First Solar Q2 Net Income Jumps 24% to $423M, Reaffirms 2026 Outlook
FSLR sits 22% above its 52-week low of $171.99.
Summary
First Solar delivered a strong Q2, with net income rising 24% year-over-year to $423 million, or $3.92 per share, on $1.06 billion in sales. Adjusted EBITDA hit $644 million, up from $560 million a year ago, driven by record module sales volumes and improved operating leverage. The company reaffirmed its full-year 2026 guidance, including $4.9-$5.2 billion in net sales and $2.6-$2.8 billion in Adjusted EBITDA, signaling confidence in its contracted backlog of 45.1 GW extending through 2030. Net cash fell to $1.7 billion from $2.4 billion at year-end, reflecting seasonal working capital needs and capex for the South Carolina facility. For Q3, management guided to Adjusted EBITDA of $625-$775 million on module sales of 3.9-4.5 GW, providing a clear near-term trajectory. The results underscore First Solar's ability to convert its differentiated U.S. manufacturing base and IRA tax credits into expanding profitability, even as net sales dipped slightly due to customer contract terminations.
At the time of this announcement, FSLR was trading at $210.00 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $22.1B. The 52-week trading range was $171.99 to $320.95. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.