---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-019623"
form_type: "8-K"
ticker: "FSLR"
cik: "0001274494"
company_name: "FIRST SOLAR, INC."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:14:46.848612+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First Solar Q1 net sales $794M, EPS $2.20; guides FY24 net cash to $600-900M, capex $1.8-2.0B

## Summary
- Net sales $794M (down $0.4B QoQ); diluted EPS $2.20 (vs $3.25 Q4 2023).
- Net cash balance $1.4B, down from $1.6B; FY24 net cash guidance lowered to $600-900M.
- Capital expenditure guidance raised to $1.8-2.0B from $1.7-1.9B for capacity expansions in AL, LA, OH.
- YTD net bookings 2.7 GW at ASP 31.3¢/W (excl adjusters); total backlog 78.3 GW.
- Full-year P&L guidance unchanged: net sales $4.4-4.6B, EPS $13.00-14.00, volume 15.6-16.3GW.

## SEC filing metadata
- accession: 0001628280-24-019623
- form_type: 8-K
- ticker: FSLR
- cik: 0001274494
- company_name: FIRST SOLAR, INC.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1274494/000162828024019623/0001628280-24-019623-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1274494/000162828024019623/fslr-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-019623
- JSON: https://secwatch.observer/filing/0001628280-24-019623.json
- Plain text: https://secwatch.observer/filing/0001628280-24-019623.txt

## Key facts
- Earnings Releases
  FIRST SOLAR, INC. reported first quarter ended March 31, 2024 results: revenue $794 million, net income $2.20 per diluted share, EPS $2.20. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $794 million
  - Net income: $2.20 per diluted share
  - EPS: $2.20
  - Guidance: reaffirmed
  - Result: reported results
  source text: 99.1) --- EX-99.1 2 ex991pressreleaseq1-2024.htm EXHIBIT 99.1 Document EXHIBIT 99.1 News Release First Solar, Inc. Announces First Quarter 2024 Financial Results • Net sales of $794 million • Net income per diluted share of $2.20 • Net cash balance of $1.4 billion • Maintain full-year 2024 P&L guidance • YTD net bookings of 2.7 GW with an average selling price
  evidence_url: https://www.sec.gov/Archives/edgar/data/1274494/000162828024019623/0001628280-24-019623-index.htm

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