Short answer
First Solar (FSLR) filed its Q2 2026 10-Q quarterly report on Jul 30, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $1.1B (down 3.7% year over year) with net income of $423M.
Q2 2026 key financials · XBRL
- Revenue
- $1.1B
- −3.7% YoY · +1.1% QoQ
- Net income
- $423M
- +23.6% YoY · +21.9% QoQ
- Operating margin
- 42.6%
- Gross margin
- 57.3%
- EPS (diluted)
- $3.92
- +23.3% YoY · +21.7% QoQ
Source: XBRL data from the First Solar (FSLR) Q2 2026 10-Q on SEC EDGAR. USD.
First Solar Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net sales $1.1B, down 3.7% YoY from Q2 2025, despite third-party module volume up 5.3%
- Gross margin 57.3% vs 45.6% YoY, up 11.7 percentage points
- Modules sold 3.7 GW vs 3.6 GW YoY; production 4.3 GW vs 4.2 GW
- India Credit Facility fully repaid: $328.2M principal and $5.5M interest
- Headwinds: international Series 6 production reductions, tariffs, supply-demand imbalance, and reduced energy-credit availability
Risk Factors
- Newly added policy risk: “One Big Beautiful Bill” accelerated termination of certain energy tax credits on July 4, 2025
- Most material regulatory change: Section 301 tariffs of 10% on Malaysia, India, and EU imports and 12.5% on China and Vietnam
- Competitive legal risk: TOPCon patent litigation expanded to Trina Solar on February 27, 2026
- Near-term market risk: potential Section 232 tariffs on polysilicon, critical minerals, robotics, and industrial machinery
- Financial risk: international-facility underutilization could trigger impairment charges and increase selling costs
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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