Earnings Releases·Oct 29, 2026, 4:03 PM ET

First Solar, Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 net sales decreased 23% year-over-year to $1.23 billion, while net income rose 25% to $571 million ($5.30 per diluted share) and Adjusted EBITDA increased 11% to $744 million.
Full-year 2026 guidance was lowered for volume (16.0–17.0 GW vs. prior 17.0–18.2 GW), net sales ($4.6–$4.9 billion vs. $4.9–$5.2 billion), Adjusted EBITDA ($2.55–$2.75 billion vs. $2.6–$2.8 billion), and capital expenditures ($0.6–$0.8 billion vs. $0.8–$1.0 billion), with gross profit and operating expense guidance unchanged.
The Board authorized a new share repurchase program of up to $500 million with no expiration date, while net cash balance declined to $1.5 billion as of September 30, 2026, from $2.4 billion at year-end 2025.
Contracted sales backlog stood at 44.0 GW as of September 30, 2026, and Q4 2026 module sales are forecast between 4.3 GW and 5.3 GW with Adjusted EBITDA guidance of $643 million to $843 million.