FSLR
First SolarPrevious close
174.40
Change
−2.49 / −1.41%
P/E (TTM) ?
10.9
Market Cap
$18.5B
1M
−0.43%
S&P 500 −0.91% over same period
Volume / Avg Volume
3.5M / 2.0M
1.78× average
Latest earnings analysisFY2026 Q2Reported 2026-07-30
First Solar Q2 2026: margin surge, revenue dip, cash burn
First Solar's second quarter was a margin story, not a growth story: revenue slipped 3.7% to $1.06 billion while gross margin jumped to 57.3% and earnings per share rose to $3.92, beating the $2.89 consensus estimate. Management reaffirmed rather than raised full-year guidance, and cash fell to $1.7 billion. Read the quarter as high profitability on a shrinking top line, with the negative free cash flow the item to watch.
Read the full analysis →Revenue$1.06BYoY −3.70%
EPS$3.92Beatest. $2.89
Next-day move+2.44%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-30 | $1.1B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-30 | $1.0B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-24 | $5.2B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-30 | $1.6B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-31 | $1.1B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-29 | $845M | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 5 of its 5-year rangeCheap
5-year range 10.9 – 103.3 · Median 18.0
No buybacks or dividends in the last four quarters
P/E (TTM)
10.9
P/B
1.8
P/S
3.5
PEG
0.34
Earnings Reaction
Over the last 6 reports, the stock moved ±8.1% on average on the first trading day after, rising 4 times
Most recent +2.44%
Volatility & Correlation
1-year beta 1.83 · Correlation with S&P 500 0.43High beta
Annualized volatility 54% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 7 · $3.8MNet selling $3.8M
- 10-01Gloeckler MarkusChief Technology OfficerSell$0.14M800 shares · Avg price 174.00
- 09-01Gloeckler MarkusChief Technology OfficerSell$0.16M800 shares · Avg price 200.00
- 08-17Sloan Samantha L.EVP, Corporate AffairsSell$0.03M127 shares · Avg price 222.95
- 08-11Dymbort Jason E.General Counsel and SecretarySell$0.92M3,700 shares · Avg price 249.38
- 08-04Gloeckler MarkusChief Technology OfficerSell$0.21M829 shares · Avg price 248.00
- 08-03Koralewski MichaelChief Supply Chain OfficerSell$1.6M7,000 shares · 2 trades · Avg price 221.51
- 08-03Gloeckler MarkusChief Technology OfficerSell$0.75M3,425 shares · 2 trades · Avg price 218.95
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 1.23 | −22.8% | 57.9% | 0.57 | 5.30 |
| FY2026 Q2 | 1.06 | −3.7% | 57.3% | 0.42 | 3.92 |
| FY2026 Q1 | 1.04 | +23.6% | 46.6% | 0.35 | 3.22 |
| FY2025 Q4 | 1.68 | +11.1% | 39.5% | 0.52 | 4.84 |
| FY2025 Q3 | 1.59 | +79.7% | 38.3% | 0.46 | 4.24 |
| FY2025 Q2 | 1.10 | +8.6% | 45.6% | 0.34 | 3.18 |
| FY2025 Q1 | 0.84 | +6.4% | 40.8% | 0.21 | 1.95 |
| FY2024 Q4 | 1.51 | +30.7% | 37.5% | 0.39 | 3.66 |
| FY2024 Q3 | 0.89 | +10.8% | 50.2% | 0.31 | 2.91 |
| FY2024 Q2 | 1.01 | +24.6% | 49.4% | 0.35 | 3.25 |
| FY2024 Q1 | 0.79 | +44.8% | 43.6% | 0.24 | 2.20 |
| FY2023 Q4 | 1.16 | +15.6% | 43.3% | 0.35 | 3.25 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| FSLR | 10.9 | −22.8% | 57.9% | −0.43% | Bullish |
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