---
schema_version: "secwatch.filing_event.v1"
accession: "0001274494-24-000037"
form_type: "8-K"
ticker: "FSLR"
cik: "0001274494"
company_name: "FIRST SOLAR, INC."
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T08:55:04.235569+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# First Solar Q3 earns $2.91/sh; cuts FY2024 net sales guidance to $4.1-4.25B, volume to 14.2-14.6GW

## Summary
- Net sales $0.9B, down from prior quarter; net diluted EPS $2.91 vs $3.25 Q2, impacted by $50M product warranty reserve charge.
- Net cash balance fell to $0.7B from $1.2B, driven by capex for new US factories in Alabama and Louisiana and working capital.
- FY2024 guidance cut: net sales $4.1-4.25B (from $4.4-4.6B), volume sold 14.2-14.6GW (from 15.6-16.3GW).
- YTD net bookings total 4.0 GW; expected sales backlog stands at 73.3 GW.
- CEO cites industry volatility and political uncertainty ahead of US elections as key headwinds.

## SEC filing metadata
- accession: 0001274494-24-000037
- form_type: 8-K
- ticker: FSLR
- cik: 0001274494
- company_name: FIRST SOLAR, INC.
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1274494/000127449424000037/0001274494-24-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1274494/000127449424000037/fslr-20241029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001274494-24-000037
- JSON: https://secwatch.observer/filing/0001274494-24-000037.json
- Plain text: https://secwatch.observer/filing/0001274494-24-000037.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.