FIRST SOLAR, INC. — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 52/100
What the filing says
First Solar reported Q3 2026 net sales of $1.23B (down 23% YoY) driven by lower module volumes, but net income per diluted share rose to $5.30 (up 25% YoY) with Adjusted EBITDA of $744M (up 11% YoY). The board authorized a $500 million share repurchase program. Full-year 2026 guidance was lowered: net sales to $4.6B–$4.9B (from $4.9B–$5.2B), volume to 16.0–17.0 GW (from 17.0–18.2 GW), Adjusted EBITDA to $2.55B–$2.75B (from $2.6B–$2.8B). Net cash balance fell to $1.5B from $2.4B at year-end 2025 due to working capital and capex.
Why this rating
Lower revenue guidance and reduced shipment expectations are material headwinds. However, strong profitability (EPS +25%), $1.5B net cash, and $500M buyback signal confidence. Event is moderate—not transformational but a meaningful revision relative to $17.7B market cap.
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