Form 8-K · Current report
First Solar 8-K, filed Oct 29, 2026
- Filed
- CIK
- 0001274494
- Accession no.
- 0001274494-26-000211
Summary
First Solar reported third-quarter 2026 net sales of $1.23 billion, down 23% year-over-year, with net income of $571 million ($5.30 per diluted share) and Adjusted EBITDA of $744 million, while lowering its full-year 2026 volume and net sales guidance and authorizing a $500 million share repurchase program. CEO Mark Widmar said Section 232 represents a structural change in U.S. solar manufacturing policy and that the company believes its non-Chinese supply chain positions it to benefit.
Key points
- Third-quarter net sales fell 23% year-over-year to $1.23 billion, driven primarily by lower module volume sold to third parties.
- Net income rose to $571 million, or $5.30 per diluted share, from $456 million, or $4.24 per diluted share, a year earlier; Adjusted EBITDA rose 11% to $744 million.
- Full-year 2026 guidance was lowered to 16.0–17.0 GW volume sold and $4.6–4.9 billion net sales, from 17.0–18.2 GW and $4.9–5.2 billion.
- Contracted sales backlog was 44.0 GW as of September 30, 2026, and the net cash balance fell to $1.5 billion from $2.4 billion at December 31, 2025.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02. Results of Operations and Financial Condition On October 29, 2026, First Solar, Inc. (the “Company”) is issuing a press release and holding a conference call regarding its financial results for the third quarter ended September 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K. The information in this Form 8-K and in Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the…
An excerpt of the text as filed with the SEC, cut for length.
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