First Solar, Inc. FSLR reported second-quarter 2026 earnings of $3.92 per share, which beat the Zacks Consensus Estimate of $2.74 by 43.1%. The bottom line increased 23.3% from $3.18 in the year-ago quarter, aided by gross-margin expansion and a stronger mix of U.S.-made modules.
FSLR’s Sales Update
Net sales of $1.06 billion missed the consensus estimate of $1.061 billion by 0.4% and declined 3.7% year over year.
Contracted backlog stood at 45.1 gigawatts, valued at about $13.6 billion, through 2030.
First Solar, Inc. Price, Consensus and EPS Surprise
First Solar, Inc. price-consensus-eps-surprise-chart | First Solar, Inc. Quote
Operational Highlights of FSLR
In the second quarter, the company’s gross profit was $605 million, which rose 21% from $499.9 million in the year-ago quarter.
Total operating expenses jumped 11.8% year over year to $154.6 million.
FSLR reported an operating income of $450.4 million compared with $361.6 million in the year-ago quarter.
Financial Performance of First Solar
First Solar had $1.69 billion in cash and cash equivalents as of June 30, 2026, down from $2.80 billion as of Dec. 31, 2025.
The company had no long-term debt as of the same date compared with $282.6 million as of Dec. 31, 2025.
Net cash used in operating activities amounted to $359.8 million during the first six months of 2026 compared with $458.4 million in the year-ago period.
First Solar’s 2026 Guidance
FSLR still expects its sales to be in the range of $4.9-$5.2 billion. The Zacks Consensus Estimate for sales is pegged at $5.07 billion, which lies above the midpoint of the company’s guided range.
First Solar still expects gross profit to be in the band of $2.4-$2.6 billion. Its operating expenses are anticipated to be in the $610-$635 million range.
First Solar projects module shipments to be in the band of 17-18.2 gigawatts. The company expects its 2026 capital expenditure to be in the range of $0.8-$1 billion.
FSLR’s Zacks Rank
First Solar currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Solar Release
Enphase Energy, Inc. ENPH reported second-quarter 2026 adjusted earnings of 46 cents per share, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 33.3% from 69 cents in the prior-year quarter.
Enphase Energy’s second-quarter revenues of $291.9 million missed the Zacks Consensus Estimate of $295 million by 1%. The top line also decreased 19.6% from the prior-year quarter’s reported figure of $363.2 million.
Upcoming Solar Releases
SolarEdge Technologies, Inc. SEDG is slated to report second-quarter 2026 results on Aug. 5, before market open. The Zacks Consensus Estimate for SEDG’s second-quarter earnings is pegged at four cents per share.
The Zacks Consensus Estimate for SEDG’s second-quarter sales is pegged at $341.7 million, implying a year-over-year improvement of 18%.
Array Technologies ARRY is slated to report second-quarter 2026 results on Aug. 5, after market close. The Zacks Consensus Estimate for ARRY’s second-quarter earnings is pegged at 11 cents per share.
The Zacks Consensus Estimate for ARRY’s second-quarter sales is pegged at $323.8 million.
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Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report
Array Technologies, Inc. (ARRY) : Free Stock Analysis Report
SolarEdge Technologies, Inc. (SEDG) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
