First Solar (FSLR) official guidance

First Solar (FSLR) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.

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FSLRFIRST SOLAR, INC.FY2027 · ends 2027-12-31

3 metrics3 new

earnings call · 17h

2026-10-29 21:51:42 UTC2.2B – 2.6Bnew

Accordingly, India's finished good production in 2027 is expected to range from 2.2 gigawatt to 2.6 gigawatt.

FSLR · transcript · Q3 FY2026

2026-10-29 21:51:00 UTCOpen source

2026-10-29 21:51:42 UTC2.2B – 2.5Bnew

Together, these two phases are expected to result in 2027 South Carolina production of 2.2 to 2.5 gigawatt.

FSLR · transcript · Q3 FY2026

2026-10-29 21:51:00 UTCOpen source

2026-10-29 21:51:42 UTC$120Mnew

Note, our fully perovskite-related spend, originally forecasted approximately $100 million, is now expected to total approximately $120 million. This forecast increase in 2027 as we seek to advance this next-generation advanced technology.

FSLR · transcript · Q3 FY2026

2026-10-29 21:51:00 UTCOpen source

FSLRFIRST SOLAR, INC.FY2026 · ends 2026-12-31

3 metrics2 lowered1 new

earnings call · 17h

2026-10-29 21:51:42 UTC$2.1Bnew

If you look at this year's credit generation, the forecast is about 2.1 billion of credits to be generated this year.

FSLR · transcript · Q3 FY2026

2026-10-29 21:51:00 UTCOpen source

2026-10-29 20:04:19 UTC$600M – $800Mlowered -22.2%-31% – -8% vs FY2025

| Capital Expenditures | $0.8B | to | $1.0B | $0.6B | to | $0.8B |

FSLR · EX-99.1 · Q3 FY2026

2026-10-29 20:03:20 UTCOpen source

2026-07-30 20:04:53 UTC$800M – $1Bmaintained-8% – 15% vs FY2025

| Capital Expenditures | $0.8B | to | $1.0B | Unchanged |

FSLR · EX-99.1 · Q2 FY2026

2026-07-30 20:04:00 UTCOpen source

2026-04-30 20:05:23 UTC$800M – $1Bmaintained-8% – 15% vs FY2025

| Capital Expenditures | $0.8B | to | $1.0B | Unchanged |

FSLR · EX-99.1 · Q1 FY2026

2026-04-30 20:04:23 UTCOpen source

2026-02-25 05:02:06 UTC$800M – $1Bmaintained-8% – 15% vs FY2025

Capital expenditures in 2026 forecast to range from $0.8-1 billion.

FSLR · transcript · Q4 FY2025

2026-02-25 05:00:00 UTCOpen source

2026-02-24 21:10:49 UTC$800M – $1Bnew-8% – 15% vs FY2025

| Capital Expenditures | $0.8B | to | $1.0B |

FSLR · EX-99.1 · Q4 FY2025

2026-02-24 21:09:36 UTCOpen source

2026-10-29 20:04:19 UTC$2.5B – $2.8Blowered -1.9%

| Adjusted EBITDA(3) | $2.6B | to | $2.8B | $2.55B | to | $2.75B |

FSLR · EX-99.1 · Q3 FY2026

2026-10-29 20:03:20 UTCOpen source

2026-07-30 20:04:53 UTC$2.6B – $2.8Bmaintained

| Adjusted EBITDA(3) | $2.6B | to | $2.8B | Unchanged |

FSLR · EX-99.1 · Q2 FY2026

2026-07-30 20:04:00 UTCOpen source

2026-04-30 20:05:23 UTC$2.6B – $2.8Bmaintained

| Adjusted EBITDA(3) | $2.6B | to | $2.8B | Unchanged |

FSLR · EX-99.1 · Q1 FY2026

2026-04-30 20:04:23 UTCOpen source

2026-02-25 05:02:06 UTC$2.6B – $2.8Bmaintained

We forecast full-year adjusted EBITDA of $2.6-2.8 billion.

FSLR · transcript · Q4 FY2025

2026-02-25 05:00:00 UTCOpen source

2026-02-24 21:10:49 UTC$2.6B – $2.8Bnew

| Adjusted EBITDA(4) | $2.6B | to | $2.8B |

FSLR · EX-99.1 · Q4 FY2025

2026-02-24 21:09:36 UTCOpen source

FSLRFIRST SOLAR, INC.Q4 FY2026 · ends 2026-12-31

1 metric1 new

earnings release · 19h

2026-10-29 20:04:19 UTC$643M – $843Mnew

These factors are expected to result in forecasted fourth quarter Adjusted EBITDA between $643 million and $843 million.

