First Solar Q4 EPS Misses by $0.30 as Revenue Jumps 8%, Guidance Disappoints
First Solar’s Q4 EPS of $4.84 missed estimates by $0.30 as revenue climbed 8% year-over-year to $1.68B on higher module volumes. Net sales for 2025 rose 24% to $5.2B, yet 2026 revenue guidance of $4.9B-$5.2B lags the $6.12B consensus; company also licensed patents with Oxford PV.
1. Fourth-Quarter Earnings and Revenue
First Solar reported Q4 EPS of $4.84, falling short of the $5.14 consensus by $0.30, while revenue increased 8% year-over-year to $1.68 billion, driven by a rise in module shipments.
2. Full-Year 2025 Performance
Net sales for fiscal 2025 reached $5.2 billion, up 24% from $4.2 billion in the prior year, reflecting stronger third-party module volume and the commissioning of its new Louisiana manufacturing facility.
3. 2026 Revenue Guidance
The company forecast 2026 revenue between $4.9 billion and $5.2 billion, significantly below the $6.12 billion analyst estimate, a gap that triggered an approximate 11% decline in the stock during extended trading.
4. Patent Licensing Agreement
First Solar entered into a U.S. patent licensing agreement with Oxford PV, securing rights to advanced photovoltaic technologies and strengthening its position in the American solar market.