Citable filing context
FSLR's research view summarizes recent SEC filing context, starting with earnings from Jul 30, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 30, 2026 | earnings | First Solar reported Q2 2026 net sales of $1.06 billion and net income of $3.92 per diluted share. |
| May 15, 2026 | other | First Solar reported results from its 2026 annual meeting, including the election of ten board directors. |
| Apr 30, 2026 | earnings | First Solar reported Q1 2026 net sales of $1.04 billion and net income per diluted share of $3.22. |
| Jul 30, 2026 | Guidance: adjusted_ebitda | 2.60 to 2.80 |
| Jul 30, 2026 | Guidance: adjusted_ebitda | 625.00 to 775.00 |
| Jul 30, 2026 | Guidance: capital_expenditures | 0.80 to 1.00 |
| Jul 30, 2026 | mda_quarterly | First Solar’s financial performance for the second quarter of 2026 reflects a strategic pivot toward domestic manufacturing, bolstered by the Inflation Reduction Act (IRA) and Section 45X advanced manufacturing production credits. Despite a 3.7% decline in net sales to $1.1 billion—driven by customer contract terminations—gross margin expanded significantly to 57.3%, aided by IEEPA tariff refunds and production credits. The company produced 4.3 GW and sold 3.7 GW of its proprietary thin-film cadmium telluride (CdTe) modules. Management is aggressively expanding U.S. capacity, including a sixth facility in South Carolina expected to begin operations in late 2026. This expansion is critical to mitigating risks from global supply chain imbalances and intense pricing competition from Chinese crystalline silicon manufacturers. The company is actively implementing its "CuRe" (copper replacement) technology to enhance module performance and bifaciality, while simultaneously researching perovskite thin-film technology. Key risks include evolving U.S. trade policies, such as Section 301 tariffs on imports from 60 countries, and potential legislative shifts like the "One Big Beautiful Bill" (OBBBA), which threatens to curtail energy tax credits. Additionally, the company faces ongoing legal disputes with customers and potential supply chain disruptions related to Chinese export controls on critical minerals like tellurium. |
| Apr 30, 2026 | mda_quarterly | First Solar reported a strong first quarter of 2026, with net sales rising 23.6% to $1.0 billion, driven by a 30.9% increase in module volume. Gross margin expanded to 46.6% from 40.8%, bolstered by lower logistics costs and a favorable sales mix of modules qualifying for Section 45X advanced manufacturing production credits. The company produced 4.3 GW and sold 3.8 GW of its proprietary cadmium telluride (CdTe) thin-film modules. Management continues to prioritize U.S. manufacturing, with a sixth facility expected to commence operations in the second half of 2026. Strategic R&D efforts are focused on the "CuRe" copper-replacement program, which enhances bifaciality and temperature coefficients, and the development of commercially scalable perovskite technology. Despite this growth, the company faces significant headwinds, including structural supply-demand imbalances, intense pricing competition from Chinese manufacturers, and evolving trade policies. Recent U.S. legislative shifts, such as the "One Big Beautiful Bill" (H.R.1), have introduced uncertainty regarding the long-term availability of clean energy tax credits. Additionally, China’s export controls on tellurium and rare earths pose potential supply chain risks. First Solar maintains a robust backlog of 47.9 GW, valued at $14.4 billion, providing visibility through 2030. |
Source: SEC EDGAR filing text and events; period Jul 30, 2026; filed Jul 30, 2026.
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