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First Solar FSLR Q1 2026 earnings

Reported April 30, 2026 · After market close

Revenue$1.0BBeat by $9.7MDiluted EPS$3.22Beat by $0.35
Revenue estimate$1.0B
EPS estimate$2.87

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$1.1B
EPS estimate$2.85

Financials

Q1 2026

Income statement

See full
Revenue$1.0B+23.6%
Gross profit$486.1M+41.2%
Operating income$345.3M+56.1%
Net income$346.6M+65.4%
EPS (diluted)$3.22+65.1%

Balance sheet

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Cash & equivalents$2.4B+182%
Total debt$590.9M-6.5%
Total equity$9.9B+20.7%
Total assets$13.4B+10.2%

Cash flow

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Operating cash flow-$214.9M+64.7%
CapEx$118.5M-42.5%
Free cash flow-$333.4M+59.0%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$24.1B+56.4%
Enterprise value$22.32B+45.5%
P/E14.5×+2.3×
P/S4.5×+0.8×

Profitability

See full
Gross margin41.7%-1.9pp
Operating margin31.8%-0.5pp
Net margin30.7%+1.0pp
FCF margin30.8%—

Returns & leverage

See full
Return on equity18.4%+1.7pp
Debt / equity0.1×0.0×
Current ratio2.6×+0.6×

Versus estimates

Revenue

Q1 2026$1.0BBeat by $9.7M
Q4 2025$1.7BBeat by $114.0MQ3 2025$1.6BBeat by $19.1MQ2 2025$1.1BBeat by $56.0MQ1 2025$844.6MBeat by $2.1MQ4 2024$1.5BBeat by $30.9M

Diluted EPS

Q1 2026$3.22Beat by $0.35
Q4 2025$4.84Miss by $0.30Q3 2025$4.24In lineQ2 2025$3.18Beat by $0.52Q1 2025$1.95Miss by $0.54Q4 2024$3.65Miss by $1.16

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Questions, answered.

When did First Solar report Q1 2026 earnings?
First Solar (FSLR) reported Q1 2026 earnings on April 30, 2026 after market close.
What were First Solar's Q1 2026 revenue and EPS?
First Solar reported revenue of $1.0B and diluted EPS of $3.22 for Q1 2026.
Did First Solar beat estimates in Q1 2026?
Revenue beat the consensus estimate of $1.0B by $9.7M. EPS beat the consensus estimate of $2.87 by $0.35.
How did First Solar's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 23.6% from $844.6M a year earlier and diluted EPS grew 65.1% from $1.95.
Where can I find First Solar's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001274494-26-000108) and the 10-Q periodic report (0001274494-26-000109) directly on SEC EDGAR. The filing index links above go to sec.gov.