FSLR Stock — First Solar, Inc.

Up next

Next earnings call

Oct 29, 2026 Est · unconfirmed · in 4 wks

Latest filing: 10-Q

filed Jul 30, 2026

Q2 2026 earnings call transcript

call held Jul 30, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

View all 115 metrics

Revenue (TTM)

$5.38B

Trailing 12 months

Net income (TTM)

$1.75B

Trailing 12 months

Revenue growth YoY

-3.7%

Year over year

Operating margin

33.6%

Trailing 12 months

P / E (TTM)

10.8

Trailing earnings · reciprocal yield 9.3%

FCF yield

7.9%

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

—

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+0.2%

Year over year · more shares

Price change (1Y)

-20.6%

Trailing year

Short interest

9.8%

Latest settlement · 5.3 days to cover

View all 115 metrics

AI Brief

Q2 FY26 earnings call · Jul 30, 2026

Q2 FY26

TL;DR. First Solar reported record Q2 sales volume, expanded gross margin to ~57%, and beat its Q2 Adjusted EBITDA preview with $644 million, while reaffirming its full-year 2026 guidance and highlighting strong contracted backlog of 45.1 GW but with policy uncertainty (Section 232) still gating near-term bookings and Southeast Asia utilization decisions.

Bullish

+ Record Q2 sales volume and ~57% gross margin drove a 24% YoY rise in net income to $423 million.
+ Q2 Adjusted EBITDA of $644 million topped the high end of the prior preview range with a 61% margin.
+ Contracted backlog stands at 45.1 GW ($13.6B value) extending deliveries through 2030, with U.S. capacity substantially committed through 2028.
+ Company added ~1.9 GW of new U.S. bookings at an ASP of ~$0.36/W and booked ~2 GW in July alone, signaling pent-up demand.
+ First cure-related ASP adjusters notified to customers, beginning to convert CuRe's performance into backlog value.

Bearish

− Net sales declined ~4% YoY to $1.06B due to lower prior-year termination revenue, and R&D rose YoY including a charge for impaired R&D equipment.
− Guidance now embeds $60-80M net tariff headwind and additional freight costs, partially offsetting benefits.
− Operating cash outflow of $360M YTD and net cash decline to $1.7B from $2.4B at year-end reflects working capital drag and capex.
− South Carolina finishing facility phase 2 completion pushed to mid-2027 to incorporate CuRe technology.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Sell

SellHoldBuy

Technical Strong Sell Momentum Very Weak Sentiment Neutral Fundamentals Excellent Quant / Vol Very High

Market backdrop VIX 16.3 · calm Equity put/call 0.53

Technical

price trend

Strong Sell

50 / 200-day cross No cross

Price vs 200-day avg −22%

below

Price vs 50-day avg −16%

below

RSI (14) 36

neutral

MACD trend Negative

52-week position 2%

near low

Momentum

relative strength

Very Weak

1-month return −12%

trailing

6-month return −11%

trailing

YTD return −33%

this year

Relative strength −23%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $209 › 200d $225 — 200d above 50d

Institutional flow Accumulating

+4% holders QoQ · +156 funds added

Insider flow Distributing

Net -$28.3K over 90 days · 100% sells

Short interest Rising

9.79% of float · ▲ +11.6% MoM · 5.3 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

