The earnings call reflected a positive outlook for First Solar with strong financial performance and advancements in technology. However, challenges related to tariffs and contract terminations pose risks. The overall sentiment is cautiously optimistic.

Company Guidance

During the Second Quarter 2025 Earnings Call, First Solar provided several key metrics and updates on its performance and future guidance. The company reported 3.6 gigawatts of module sales for Q2, which was above the forecasted midpoint, and achieved earnings per diluted share of $3.18, surpassing the high end of their guidance range. The manufacturing output was 4.2 gigawatts, with 2.4 gigawatts produced in the U.S. and 1.8 gigawatts internationally. The company's backlog at the end of the quarter stood at 61.9 gigawatts, valued at $18.5 billion. First Solar also noted advancements in its CuRe technology platform and progress in its perovskite development line, aiming for full commercialization in the coming years. The company maintained its full-year 2025 guidance, anticipating net sales between $4.9 billion and $5.7 billion, and earnings per diluted share ranging from $13.5 to $16.5. Additionally, First Solar discussed its strategic positioning amid evolving U.S. trade policies, emphasizing its strong U.S. contract backlog through 2028 and the potential for expanded production capabilities to mitigate international tariff impacts.

Record Module Sales

First Solar recorded 3.6 gigawatts of module sales in Q2 2025, above the midpoint of the previous forecast, with U.S. facilities contributing 2.3 gigawatts.

Earnings Per Share Surpass Expectations

Q2 earnings per diluted share were $3.18, exceeding the high end of the guidance range.

Domestic Capacity Expansion

Equipment installation and commissioning at the Louisiana site is complete, expected to boost U.S. manufacturing capacity to over 14 gigawatts by 2026.

Advancements in Technology

Progress on CuRe technology and perovskite development has been positive, with improvements in performance and manufacturability.

Corporate Responsibility Achievements

First Solar published its annual corporate responsibility report, highlighting significant achievements in water recycling and waste reduction.

Strong U.S. Policy Environment

Recent legislation and policy developments have strengthened First Solar's position, particularly with restrictions on foreign entities.

First Solar (FSLR) Earnings, Revenues Date & History

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FSLR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	4.31 / -	2.91	―	―	―
Jul 31, 2025	2025 (Q2)	2.66 / 3.18	3.25	-2.15% (-0.07)
Apr 29, 2025	2025 (Q1)	2.49 / 1.95	2.2	-11.36% (-0.25)
Feb 25, 2025	2024 (Q4)	4.70 / 3.65	3.25	12.31% (+0.40)
Oct 29, 2024	2024 (Q3)	3.15 / 2.91	2.5	16.40% (+0.41)
Jul 30, 2024	2024 (Q2)	2.70 / 3.25	1.59	104.40% (+1.66)
May 01, 2024	2024 (Q1)	2.00 / 2.20	0.4	450.00% (+1.80)
Feb 27, 2024	2023 (Q4)	3.14 / 3.25	-0.07	4742.86% (+3.32)
Oct 31, 2023	2023 (Q3)	2.04 / 2.50	-0.46	643.48% (+2.96)
Jul 27, 2023	2023 (Q2)	0.99 / 1.59	0.52	205.77% (+1.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FSLR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$174.73	$183.97	+5.29%
Apr 29, 2025	$137.24	$125.82	-8.32%
Feb 25, 2025	$147.46	$156.84	+6.36%
Oct 29, 2024	$199.67	$197.50	-1.09%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.