FSLR · EX-99.1 · Q3 FY2026

2026-10-29 20:03:20 UTCOpen source

FSLRFIRST SOLAR, INC.FY2026 · ends 2026-12-31

1 metric1 maintained

earnings release · 19h

2026-10-29 20:04:19 UTC$2.4B – $2.6Bmaintained13.2% – 22.6% vs FY2025

| Gross Profit(1) | $2.4B | to | $2.6B | Unchanged | | |

FSLR · EX-99.1 · Q3 FY2026

2026-10-29 20:03:20 UTCOpen source

2026-07-30 20:04:53 UTC$2.4B – $2.6Bmaintained13.2% – 22.6% vs FY2025

| Gross Profit(1) | $2.4B | to | $2.6B | Unchanged |

FSLR · EX-99.1 · Q2 FY2026

2026-07-30 20:04:00 UTCOpen source

2026-04-30 20:05:23 UTC$2.4B – $2.6Blowered -2.0%13.2% – 22.6% vs FY2025

| Gross Profit(1) | $2.4B | to | $2.6B | Unchanged |

FSLR · EX-99.1 · Q1 FY2026

2026-04-30 20:04:23 UTCOpen source

2026-02-25 05:02:06 UTC$2.5B – $2.6Braised +2.0%17.9% – 22.6% vs FY2025

Gross margin is expected to be between $2.5-2.6 billion, or approximately 49.5%, which includes $2.1-2.19 billion of Section 45X tax credits and $115-155 million of ramp and underutilization costs.

FSLR · transcript · Q4 FY2025

2026-02-25 05:00:00 UTCOpen source

2026-02-24 21:10:49 UTC$2.4B – $2.6Bnew13.2% – 22.6% vs FY2025

| Gross Margin(2) | $2.4B | to | $2.6B |

FSLR · EX-99.1 · Q4 FY2025

2026-02-24 21:09:36 UTCOpen source

FSLRFIRST SOLAR, INC.Q4 FY2026 · ends 2026-12-31

2 metrics2 new

earnings release · 19h

2026-10-29 20:04:19 UTC3.4B – 4.3Bnew

From a fourth quarter earnings cadence perspective, we anticipate our module sales to be between 4.3 GW and 5.3 GW, including 3.4 GW to 4.3 GW from our U.S. manufacturing operations.

FSLR · EX-99.1 · Q3 FY2026

2026-10-29 20:03:20 UTCOpen source

2026-10-29 20:04:19 UTC4.3B – 5.3Bnew

From a fourth quarter earnings cadence perspective, we anticipate our module sales to be between 4.3 GW and 5.3 GW, including 3.4 GW to 4.3 GW from our U.S. manufacturing operations.

FSLR · EX-99.1 · Q3 FY2026

2026-10-29 20:03:20 UTCOpen source

FSLRFIRST SOLAR, INC.FY2026 · ends 2026-12-31

7 metrics5 lowered2 maintained

earnings release · 19h

2026-10-29 20:04:19 UTC$1.7B – $2.3Bmaintained

| Net Cash Balance(4) | $1.7B | to | $2.3B | Unchanged | | |

FSLR · EX-99.1 · Q3 FY2026

2026-10-29 20:03:20 UTCOpen source

2026-07-30 20:04:53 UTC$1.7B – $2.3Bmaintained

| Net Cash Balance(4) | $1.7B | to | $2.3B | Unchanged |

FSLR · EX-99.1 · Q2 FY2026

2026-07-30 20:04:00 UTCOpen source

2026-04-30 20:05:23 UTC$1.7B – $2.3Bmaintained

| Net Cash Balance(4) | $1.7B | to | $2.3B | Unchanged |

FSLR · EX-99.1 · Q1 FY2026

2026-04-30 20:04:23 UTCOpen source

2026-02-24 21:10:49 UTC$1.7B – $2.3Bnew

| Net Cash Balance(5) | $1.7B | to | $2.3B |

FSLR · EX-99.1 · Q4 FY2025

2026-02-24 21:09:36 UTCOpen source

2026-10-29 20:04:19 UTC$610M – $635Mmaintained

| Operating Expenses(2) | $610M | to | $635M | Unchanged | | |

FSLR · EX-99.1 · Q3 FY2026

2026-10-29 20:03:20 UTCOpen source

2026-07-30 20:04:53 UTC$610M – $635Mmaintained

| Operating Expenses(2) | $610M | to | $635M | Unchanged |

FSLR · EX-99.1 · Q2 FY2026

2026-07-30 20:04:00 UTCOpen source

2026-04-30 20:05:23 UTC$610M – $635Mmaintained

| Operating Expenses(2) | $610M | to | $635M | Unchanged |

FSLR · EX-99.1 · Q1 FY2026

2026-04-30 20:04:23 UTCOpen source

2026-02-25 05:02:06 UTC$610M – $635Mmaintained

SG&A and R&D expense combined is expected to total $500-515 million, and total operating expenses, which includes $110-120 million of production startup expense, expected to be between $610 million and $635 million.

