First Solar, Inc. (FSLR) Earnings Call Transcripts

First Solar, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, First Solar, Inc. reported net sales of approximately $1.06 billion, a decrease of 4% year-over-year, primarily due to lower revenue from prior contract terminations. However, the company achieved a gross margin of 57%, up 12 percentage points from the previous year, driven by tariff-related benefits and a favorable product mix. Management maintained its full-year guidance, projecting a net tariff impact of $60 million to $80 million and expecting third-quarter volumes between 3.9 and 4.5 gigawatts, with adjusted EBITDA ranging from $625 million to $775 million.

Reported metrics

Guidance from management

Management maintained its full-year guidance, projecting a net tariff impact of $60 million to $80 million and expecting Q3 adjusted EBITDA between $625 million and $775 million.

What management said

And there's some history here, too. If you look back at the Section 201 tariffs and the exemption was put in face-by-facial technology. It was clear that, that exemption effectively gutted that provision. So I think the administration has seen how those exemptions can effectively underline what they're trying to do. If there's a belief that the 232 provides a need around the national security interest, it doesn't mak...

Maybe I'll just take that one. On the Southeast Asia, we're really waiting for the outcome of the 232. We would expect to evaluate that and have a view shortly thereafter. It doesn't necessarily mean that we will have an immediate action plan that relates to, say, a shutdown or a full capacity. But once we have a sense of where the policy is, it allow us to evaluate it. It will take a little bit of time, though, we w...

What analysts pressed on

Analysts expressed concerns regarding the impact of the Section 232 tariff investigations on international manufacturing and pricing strategies. There is also apprehension about potential demand sitting on the sidelines, waiting for policy clarity before committing to new contracts.

Main topics on the call

• Record Sales Volume — First Solar achieved record sales volume in both the second quarter and first half of 2026, with a contracted backlog of 45.1 gigawatts valued at $13.6 billion. CEO Mark Widmar stated, "We delivered both record second qu...
• Gross Margin Expansion — The gross margin expanded to approximately 57%, a significant increase attributed to an estimated $89 million net tariff-related benefit and a higher mix of modules qualifying for Section 45X tax credits. This improvemen...
• CuRe Technology Progress — Management highlighted the successful performance of the CuRe technology, stating that it exceeded expectations in both manufacturing and field deployments. This technology is expected to enhance customer value and finan...
• Policy Environment and Market Demand — The ongoing policy environment, particularly regarding Section 232 tariffs, remains a focal point for management. Widmar noted, "We believe First Solar remains well positioned to capitalize on these opportunities" as cus...

Read the full First Solar, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 34 First Solar, Inc. earnings call transcripts on record, spanning February 20, 2020 to July 30, 2026. Based on this history, First Solar, Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FSLR

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

34

First call

February 20, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly