FSLR · 10-Q · 2026Q3 · Full report

Liquidity and Cash Position

FIRST SOLAR, INC. · 2026-10-29 · Importance 70 · Surprise 56 · Matches filing data

Cash, cash equivalents, and marketable securities totaled $1.6 billion at September 30, 2026, down from $2.9 billion at December 31, 2025. The decline primarily reflected higher supplier payments, purchases of property, plant and equipment for U.S. facilities, and debt repayment. Foreign subsidiaries held $0.4 billion of these funds at September 30, 2026, compared with $0.5 billion at year-end 2025. In May 2026, First Solar prepaid the remaining $328.2 million principal and $5.5 million of interest on its India Credit Facility; the company stated that available liquidity and customer contracts were expected to cover working capital and capital expenditure needs for at least 12 months.

Key facts

• As of September 30, 2026, First Solar had $1.6 billion in cash, cash equivalents, and marketable securities, down from $2.9 billion at December 31, 2025. source
• As of September 30, 2026, First Solar expected cash, cash equivalents, marketable securities, operating cash flows, and customer contracts for future module sales to cover working capital and capital expenditure needs for at least the next 12 months. source
• Cash, cash equivalents, restricted cash, and restricted cash equivalents decreased by $1.221091 billion in the nine months ended September 30, 2026, compared with an increase of $363.741 million in 2025. source
• Foreign subsidiaries held $0.4 billion of First Solar's cash, cash equivalents, and marketable securities at September 30, 2026, versus $0.5 billion at December 31, 2025. source
• The decrease in cash, cash equivalents, and marketable securities was primarily driven by higher supplier payments, U.S. facility property, plant and equipment purchases, and debt repayment. source

Impact estimates