First Solar said net sales for Q3 2026 were $1.23 billion, down 23% from a year earlier, and diluted earnings per share were $5.30, up from $4.24 a year earlier. The company cited a decrease in the volume of modules sold to third parties as the main reason for the sales decline.

1. 01

   First Solar said net sales for Q3 2026 were $1.23 billion, down 23% from a year earlier, and diluted earnings per share were $5.30, up from $4.24 a year earlier. The company cited a decrease in the volume of modules sold to third parties as the main reason for the sales decline.

2. 02

   The company said net income for Q3 2026 was $571 million ($456 million a year earlier), and Adjusted EBITDA was $744 million ($671 million a year earlier). Its net income margin was 46%, and its Adjusted EBITDA margin was 60%.

3. 03

   The company said its net cash balance decreased from $2.4 billion on December 31, 2025 to $1.5 billion on September 30, 2026. It cited working-capital needs and capital expenditures primarily for its U.S. facilities as factors, and said operating cash flow for the 9 months was an outflow of $(402,714) thousand.

4. 04

   The company said its board of directors authorized a share repurchase program of up to $500 million in common stock. The company explained that the program has no expiration date, may be suspended or discontinued at any time, and does not obligate it to buy any specific amount of shares.

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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