FSLR · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

FIRST SOLAR, INC. · 2026-10-29 · Importance 69 · Surprise 64

Net sales for the three months ended September 30, 2026 fell 22.8% year over year to $1,230.9 million, primarily because third-party module sales volume declined 22.0% and revenue from customer contract terminations was lower. For the nine months ended September 30, 2026, net sales decreased 5.8% to $3,331.4 million, reflecting lower revenue from contract terminations and a 1.4% decline in average selling price per watt. The nine-month average selling price decline was driven primarily by estimated payments to customers for IEEPA tariff refunds and other sales price adjustments.

Key facts

• For the three months ended September 30, 2026, First Solar’s net sales decreased primarily because third-party module sales volume fell 22.0% and revenue associated with customer contract terminations was lower. source
• First Solar’s nine-month 2026 net sales were reduced by a 1.4% decrease in average selling price per watt, primarily driven by estimated customer payments for IEEPA tariff refunds and other sales-price adjustments. source