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First Solar FSLR Q2 2026 earnings

Reported July 30, 2026 · After market close

Revenue$1.1BMiss by $6.5M
EPS$3.92Beat by $1.02
Revenue estimate$1.1B
EPS estimate$2.90
“We also surpassed 100 GW of cumulative module sales globally and ended the quarter with approximately 45.1 GW of contracted backlog extending through 2030, demonstrating continued demand for our differentiated technology platform, domestic manufacturing footprint and delivery certainty.”
Mark Widmar

Next report

Oct 29, 2026 (In 1 week)
Revenue estimate$1.3B
EPS estimate$4.67

Financials

Q2 2026

Income statement

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Revenue$1.1B-3.7%
Gross profit$605.0M+21.0%
Operating income$450.4M+24.6%
Net income$422.6M+23.6%
EPS (diluted)$3.92+23.3%

Balance sheet

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Cash & equivalents$1.7B+43.1%
Total debt$194.0M-71.2%
Total equity$10.3B+20.8%
Total assets$13.4B+4.1%

Cash flow

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Operating cash flow-$144.9M-197%
CapEx$161.3M-44.0%
Free cash flow-$306.2M-121%

Valuation & ratios

Valuation

as of 10/16/26
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Market cap$19.22B-24.6%
Enterprise value$17.72B-26.8%
P/E11×-7.2×
P/S3.6×-1.5×

Profitability

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Gross margin44%+1.3pp
Operating margin33.6%+2.3pp
Net margin32.5%+3.5pp
FCF margin27.9%—

Returns & leverage

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Return on equity18.5%+2.6pp
Debt / equity0×-0.1×
Current ratio2.5×+0.6×

FAQ

When did First Solar report Q2 2026 earnings?
First Solar (FSLR) reported Q2 2026 earnings on July 30, 2026 after market close.
What were First Solar's Q2 2026 revenue and EPS?
First Solar reported revenue of $1.1B and eps of $3.92 for Q2 2026.
Did First Solar beat estimates in Q2 2026?
Revenue missed the consensus estimate of $1.1B by $6.5M. EPS beat the consensus estimate of $2.90 by $1.02.
How did First Solar's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 3.7% from $1.1B a year earlier and eps grew 23.3% from $3.18.
Where can I find First Solar's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001274494-26-000169) and the 10-Q periodic report (0001274494-26-000170) directly on SEC EDGAR. The filing index links above go to sec.gov.