First Solar's Q2 Earnings Beat Estimates, Revenues Decrease Y/Y
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First Solar, Inc. FSLR reported second-quarter 2026 earnings of $3.92 per share, which beat the Zacks Consensus Estimate of $2.74 by 43.1%. The bottom line increased 23.3% from $3.18 in the year-ago quarter, aided by gross-margin expansion and a stronger mix of U.S.-made modules. FSLR's Sales Update Net sales of $1.06 billion missed the consensus estimate of $1.061 billion by 0.4% and declined 3.7% year over year. Contracted backlog stood at 45.1 gigawatts, valued at about $13.6 billion, through 2030. First Solar, Inc. Price, Consensus and EPS Surprise First Solar, Inc. price-consensus-eps-surprise-chart | First Solar, Inc. Quote Operational Highlights of FSLR In the second quarter, the company's gross profit was $605 million, which rose 21% from $499.9 million in the year-ago quarter. Total operating expenses jumped 11.8% year over year to $154.6 million. FSLR reported an operating income of $450.4 million compared with $361.6 million in the year-ago quarter. Financial Performance of First Solar First Solar had $1.69 billion in cash and cash equivalents as of June 30, 2026, down from $2.80 billion as of Dec. 31, 2025. The company had no long-term debt as of the same date compared with $282.6 million as of Dec. 31, 2025. Net cash used in operating activities amounted to $359.8 million during the first six months of 2026 compared with $458.4 million in the year-ago period...
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