First Solar, Inc. · FSLR · Next earnings

First Solar, Inc. reports Tuesday, Feb 23, 2027

FSLR reports after market close with consensus EPS at $5.27 and revenue at $1.48B. Last quarter: First Solar: Margin gains offset lower volume outlook

Reports After market close110 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $5.27 Calendar consensus
Consensus revenue $1.48B Calendar consensus
Report date Feb 23, 2027 Tuesday, date estimated
Session After market close 110 days away

Where FSLR left off: FY2026 Q3

Full report

First Solar: Margin gains offset lower volume outlook

EPS surprise +13.5% Reported $5.30 vs $4.67
Revenue surprise -4.5% Reported $1.23B vs $1.29B
Stock move -1.4% Event window
Subsequent drift 0.0% Up to 20 sessions

Full-year guidance was lowered for volume and EBITDA, with reduced India and U.S. sales forecasts cited in the analysis.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Policy implementation, FEOC guidance, tariff enforcement, and post-Section 232 price discovery could affect pricing and demand.
  • The Malaysia facility may be shut down or underutilized, while project permitting and local opposition could affect the pipeline.
  • Scaling perovskite technology, higher R&D spending, CuRe conversion, and new U.S. capacity create execution risk.
  • Competitive pressure from PERC and TOPCon technologies may affect market positioning.

Questions analysts left open

  • The timing and outcome of price discovery after the Section 232 announcement.
  • The composition and booking pace of backlog for 2029-2030.
  • The operational outcome for the Malaysia facility and the effect of increased perovskite R&D spending on cash flow.
  • Competitive pressure from PERC, TOPCon, and new U.S. capacity entrants.

Ask FN2 about FSLR next report

Transcript, numbers and history already loaded
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Recent FSLR quarters

All FSLR earnings
-1.4%FY2026 Q3+2.4%FY2026 Q2+4.9%FY2026 Q1-13.6%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

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.