First Solar Q2 FY26 net income per share rises 23% to $3.92; net sales fall 4% to $1.06 billion
Reuters2026/07/30 20:14- First Solar posted Q2 net sales of USD 1.06 billion, down 4% year over year.
- Net income rose 23% to USD 423 million, lifting diluted EPS to USD 3.92.
- Adjusted EBITDA (non-GAAP) totaled USD 644 million; gross and net cash balance was USD 1.7 billion at June 30.
- Contracted sales backlog reached 45.1 GW; management said cumulative module sales surpassed 100 GW globally.
- Reaffirmed 2026 outlook, including net sales of USD 4.9 billion-USD 5.2 billion; forecast Q3 adjusted EBITDA (non-GAAP) of USD 625 million-USD 775 million.
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