FSLR · transcript · Q4 FY2025

2026-02-25 05:00:00 UTCOpen source

2026-02-24 21:10:49 UTC$610M – $635Mnew

| Operating Expenses(3) | $610M | to | $635M |

FSLR · EX-99.1 · Q4 FY2025

2026-02-24 21:09:36 UTCOpen source

2026-10-29 20:04:19 UTC$80M – $90Mlowered -10.5%

2.Assumes $80 million to $90 million of production start-up expense.

FSLR · EX-99.1 · Q3 FY2026

2026-10-29 20:03:20 UTCOpen source

2026-07-30 20:04:53 UTC$90M – $100Mlowered -17.4%

2.Assumes $90 million to $100 million of production start-up expense.

FSLR · EX-99.1 · Q2 FY2026

2026-07-30 20:04:00 UTCOpen source

2026-04-30 20:05:23 UTC$110M – $120Mmaintained

2.Assumes $110 million to $120 million of production start-up expense.

FSLR · EX-99.1 · Q1 FY2026

2026-04-30 20:04:23 UTCOpen source

2026-02-25 05:02:06 UTC$110M – $120Mmaintained

SG&A and R&D expense combined is expected to total $500-515 million, and total operating expenses, which includes $110-120 million of production startup expense, expected to be between $610 million and $635 million.

FSLR · transcript · Q4 FY2025

2026-02-25 05:00:00 UTCOpen source

2026-02-24 21:10:49 UTC$110M – $120Mnew

Assumes $110 million to $120 million of production start-up expense.

FSLR · EX-99.1 · Q4 FY2025

2026-02-24 21:09:36 UTCOpen source

2026-10-29 20:04:19 UTC$4.6B – $4.9Blowered -5.9%-11.9% – -6.1% vs FY2025

| Net Sales | $4.9B | to | $5.2B | $4.6B | to | $4.9B |

FSLR · EX-99.1 · Q3 FY2026

2026-10-29 20:03:20 UTCOpen source

2026-07-30 20:04:53 UTC$4.9B – $5.2Bmaintained-6.1% – -0.4% vs FY2025

| Net Sales | $4.9B | to | $5.2B | Unchanged |

FSLR · EX-99.1 · Q2 FY2026

2026-07-30 20:04:00 UTCOpen source

2026-04-30 20:05:23 UTC$4.9B – $5.2Bmaintained-6.1% – -0.4% vs FY2025

| Net Sales | $4.9B | to | $5.2B | Unchanged |

FSLR · EX-99.1 · Q1 FY2026

2026-04-30 20:04:23 UTCOpen source

2026-02-25 05:02:06 UTC$4.9B – $5.2Bmaintained-6.1% – -0.4% vs FY2025

Our net sales guidance is between $4.9-5.2 billion.

FSLR · transcript · Q4 FY2025

2026-02-25 05:00:00 UTCOpen source

2026-02-24 21:10:49 UTC$4.9B – $5.2Bnew-6.1% – -0.4% vs FY2025

| Net Sales | $4.9B | to | $5.2B |

FSLR · EX-99.1 · Q4 FY2025

2026-02-24 21:09:36 UTCOpen source

2026-10-29 20:04:19 UTC$2.1B – $2.2Blowered -0.7%

1.Assumes $2.07 billion to $2.19 billion of Section 45X tax credits and underutilization costs of $110 million to $120 million.

FSLR · EX-99.1 · Q3 FY2026

2026-10-29 20:03:20 UTCOpen source

2026-07-30 20:04:53 UTC$2.1B – $2.2Bmaintained

1.Assumes $2.10 billion to $2.19 billion of Section 45X tax credits and underutilization costs of $115 million to $135 million.

FSLR · EX-99.1 · Q2 FY2026

2026-07-30 20:04:00 UTCOpen source

2026-04-30 20:05:23 UTC$2.1B – $2.2Bmaintained

1.Assumes $2.10 billion to $2.19 billion of Section 45X tax credits and underutilization costs of $115 million to $155 million.

FSLR · EX-99.1 · Q1 FY2026

2026-04-30 20:04:23 UTCOpen source

2026-02-25 05:02:06 UTC$2.1B – $2.2Bmaintained

Gross margin is expected to be between $2.5-2.6 billion, or approximately 49.5%, which includes $2.1-2.19 billion of Section 45X tax credits and $115-155 million of ramp and underutilization costs.

