Jul. 31 at 2:30 AM
First Solar reported a strong Q2 2026 earnings beat, with adjusted EPS of
$3.92 topping analyst estimates of
$3.01 by 30%, while revenue of
$1.06 billion met expectations. The company’s profitability improved significantly, with gross margin expanding to approximately 57%, up about 12 percentage points year over year.
Margin growth was driven by benefits from IEEPA tariff provisions, increased eligibility for Section 45X advanced manufacturing tax credits, and lower logistics costs. These factors highlighted First Solar’s competitive advantage as the largest U.S.-based solar panel manufacturer. The company also reported a robust
$13.6 billion backlog, providing strong visibility into future demand.
First Solar reaffirmed its full-year 2026 outlook, although its revenue forecast of
$5.05 billion came in slightly below Wall Street’s
$5.08 billion consensus. Investors focused instead on the strong earnings performance, margin expansion, and healthy order book.
$FSLR