Want to see FSLR full AI Analyst Report?
Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3Last Year’s EPS
3.18Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial performance in Q1—record revenue, significant volume growth, expanded margins, robust adjusted EBITDA, higher net income, healthy cash position, successful CURE launch, and a sizable backlog. However, material near-term risks remain: tariff and policy uncertainty (Section 232/122/301 and proposed FEOP), reduced utilization of international factories, underutilization cost exposure, and execution/regulatory risks in India and for new technologies (perovskite). On balance, the positives around domestic manufacturing momentum, technology rollout (CURE), margin expansion, and a resilient balance sheet outweigh the risks, though continued outcomes from trade and policy decisions will be important to sustain momentum.Company Guidance
Record First Quarter Revenue
Net sales of $1.0 billion, a record first quarter for the company, up 24% year-over-year.
Strong Volume Growth
Module production of 4.3 GW in Q1 (approximately 3.0 GW U.S., 1.3 GW international) with volumes sold growing 31% year-over-year.
Significant Margin Expansion
Gross margin of 47% expanded approximately 6 percentage points year-over-year; adjusted EBITDA of $520 million (above the Q1 preview range of $400M–$500M) and adjusted EBITDA margin of 50%.
Net Income and EPS Improvement
Net income of $347 million, up 65% year-over-year, and diluted EPS of $3.22.
Robust Balance Sheet and Cash Position
Ended the quarter with $2.4 billion in cash, cash equivalents, restricted cash, and marketable securities and a net cash position of $2.0 billion (at the high end of the targeted resilient cash range of ~$1.5B–$2.0B).
Operational Efficiency and Cost Savings
Sales freight cost fell to ~$0.017 per watt (roughly half of Q1 last year); warehouse costs reduced by $22 million sequentially, part of a plan to rationalize ~$100 million of warehouse costs by 2027.
Technology Launch — CURE
CURE launch complete in Perrysburg and Series 6 line ramping; CURE expected to deliver up to ~8% more lifetime specific energy yield than crystalline silicon TOPCon and supports potential realization of up to $600 million of additional revenue from technology adjusters in the backlog (majority anticipated in 2027–2028).
Backlog and Bookings
Contracted backlog of 47.9 GW at an aggregate transaction price of $14.4 billion (exclusive of technology adjusters) with gross bookings of ~1.9 GW since the last call and 1.7 GW recorded in Q1 (0.9 GW U.S. at ~$0.34/W and 0.8 GW India).
High U.S. Utilization and Domestic Manufacturing Progress
U.S. facilities operated at ~96% utilization in Q1; South Carolina finishing facility on track for production start in 2026 with equipment installation begun this quarter, expected to improve freight, tariff, and domestic content outcomes and benefit from Section 45X tax credits.
Operating Cash Flow Improvement
Operating cash outflows of $215 million in Q1, a meaningful improvement from outflows of $608 million in Q1 2025; capital expenditures of $119 million focused on South Carolina finishing facility.
FSLR Earnings History
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 |
|---|---|---|---|
Apr 30, 2026 | $201.89 | $211.71 | +4.86% |
Feb 24, 2026 | $243.21 | $210.12 | -13.61% |
Oct 30, 2025 | $233.58 | $266.94 | +14.28% |
Jul 31, 2025 | $174.73 | $183.97 | +5.29% |
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.
FAQ
When does First Solar (FSLR) report earnings?
First Solar (FSLR) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is First Solar (FSLR) earnings time?
First Solar (FSLR) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FSLR EPS forecast?
FSLR EPS forecast for the fiscal quarter 2026 (Q2) is 3.
