First Solar Q2 EPS $3.25 on sales $1.0B; maintains full-year guidance

FIRST SOLAR, INC.

2024-Q2 EPS reported $5.45 revenue$1,804,590,000

Net income per diluted share $3.25, up from $2.20 in Q1 2024; net sales $1.0B (+$0.2B QoQ).
Net cash balance $1.2B, decreased from $1.4B due to capex for new US factories and India loan repayment.
YTD net bookings 3.6 GW; 0.9 GW since last earnings call at ASP 31.6 cents/watt; backlog 75.9 GW.
Full-year 2024 guidance unchanged: EPS $13-14, net sales $4.4-4.6B, volume 15.6-16.3GW.

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