First Solar Announces Second Quarter 2026 Financials

First Solar, Inc. announced financial results for the second quarter ended June 30, 2026, and reaffirmed its 2026 guidance.

“We delivered both record second-quarter and first-half sales volume and improved financial performance relative to the prior year,” said Mark Widmar, Chief Executive Officer. “We also surpassed 100 GW of cumulative module sales globally and ended the quarter with approximately 45.1 GW of contracted backlog extending through 2030, demonstrating continued demand for our differentiated technology platform, domestic manufacturing footprint and delivery certainty.”

Net sales were $1.06 billion for the second quarter of 2026, a 4% decrease compared to the second quarter of 2025, driven primarily by lower revenue associated with customer contract terminations, partially offset by an increase in the volume of modules sold to third parties.

The Company reported second quarter net income of $423 million, or $3.92 per diluted share, compared to $342 million, or $3.18 per diluted share, in the second quarter of 2025. Adjusted EBITDA was $644 million compared to $560 million in the second quarter of 2025.

Net cash balance decreased to $1.7 billion as of June 30, 2026, from $2.4 billion as of December 31, 2025, driven by seasonal working-capital needs and capital expenditures primarily for our South Carolina finishing facility.