First Solar Q2 EPS $3.18 on $1.1B sales; guides FY EPS $13.50-$16.50

FIRST SOLAR, INC.

2025-Q2 EPS reported $5.13 revenue$1,941,738,000

Q2 net sales $1.1B (+$0.3B QoQ); net income per diluted share $3.18 (vs $1.95 Q1).
Net cash balance increased to $0.6B from $0.4B; sold $312M of Section 45X credits for $296M proceeds.
Booked 2.1 GW in July 2025; total backlog 64.0 GW extending through 2030.
FY 2025 guidance: net sales $4.9B-$5.7B (prior $4.5B-$5.5B); EPS $13.50-$16.50 (prior $12.50-$17.50).
Q3 EPS forecast $3.30-$4.70 on module sales of 5.0-6.0 GW.

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