First Solar's results for Q3 2026 (ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-10-29. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $1,231 million (−22.8% vs a year earlier) |
| Diluted EPS (GAAP) | $5.30 |
| Full-year guidance | Lowered |
Guidance
Cut 2026 net sales to $4.6–4.9B (from $4.9–5.2B), volume to 16.0–17.0 GW, adjusted EBITDA to $2.55–2.75B; gross profit unchanged.
Why this label: Prior vs Current table: net sales $4.6-4.9B vs $4.9-5.2B and adjusted EBITDA $2.55-2.75B vs $2.6-2.8B; gross profit unchanged; nothing core up.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| net sales | FY2026 | $4.6B–$4.9B | $4.9B–$5.2B |
| volume sold | FY2026 | 16.0–17.0 GW | 17.0–18.2 GW |
| adjusted EBITDA | FY2026 | $2.55B–$2.75B | $2.6B–$2.8B |
| gross profit | FY2026 | $2.4B–$2.6B | $2.4B–$2.6B |
| operating expenses | FY2026 | $610M–$635M | $610M–$635M |
| capital expenditures | FY2026 | $0.6B–$0.8B | $0.8B–$1.0B |
| net cash balance (year-end) | FY2026 | $1.7B–$2.3B | $1.7B–$2.3B |
Next-quarter outlook:
| Metric | Period | Range |
|---|---|---|
| module sales volume | Q4 2026 | 4.3–5.3 GW (3.4–4.3 GW from U.S. operations) |
| adjusted EBITDA | Q4 2026 | $643–$843 million |
From the release
Revenue: "Net sales were $1.23 billion for the third quarter of 2026, a 23% decrease compared to the third quarter of 2025, driven primarily by a decrease in the volume of modules sold to third parties."
Earnings per share: "The Company reported third quarter net income of $571 million, or $5.30 per diluted share, compared to $456 million, or $4.24 per diluted share, in the third quarter of 2025."
net sales: "Net Sales · $4.9B · to · $5.2B · $4.6B · to · $4.9B"
volume sold: "Volume Sold · 17.0GW · to · 18.2GW · 16.0GW · to · 17.0GW"
adjusted EBITDA: "Adjusted EBITDA (3) · $2.6B · to · $2.8B · $2.55B · to · $2.75B"
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: 2026 net sales guidance cut to $4.6–4.9B; Q3 net sales fell 23%.
Source
First Solar earnings release (SEC filing), accession 0001274494-26-000211, filed 2026-10-29.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.