earnings
confidence high
sentiment negative
materiality 0.75
First Solar Q2 net sales $621M, EPS $0.52; cuts FY22 guidance on Chile impairment and Yen
FIRST SOLAR, INC.
2022-Q2 EPS reported
$0.12
revenue$987,995,000
- Net sales $621M (up $254M QoQ); diluted EPS $0.52 vs -$0.41 prior quarter.
- Net bookings 27.1 GW YTD including 10.4 GW since April call at base ASP $0.301/W; backlog 44 GW.
- Cash & marketable securities $1.9B, up $0.3B QoQ, from Japan project platform sale.
- FY22 guidance lowered: EPS -$0.25 to $0.25 (prev $0.00-$0.60); op income $5M-$70M.
- Guidance hit by $40-50M Chile asset impairment and Yen devaluation; shipments unchanged 8.9-9.4 GW.