First Solar reports higher Q2 profit and reaffirms 2026 guidance
Filed with the SEC on · Summarized by InvestorsBot
First Solar reported second-quarter 2026 net sales of $1.06 billion, down 4% year over year, while diluted EPS rose 23% to $3.92, net income reached $423 million, and adjusted EBITDA increased to $644 million. The company reaffirmed its 2026 guidance, including $4.9 billion to $5.2 billion in sales and $2.6 billion to $2.8 billion in adjusted EBITDA; net cash was $1.7 billion at June 30, and contracted backlog totaled 45.1 GW through 2030.