FSLR · 10-Q · 2026Q3 · Full report

Order Backlog and Book-to-Bill

FIRST SOLAR, INC. · 2026-10-29 · Importance 33 · Surprise 24 · In source text

As of September 30, 2026, First Solar had customer contracts for 44.0 GW of future module sales at an aggregate transaction price of $13.5 billion, with revenue expected to be recognized through 2030 as modules are delivered. The contracted volume excludes Indian customer contracts for which payment has not been fully secured. Contracts covering 20.0 GW include potential price adjustments for future module technology improvements, which could add up to $0.5 billion in revenue, mostly in 2027 and 2028. Contract volumes and expected price adjustments remain subject to customer breaches, renegotiations, cancellations, and specified contract adjustments.

Key facts

• As of September 30, 2026, First Solar had contracts for future sale of 44.0 GW of modules for an aggregate transaction price of $13.5 billion, expected to be recognized as revenue through 2030; the amounts exclude India contracts for which payment was not fully secured. source
• First Solar’s contracted volume includes 20.0 GW with anticipated price adjustments for future module technology improvements; if realized, these could add up to $0.5 billion in revenue, the majority in 2027 and 2028. source

Impact estimates