First Solar Q2 EPS rises 23% to $3.92 as net sales fall 4% to $1.06 billion
First Solar reported second-quarter 2026 net sales of $1.06 billion, down 4% from a year earlier, mainly due to lower revenue from customer contract terminations. Net income rose to $423 million, or $3.92 per diluted share, from $342 million, or $3.18, a year earlier, and the company reaffirmed its full-year 2026 guidance without change.
Key points
- Net sales were $1.06 billion, down 4% year over year, partly offset by higher volume of modules sold to third parties.
- Net income was $423 million, or $3.92 per diluted share, versus $342 million, or $3.18, in Q2 2025.
- Adjusted EBITDA was $644 million, compared with $560 million a year earlier.
- 2026 guidance was unchanged, including net sales of $4.9 billion to $5.2 billion and Adjusted EBITDA of $2.6 billion to $2.8 billion; the net cash balance was $1.7 billion at June 30, 2026, down from $2.4 billion at December 31, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits 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, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.