First Solar, Inc. (FSLR) Financials
Key financial figures for First Solar, Inc. (Q3 2026).
First Solar Q3 2026 net sales fell 23% to $1.23 billion on lower module volume, yet diluted EPS rose 25% to $5.30; full-year net sales and volume guidance was cut and a $500 million buyback authorized. Net sales were $1.23 billion, down 23% from $1.59 billion a year earlier, which the release attributes primarily to fewer modules sold to third parties; the 10-Q puts volume sold at 4.1 GW versus 5.3 GW in Q3 2025. Net income was $571 million, or $5.30 per diluted share, versus $456 million, or $4.24, a year earlier; gross profit rose to $713 million from $611 million and operating income to $546 million from $466 million. Income tax was a $5.0 million benefit versus a $4.4 million expense. On the outlook: Updated 2026 guidance (prior in parentheses): volume sold 16.0 to 17.0 GW (17.0 to 18.2 GW); net sales $4.6B to $4.9B ($4.9B to $5.2B); adjusted EBITDA $2.55B to $2.75B ($2.6B to $2.8B); capital expenditures $0.6B to $0.8B ($0.8B to $1.0B); gross profit $2.4B to $2.6B, operating expenses $610M to $635M and net cash balance $1.7B to $2.3B unchanged. Fourth quarter cadence: module sales of 4.3 GW to 5.3 GW and adjusted EBITDA of $643M to $843M. Figures are for Q3 2026, as First Solar, Inc. reported them.
- Revenue
- $1.2B
- Net Income
- $571M
- EPS
- $5.31
- Total Assets
- $14.0B
- Operating Cash Flow
- -$43M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $1.2B | $571M | $5.30 | 44.37% | -$198M |
| Q2 FY2026 | $1.1B | $423M | $3.92 | 42.64% | -$306M |
| Q1 FY2026 | $1.0B | $347M | $3.22 | 33.07% | -$333M |
| Q4 FY2025 | $1.7B | $521M | $4.84 | 32.56% | $1.1B |
| Q3 FY2025 | $1.6B | $456M | $4.24 | 29.22% | $1.1B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $5.2B | $1.5B | $14.21 | 30.59% | $1.2B |
| FY2024 | $4.2B | $1.3B | $12.02 | 33.15% | -$308M |
| FY2023 | $3.3B | $831M | $7.74 | 25.83% | -$785M |
Frequently asked questions
What was First Solar, Inc.'s revenue last quarter?
First Solar, Inc. reported revenue of $1.23 billion for Q3 FY2026, down 22.8% from the same period a year earlier.
Is First Solar, Inc. profitable?
Yes. First Solar, Inc. reported net income of $571.1 million for Q3 FY2026, a net margin of 46.39% on revenue.
How has First Solar, Inc.'s margin trended?
Operating margin was 44.37% in Q3 FY2026, compared with 29.22% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did First Solar, Inc. generate?
First Solar, Inc. generated free cash flow of -$197.8 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for First Solar, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.