First Solar Q2 FY26 net income per share rises 23% to $3.92; net sales fall 4% to $1.06 billion
FSLR•Outlook reaffirmed for 2026 and Q3
First Solar reaffirmed its 2026 outlook, including net sales of $4.9 billion to $5.2 billion.
The company forecast Q3 adjusted EBITDA (non-GAAP) of $625 million to $775 million.
Backlog and cumulative module sales
Contracted sales backlog reached 45.1 GW; management said cumulative module sales surpassed 100 GW globally.
Q2 results show higher profit despite lower sales
First Solar posted Q2 net sales of $1.06 billion, down 4% year over year.
Net income rose 23% to $423 million, lifting diluted EPS to $3.92.
Adjusted EBITDA (non-GAAP) totaled $644 million; gross and net cash balance was $1.7 billion at June 30.