FSLR · transcript · Q4 FY2025

2026-02-25 05:00:00 UTCOpen source

2026-02-24 21:10:49 UTC$2.1B – $2.2Bnew

Assumes $2.10 billion to $2.19 billion of Section 45X tax credits, and underutilization costs of $115 million to $155 million

FSLR · EX-99.1 · Q4 FY2025

2026-02-24 21:09:36 UTCOpen source

2026-10-29 20:04:19 UTC$110M – $120Mlowered -8.0%

1.Assumes $2.07 billion to $2.19 billion of Section 45X tax credits and underutilization costs of $110 million to $120 million.

FSLR · EX-99.1 · Q3 FY2026

2026-10-29 20:03:20 UTCOpen source

2026-07-30 20:04:53 UTC$115M – $135Mlowered -7.4%

1.Assumes $2.10 billion to $2.19 billion of Section 45X tax credits and underutilization costs of $115 million to $135 million.

FSLR · EX-99.1 · Q2 FY2026

2026-07-30 20:04:00 UTCOpen source

2026-05-01 04:01:37 UTC$115M – $155Mmaintained

If you go back to the original guide, we had $115 million-$155 million of underutilization costs.

FSLR · transcript · Q1 FY2026

2026-05-01 04:00:00 UTCOpen source

2026-04-30 20:05:23 UTC$115M – $155Mmaintained

1.Assumes $2.10 billion to $2.19 billion of Section 45X tax credits and underutilization costs of $115 million to $155 million.

FSLR · EX-99.1 · Q1 FY2026

2026-04-30 20:04:23 UTCOpen source

2026-02-24 21:10:49 UTC$115M – $155Mnew

Assumes $2.10 billion to $2.19 billion of Section 45X tax credits, and underutilization costs of $115 million to $155 million

FSLR · EX-99.1 · Q4 FY2025

2026-02-24 21:09:36 UTCOpen source

2026-10-29 20:04:19 UTC16B – 17Blowered -6.3%

| Volume Sold | 17.0GW | to | 18.2GW | 16.0GW | to | 17.0GW |

FSLR · EX-99.1 · Q3 FY2026

2026-10-29 20:03:20 UTCOpen source

2026-07-30 20:04:53 UTC17B – 18.2Bmaintained

| Volume Sold | 17.0GW | to | 18.2GW | Unchanged |

FSLR · EX-99.1 · Q2 FY2026

2026-07-30 20:04:00 UTCOpen source

2026-04-30 20:05:23 UTC17B – 18.2Bmaintained

| Volume Sold | 17.0GW | to | 18.2GW | Unchanged |

FSLR · EX-99.1 · Q1 FY2026

2026-04-30 20:04:23 UTCOpen source

2026-02-25 05:02:06 UTC17B – 18.2Bmaintained

Expected volume sold of 17-18.2 GW is above forecast production as we reduce inventory levels by year-end.

FSLR · transcript · Q4 FY2025

2026-02-25 05:00:00 UTCOpen source

2026-02-24 21:10:49 UTC17B – 18.2Bnew

| Volume Sold | 17.0GW | to | 18.2GW |

FSLR · EX-99.1 · Q4 FY2025

2026-02-24 21:09:36 UTCOpen source

FSLRFIRST SOLAR, INC.Q3 FY2026 · ends 2026-09-30

1 metric1 maintained

earnings call · 2026-07-31 04:00:44 UTC

2026-07-31 04:00:44 UTC$625M – $775Mmaintained

For the third quarter, we expect volumes sold between 3.9 GW-4.5 GW, and adjusted EBITDA between $625 million-$775 million.

FSLR · transcript · Q2 FY2026

2026-07-31 04:00:00 UTCOpen source

2026-07-30 20:04:53 UTC$625M – $775Mnew

These factors are expected to result in forecasted third quarter Adjusted EBITDA between $625 million and $775 million.

FSLR · EX-99.1 · Q2 FY2026

2026-07-30 20:04:00 UTCOpen source

FSLRFIRST SOLAR, INC.FY2026 · ends 2026-12-31

1 metric1 new

earnings call · 2026-07-31 04:00:44 UTC

2026-07-31 04:00:44 UTC$60M – $80Mnew

With that said, our guidance now assumes a net tariff impact of $60 million-$80 million, with updates including the previously mentioned net IEEPA recovery and the assumption of Section 301 tariffs in the second half of the year.

FSLR · transcript · Q2 FY2026

2026-07-31 04:00:00 UTCOpen source

FSLRFIRST SOLAR, INC.Q3 FY2026 · ends 2026-09-30

1 metric1 new

earnings call · 2026-07-31 04:00:44 UTC

2026-07-31 04:00:44 UTC3.9B – 4.5Bnew

For the third quarter, we expect volumes sold between 3.9 GW-4.5 GW, and adjusted EBITDA between $625 million-$775 million.

FSLR · transcript · Q2 FY2026

2026-07-31 04:00:00 UTCOpen source