8-KItem 2.02 · Results of OperationsItem 8.01 · Other EventsItem 9.01 · Financial Statements
First Solar authorizes $500 million buyback as it cuts 2026 sales guidance
Filed with the SEC on · Summarized by InvestorsBot
First Solar authorized a $500 million share repurchase program on October 29, 2026, with no expiration date and no obligation to buy shares. For the third quarter ended September 30, net sales fell 23% year over year to $1.23 billion, while diluted EPS rose 25% to $5.30 and adjusted EBITDA increased 11% to $744 million; the company lowered its 2026 sales guidance to $4.6 billion-$4.9 billion and volume forecast to 16.0-17.0 GW, while maintaining its gross profit, operating expense and net cash outlook ranges.