Q2 2026
EPS
$3.92
est $2.82+39.1%
Revenue
$1.06B
est $1.06B-0.6%
First Solar smashed EPS expectations by 39% as gross margins swelled to 42% from 36% year-over-year, with a 61% adjusted EBITDA margin offset only by customer contract cancellations that held revenue slightly below consensus. The solar maker reaffirmed full-year guidance targeting $4.9B to $5.2B in sales and $2.6B to $2.8B adjusted EBITDA, anchored by $2.1B to $2.2B in Section 45X tax credits and a 45.1 GW sales backlog locked through 2030.
