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AI brief of an SEC Form 8-K · First Solar (FSLR)

First Solar Q2 EPS rises to $3.25 from $2.20; 2024 guidance unchanged

Positive Impact 3 of 5 earnings Written later

First Solar reported second quarter 2024 net sales of $1.0 billion, up $0.2 billion from the first quarter, and net income of $349 million, or $3.25 per diluted share. The company kept its full-year 2024 guidance unchanged. Cash net of debt fell to $1.2 billion from $1.4 billion, mainly due to capital spending on new U.S. factories in Alabama and Louisiana.

Key points

  • Net sales were $1.0 billion, up from $794 million in the first quarter of 2024.
  • Net income per diluted share was $3.25, compared with $2.20 in the first quarter of 2024.
  • Full-year 2024 guidance is unchanged, including net sales of $4.4 billion to $4.6 billion and earnings per diluted share of $13.00 to $14.00.
  • Cash, marketable securities and restricted cash, less debt, fell to $1.2 billion from $1.4 billion at the end of the prior quarter.

The filing

CompanyFirst Solar (FSLR)
Form8-K, current report
Filed with the SECJul 30, 2024, 4:04 PM ET
Accession number0001274494-24-000032

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.