2.75B–NewOct 29, 2026
Adjusted EBITDAnon-GAAPFY2026$2.60B – $2.80B$2.60B – $2.80BReaffirmedJul 30, 2026
Capital ExpendituresFY2026$600.00M – $800.00M–NewOct 29, 2026
Capital ExpendituresFY2026$800.00M – $1.00B$800.00M – $1.00BReaffirmedJul 30, 2026
Gross ProfitGAAPFY2026$2.40B – $2.60B–NewOct 29, 2026
Gross ProfitGAAPFY2026$2.40B – $2.60B–NewJul 30, 2026
Gross ProfitFY2026$2.40B – $2.60B–RaisedApr 30, 2026
Net Cash BalanceFY2026$1.70B – $2.30B–NewOct 29, 2026
Net Cash Balancenon-GAAPFY2026$1.70B – $2.30B–NewJul 30, 2026
Net Cash BalanceFY2026$1.70B – $2.30B$1.70B – $2.30BRaisedApr 30, 2026
Operating ExpensesGAAPFY2026$610.00M – $635.00M–LoweredOct 29, 2026
Operating ExpensesGAAPFY2026$610.00M – $635.00M–LoweredJul 30, 2026
Operating ExpensesFY2026$610.00M – $635.00M$610.00M – $635.00MLoweredApr 30, 2026
Volume SoldFY202616 – 17–NewOct 29, 2026
Volume SoldFY202617 – 18.217 – 18.2ReaffirmedJul 30, 2026
Volume SoldFY202617 – 18.2–NewApr 30, 2026

Guidance vs results

The last range First Solar gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q3 FY2025EPS (GAAP)$3.30 – $4.70$4.24Within range
Q2 FY2025EPS (GAAP)$2.00 – $3.00$3.18Above range

Guidance history

Every forecast First Solar put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Oct 29, 2026Capital ExpendituresFY2026$600.00M – $800.00MNew
Oct 29, 2026Adjusted EBITDAQ4 FY2026$643.00M – $843.00MNew
Oct 29, 2026Adjusted EBITDAFY2026$2.55B – $2.75BNew
Oct 29, 2026module salesQ4 FY20264.3 – 5.3New
Oct 29, 2026Volume SoldFY202616 – 17New
Oct 29, 2026Net Cash BalanceFY2026$1.70B – $2.30BNew
Oct 29, 2026Gross ProfitFY2026$2.40B – $2.60BNew
Oct 29, 2026Operating ExpensesFY2026$610.00M – $635.00MLowered
Oct 29, 2026Net SalesFY2026$4.60B – $4.90BNew
Jul 30, 2026Capital ExpendituresFY2026$800.00M – $1.00BReaffirmed
Jul 30, 2026Adjusted EBITDAFY2026$2.60B – $2.80BReaffirmed
Jul 30, 2026Adjusted EBITDAQ3 FY2026$625.00M – $775.00MNew
Jul 30, 2026Volume SoldFY202617 – 18.2Reaffirmed
Jul 30, 2026Gross ProfitFY2026$2.40B – $2.60BNew
Jul 30, 2026Operating ExpensesFY2026$610.00M – $635.00MLowered
Jul 30, 2026Net Cash BalanceFY2026$1.70B – $2.30BNew
Jul 30, 2026module salesQ3 FY20263.9 – 4.5New
Jul 30, 2026Net SalesFY2026$4.90B – $5.20BNew
Apr 30, 2026Capital ExpendituresFY2026$800.00M – $1.00BReaffirmed
Apr 30, 2026Adjusted EBITDAFY2026$2.60B – $2.80BReaffirmed

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases First Solar filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
  2. Results
  3. Results
  4. Results
  5. Results
  6. Results
  7. Results
  8. Results
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