Quarterly ResultJul 30, 2026, 04:09 PM
First Solar Q2 Diluted EPS $3.92, Up 23%; Reaffirms 2026 Guidance
AI Summary
First Solar, Inc. announced its second quarter 2026 financial results, reporting net sales of $1.06 billion, a 4% decrease year-over-year. Despite the sales dip, net income per diluted share increased by 23% to $3.92, and Adjusted EBITDA grew to $644 million. The company also reaffirmed its full-year 2026 guidance for net sales and Adjusted EBITDA, and provided an outlook for third-quarter Adjusted EBITDA.
Key Highlights
- Net sales were $1.06 billion, a 4% decrease year-over-year.
- Net income per diluted share increased 23% year-over-year to $3.92.
- Adjusted EBITDA rose to $644 million from $560 million in Q2 2025.
- Gross and net cash balance stood at $1.7 billion as of June 30, 2026.
- Contracted sales backlog reached 45.1 GW as of June 30, 2026.
- Reaffirmed 2026 net sales guidance of $4.9 billion to $5.2 billion.
- Reaffirmed 2026 Adjusted EBITDA guidance of $2.6 billion to $2.8 billion.
- Anticipates Q3 2026 Adjusted EBITDA between $625 million and $775 million.
Price Impact
More from FSLR