First Solar Cuts 2026 Revenue Guidance to $3.8B–$4.0B, Shares Plunge 10%
First Solar lowered its 2026 revenue guidance to $3.8B–$4.0B, missing the $4.2B analysts’ consensus, and shares fell about 10%. The forecast cut reflected project-timing delays and supply-chain constraints, heightening concerns over next year’s growth pace.
1. Guidance Revision Details
First Solar issued 2026 revenue guidance of $3.8 billion to $4.0 billion, falling short of the $4.2 billion average analyst projection. Management cited delays in project commissioning schedules and ongoing supply-chain constraints as the primary drivers for the lower-than-expected top-line outlook.
2. Market Reaction and Outlook
Following the guidance revision, the company’s share price declined roughly 10%, prompting several analysts to revise down price targets and margin forecasts. Investors are now focused on the firm’s ability to accelerate project deliveries and restore confidence in its growth trajectory for 2026.