The company said net sales for Q1 2026 were $1.04 billion, up 24% from Q1 2025, and diluted net income per share rose 65% to $3.22. It cited higher volume of modules sold to third parties as the main driver of the sales increase.

1. 01

   The company said net sales for Q1 2026 were $1.04 billion, up 24% from Q1 2025, and diluted net income per share rose 65% to $3.22. It cited higher volume of modules sold to third parties as the main driver of the sales increase.

2. 02

   First Solar said net income for Q1 2026 was $347 million and Adjusted EBITDA was $520 million. For Q1 2025, net income was $210 million and Adjusted EBITDA was $379 million.

3. 03

   The company said net cash balance fell from $2.4 billion as of December 31, 2025 to $2.0 billion as of March 31, 2026, citing seasonal working-capital needs and capital expenditures for its South Carolina finishing facility. It said it maintained its 2026 net cash balance outlook of $1.7B to $2.3B unchanged.

4. 04

   The company said it expects module sales of 3.4 GW to 4.0 GW in Q2 2026 and Section 45X tax credits of $330 million to $400 million. As a result, it said it expects Adjusted EBITDA for Q2 of $400 million to $500 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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