secwatch.observer — SEC 8-K summary
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Issuer:     FIRST SOLAR, INC. (FSLR)
CIK:        0001274494
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001274494-22-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Solar Q2 net sales $621M, EPS $0.52; cuts FY22 guidance on Chile impairment and Yen
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1274494/000127449422000032/0001274494-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1274494/000127449422000032/fslr-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001274494-22-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer