StockWatch
·
HomeLiveReports
Semiconductors
Quarterly ResultOct 29, 2026, 04:07 PM

First Solar Q3 Net Sales $1.23B; Board Authorizes $500M Buyback

AI Summary

First Solar announced its third quarter 2026 financial results, reporting net sales of $1.23 billion, a 23% decrease year-over-year, but net income increased 25% to $571 million, or $5.30 per diluted share. The company also updated its 2026 guidance, lowering volume and net sales expectations. In a significant move, the board of directors authorized a $500 million share repurchase program.

Key Highlights

  • First Solar Q3 2026 Net Sales $1.23B, down 23% YoY; Net Income $571M, up 25% YoY.
  • Q3 2026 Diluted EPS $5.30, up 25% YoY; Adjusted EBITDA $744M, up 11% YoY.
  • Board authorized a $500 million share repurchase program with no expiration date.
  • Updated 2026 guidance: Volume 16.0-17.0 GW (prior 17.0-18.2 GW); Net Sales $4.6B-$4.9B (prior $4.9B-$5.2B).
  • Q3 2026 Gross cash $1.6B, Net cash $1.5B.
  • Contracted sales backlog of 44.0 GW as of September 30, 2026.
View SEC Filing
FSLR
Semiconductors
FIRST SOLAR, INC.

Price Impact

More from FSLR

Quarterly ResultJul 30, 4:14 PM

First Solar Q2 Net Income $422.6M, EPS $3.92; Debt Reduced to $0

Quarterly ResultJul 30, 4:09 PM

First Solar Q2 Diluted EPS $3.92, Up 23%; Reaffirms 2026 Guidance

Quarterly ResultApr 30, 4:18 PM

FSLR Q1 Net Sales +23.6% to $1.04B; Net Income +65.4% to $346.6M; EPS $3.22

More in Quarterly Result

KWR18m ago

Quaker Chemical Q3 Net Sales $544.5M, Up 10% YoY; Non-GAAP EPS $2.39

VLTO18m ago

Veralto Q3 Sales Up 7.5% to $1.51B; Raises FY26 EPS Guidance

CUZ18m ago

Cousins Properties Inc. Reports Q3 2026 Financial Results