First Solar Q4 EPS Misses by 7.2% as Revenue Beats, Guides Flat 2026 Sales
First Solar posted Q4 EPS of $4.84, missing estimates by 7.2%, while revenue rose to $1.68 billion, an 11% year-over-year increase that topped forecasts by 7%. It reported record full-year 2025 net income and guided 2026 sales to match 2025 levels.
1. Q4 Earnings and Revenue
First Solar delivered Q4 adjusted earnings per share of $4.84 versus consensus of $5.22, a 7.2% miss. Quarterly revenue reached $1.68 billion, up 11% from $1.51 billion a year earlier and 7% above analyst projections.
2. 2025 Record Profit
The company achieved its highest-ever full-year net income for 2025, driven by robust module shipments and improving operational margins. This record profit reflects accelerating demand and cost efficiencies across its manufacturing footprint.
3. 2026 Sales Guidance
Management forecast 2026 sales to remain roughly flat compared with 2025, indicating stabilized deployment volumes. The guidance underscores a transition to steady-state growth as new capacity comes online and project backlogs normalize.