First Solar Q1 net sales $1.04B (+24% YoY), EPS $3.22 (+65% YoY); reaffirms guidance

FIRST SOLAR, INC.

2026-Q1 EPS reported $3.22 revenue$1,044,240,000

Net sales $1.04B, +24% YoY; net income $347M ($3.22 diluted EPS, +65% YoY).
Adjusted EBITDA $520M, above top end of Q1 preview range; vs $379M in Q1 2025.
Net cash $2.0B (down from $2.4B at year-end) due to working capital and capex for SC finishing facility.
Contracted backlog 47.9 GW as of March 31, 2026.
Record Q1 revenue and record sales in India; 2026 guidance reaffirmed.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST SOLAR, INC. reported the first quarter ended March 31, 2026 results: revenue $1.04 billion, net income $347 million, EPS $3.22 per diluted share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2026
Revenue: $1.04 billion
Net income: $347 million
EPS: $3.22 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First Solar, Inc. (Nasdaq: FSLR) (the “Company”), America’s leading PV solar technology and manufacturing company, today announced financial results for the first quarter ended March 31, 2026 and reaffirmed its 2026 guidance. Net sales were $1.04 billion for the first quarter of 2026, a 24% increase compared to the first quarter of 2025, driven primarily by an increase in the volume of modules sold to third parties. The Company reported first quarter net income of $347 million, or $3.22 per diluted share, compared to $210 million, or $1.95 per diluted share, in the first quarter of 2025.

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Source: SEC EDGAR

accession 0001274494-26-000108

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