Quarterly ResultApr 30, 2026, 04:10 PM
FSLR Q1 Net Sales +24% to $1.04B; EPS +65% to $3.22; Reaffirms 2026 Guidance
AI Summary
First Solar, Inc. announced strong financial results for Q1 2026, with net sales increasing 24% year-over-year to $1.04 billion and diluted EPS rising 65% to $3.22. The company also reported Adjusted EBITDA of $520 million and a contracted sales backlog of 47.9 GW. First Solar reaffirmed its full-year 2026 guidance and provided an outlook for Q2 2026.
Key Highlights
- Q1 2026 net sales increased 24% YoY to $1.04 billion.
- Q1 2026 diluted EPS rose 65% YoY to $3.22.
- Q1 2026 Adjusted EBITDA was $520 million.
- Contracted sales backlog reached 47.9 GW as of March 31, 2026.
- Net cash balance decreased to $2.0 billion from $2.4 billion in Q4 2025.
- Reaffirmed 2026 net sales guidance of $4.9B to $5.2B.
- Reaffirmed 2026 Adjusted EBITDA guidance of $2.6B to $2.8B.
- Forecasted Q2 2026 Adjusted EBITDA between $400 million and $500 million.