First Solar, Inc. · FSLR · Next earnings

First Solar, Inc. reports Thursday, Oct 29, 2026

FSLR reports after market close with consensus EPS at $4.59 and revenue at $1.28B. Last quarter: First Solar Posts Record Q1 Revenue as CURE Technology Launch Drives Margin Strength

Reports After market close39 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $4.59 Calendar consensus
Consensus revenue $1.28B Calendar consensus
Report date Oct 29, 2026 Thursday, date estimated
Session After market close 39 days away

Where FSLR left off: FY2026 Q1

Full report

First Solar Posts Record Q1 Revenue as CURE Technology Launch Drives Margin Strength

EPS surprise +6.3% Reported $3.22 vs $3.03
Revenue surprise +0.9% Reported $1.04B vs $1.03B
Stock move +4.9% Event window
Subsequent drift +43.1% Up to 20 sessions

Full-year 2026 guidance was maintained at $4.9-$5.2 billion in sales, approximately 49.5% gross margin including Section 45X credits, and $2.6-$2.8 billion in adjusted EBITDA. Q2 2026 expectations were set at 3.4-4.0 GW in module sales and $400-$500 million in adjusted EBITDA. Capex outlook remains stable. Management did not raise guidance despite the EPS and revenue beat, signaling ongoing caution around trade policy and international demand timing.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Section 232 steel/aluminum tariffs and potential Section 301 replacements could affect pricing and international bookings.
  • Policy and regulatory headwinds in the U.S. (FEOP rulemaking, IP litigation) and India (efficiency requirements) may constrain demand.
  • Underutilization and reduced throughput at Malaysia and Vietnam facilities continue to pressure costs.
  • Potential slowdown in Indian demand during Q2-Q3 2026.
  • Gross margins expected flat despite freight and warehousing savings, raising questions about pricing power.

Questions analysts left open

  • Why gross margins are expected to be flat despite freight and warehousing savings.
  • ASP trends and the magnitude of technology adders from CURE.
  • Utilization and demand outlook for Southeast Asian capacity.
  • Potential impact of upcoming tariff decisions on pricing and bookings.
  • Progress, cost, and scalability of the perovskite pilot line.

Ask FN2 about FSLR next report

Transcript, numbers and history already loaded
What should I watch for in FSLR's next earnings report?How did FSLR guide last quarter, and is consensus above or below that?Give me the bull and bear case going into FSLR earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Get the FSLR recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Recent FSLR quarters

All FSLR earnings
+4.9%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.