FSLR · 8-K · 20261029PR000211

Guidance and Outlook

FIRST SOLAR, INC. · 2026-10-29 · Importance 63 · Surprise 60 · No source text

First Solar lowered its 2026 net sales guidance to $4.6 billion–$4.9 billion from $4.9 billion–$5.2 billion and volume-sold guidance to 16.0–17.0 GW from 17.0–18.2 GW. Adjusted EBITDA guidance decreased to $2.55 billion–$2.75 billion from $2.6 billion–$2.8 billion, while gross profit guidance of $2.4 billion–$2.6 billion and operating expense guidance of $610 million–$635 million were unchanged. Capital expenditure guidance was reduced to $600 million–$800 million from $800 million–$1.0 billion. The company forecast fourth-quarter module sales of 4.3–5.3 GW, including 3.4–4.3 GW from U.S. manufacturing operations, and Adjusted EBITDA of $643 million–$843 million.

Key facts

• First Solar lowered its 2026 net sales guidance from $4.9–$5.2 billion to $4.6–$4.9 billion. source
• First Solar lowered its 2026 Adjusted EBITDA guidance from $2.6–$2.8 billion to $2.55–$2.75 billion. source
• First Solar lowered its 2026 capital expenditures guidance from $0.8–$1.0 billion to $0.6–$0.8 billion. source
• First Solar lowered its 2026 volume sold guidance from 17.0–18.2 GW to 16.0–17.0 GW. source
• First Solar's 2026 gross profit guidance assumes $2.07–$2.19 billion of Section 45X tax credits and $110–$120 million of underutilization costs. source
• First Solar's 2026 Adjusted EBITDA guidance reflects approximately $201 million of addbacks for share-based compensation, Section 45X tax credit discounts, underutilization, and production start-up expenses. source
• First Solar forecast Q4 2026 Adjusted EBITDA of $643–$843 million. source
• First Solar's 2026 operating expenses guidance assumes $80–$90 million of production start-up expense. source

Impact estimates