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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for First Solar (FSLR) is 9/10.
First Solar delivered record Q1 revenue of $1 billion, up 24% year-over-year, with EPS of $3.22 surging 65% as CuRe modules began fleet rollout and India achieved record quarterly sales of 1 GW. Adjusted EBITDA of $520 million exceeded the high end of the quarterly preview, and the ITC instituted a Section 337 investigation against major TOPCon importers. Full-year 2026 guidance remained unchanged at $2.6-$2.8 billion EBITDA with Southeast Asia at significantly reduced utilization pending Section 232 decision.
Scored from First Solar’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.51B | +30.7% | $3.65 | +12.3% | 37.5% | 30.2% | 26.0% | $497M |
| FY2025 Q1 | $845M | +6.4% | $1.95 | -11.4% | 42.4% | 26.2% | 24.8% | $-814M |
| FY2025 Q2 | $1.10B | +8.6% | $3.18 | -2.2% | 45.6% | 33.0% | 31.2% | $-139M |
| FY2025 Q3 | $1.59B | +79.7% | $4.24 | +45.7% | 38.3% | 29.2% | 28.6% | $1.07B |
| FY2025 Q4 | $1.68B | +11.1% | $4.84 | +32.6% | 39.5% | 32.6% | 31.0% | $1.07B |
| FY2026 Q1 | $1.04B | +23.6% | $3.22 | +65.1% | 46.5% | 33.1% | 33.2% | $-333M |
| FY2026 Q2 | $1.06B | -3.7% | $3.92 | +23.3% | 57.3% | 42.6% | 40.0% | $-306M |