1,022 holders — mid 3-yr range

Squeeze score 68

elevated · 0–100

Fundamentals

Excellent

Revenue growth +24%

Y/Y

Gross margin 41%

contracting

EPS growth +18%

Y/Y

Free cash flow $1.2B

Valuation P/E 11

below peers

Balance sheet $2.3B

net cash

Quant / Vol

risk profile

Very High

Volatility 55%

annualized · 1-yr

Max drawdown −46%

past year

ATR 5.3%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 4 of last 8

Latest guidance · from the 8-K filed Jul 30, 2026

2026

Net Sales $4.9B – $5.2B

prior FY $5.22B midpoint −3.2% Y/Y

Gross Profit $2.4B – $2.6B

Operating Expenses $610M – $635M

Adjusted EBITDA Non-GAAP $2.6B – $2.8B

Capital Expenditures $800M – $1B

Net Cash Balance $1.7B – $2.3B

third quarter

Adjusted EBITDA Non-GAAP $625M – $775M

Guided vs delivered · last 8 settled

Net Sales 2024

guided $4.4B – $4.6B

guided $4.4B – $4.6B $4.21B Miss −6.5%

Earnings per Diluted Share 2024

guided $13.00 – $14.00

guided $13.00 – $14.00 $12.02 Miss −11.0%

Net Sales 2023

guided $3.4B – $3.6B

guided $3.4B – $3.6B $3.32B Miss −5.2%

Earnings per Diluted Share 2023

guided $7.20 – $8.00

guided $7.20 – $8.00 $7.74 In line

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Strong Sell

4 · 2 · 0

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

−22% Bearish

Price vs 50-day avg

−16% Bearish

RSI (14)

36 Neutral

MACD trend

Negative Bearish

52-week position

2% Bearish

Market signals — smart money & positioning

Bearish · 2 of 6

Trend (MA cross) No cross

50d $209 › 200d $225 — 200d above 50d

Institutional flow Accumulating

+4% holders QoQ · +156 funds added

Insider flow Distributing

Net -$28.3K over 90 days · 100% sells

Short interest Rising

9.79% of float · ▲ +11.6% MoM · 5.3 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

1,022 holders — mid 3-yr range

Price context

position in its 52-week range

Range low $172 Now $175 · 2% Range high $318

vs 200-day avg -22% vs 50-day avg -16%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.

Versus peers

Solar — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
FSLR First Solar, Inc. this stock	$19.10B	-32.9%	+24.1%	11.0	9.8%
NXT Nextpower Inc.	$12.27B	-10.5%	+20.3%	20.9	5.8%
ENPH Enphase Energy, Inc.	$4.27B	+2.9%	+10.7%	32.1	18.1%
SMTGF SMA Solar Technology AG/ADR	$2.32B	+76.2%	—	—	0.2%
SEDG Solaredge Technologies, Inc.	$2.01B	+10.5%	+31.4%	—	19.3%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

1,022

% held: 131.1%
Net QoQ: +10.7M sh
Top holder: BlackRock, Inc.

Held Float

View

Held by Funds

Fund positions

828

View

Short & Settlement

Short Interest Rising

Shares short

10.5M

Days to cover: 5.3d
Change: +1.1M sh

View

Short Volume

Short vol %

58%

As of: Sep 30, 2026

Short Total

View

Fails to Deliver

FTD shares

389

Value: $81.3K
As of: Sep 14, 2026

View

Off-Exchange

Off-exchange %

44.6%

Week of: Aug 24, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$28.3K

Buyers / Sellers: 0 / 1

Buyers Sellers

View

Congressional Trades Buy

Member

Alan Armstrong

Amount: $1.0K–$15.0K
Traded: Mar 27, 2026

View

Financials

Revenue (FY)

$5.2B

Net income (FY): $1.5B
EPS diluted: $14.21

View

Filings

SEC Filings

Latest

8-K

Filed: Jul 30, 2026
This year: 9

View

Proposed Sales

Value

$139.2K

Shares: 800
Filed: Oct 1, 2026

View

Earnings & Events

Webcasts

Last webcast

Jul 30, 2026

View

Investor Relations

	5D	20D	120D	MTD	YTD
FSLR	-8.8%	-12.3%	-11.2%	-13.2%	-33.0%
SPY	-0.7%	+0.1%	+12.2%	-0.6%	+11.8%
vs SPY	-8.1%	-12.4%	-23.4%	-12.7%	-44.8%

FSLR · First Solar, Inc.

Price & Indicators

Up next

Metrics snapshot

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance