FSLR · 10-Q · 2026Q3

FIRST SOLAR, INC.

Filed 2026-10-29 · Technology · View original filing on EDGAR

Everything FSLR's SEC filings said, ranked

Ranked Events

• Operating Cash Flow TrendsImportance 75 · Surprise 64
  Net cash used in operating activities was $402.714 million for the nine months ended September 30, 2026, compared with $815.212 million provided in the prior-year period. The deterioration primarily reflected lower…
• Liquidity and Cash PositionImportance 70 · Surprise 56
  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…
• Cash Flow and Capital AllocationImportance 69 · Surprise 64
  Net cash used in investing activities was $428.067 million for the nine months ended September 30, 2026, versus $577.934 million in 2025, primarily because of lower property, plant and equipment purchases for U.S.…
• Revenue Performance and MixImportance 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…
• U.S. Renewable Tax Credit ChangesImportance 65 · Surprise 60
  The 2022 Inflation Reduction Act (IRA) incentives significantly increased demand for U.S.-manufactured modules, but the July 2025 One Big Beautiful Bill Act (OBBBA) significantly curtails certain energy tax credits.…
• Capital Expenditure ProgramImportance 64 · Surprise 42
  First Solar expects to spend $0.6 billion to $0.8 billion on capital expenditures during 2026, including manufacturing capacity, R&D initiatives, and machinery and equipment upgrades. The company expects its South…
• Gross Margin DriversImportance 60 · Surprise 40
  Gross profit increased 16.8% to $713.1 million for the three months ended September 30, 2026, while gross margin rose 19.6 percentage points to 57.9% from 38.3%. The 45X advanced manufacturing production credit reduced…
• Interest Expense TrendsImportance 59 · Surprise 82
  Net interest expense decreased 52.6% to $15.568 million for the nine months ended September 30, 2026, from $32.830 million in 2025. For the three months ended September 30, 2026, net interest expense was $2.390…
• Customer DynamicsImportance 59 · Surprise 48
  First Solar’s third-party customers include system developers, independent power producers, utilities, commercial and industrial companies, large corporate energy buyers, and other system owners and operators. In the…
• Domestic Manufacturing Tax CreditsImportance 58 · Surprise 42
  First Solar expects to qualify for the U.S. Inflation Reduction Act’s Section 45X advanced manufacturing production credit, available from 2023 through 2032 and subject to a phase-down beginning in 2030. Based on…
• Income Tax Rate ChangesImportance 57 · Surprise 64
  Income tax expense for the nine months ended September 30, 2026 increased 77.7% to $39.489 million from $22.225 million in 2025, while the effective tax rate rose to 2.9% from 2.2%. The increase primarily reflected…
• Trade Policy and TariffsImportance 47 · Surprise 60
  The U.S. Supreme Court ruled IEEPA tariffs unlawful in February 2026, and First Solar received payment for substantially all remaining tariff refund claims, subject to possible offsets for amounts passed through to…
• Interest Income TrendsImportance 44 · Surprise 46
  Interest income increased 52.8% to $82.933 million for the nine months ended September 30, 2026, from $54.273 million in 2025. The increase primarily reflected higher yields on cash and cash equivalents and interest…
• Research and Development ExpenseImportance 41 · Surprise 48
  Research and development expense increased 25.6% to $210.410 million for the nine months ended September 30, 2026, from $167.468 million in 2025; three-month expense increased 10.9% to $67.223 million. The nine-month…
• Supply Chain CommitmentsImportance 40 · Surprise 42
  First Solar expects to commit significant working capital to raw materials used in module manufacturing and says delays or failures in obtaining materials that meet its quality, quantity, and cost requirements could…
• Operating Expense TrendsImportance 40 · Surprise 56
  Selling, general and administrative expense increased 19.3% to $182.604 million for the nine months ended September 30, 2026, from $153.078 million in 2025; three-month expense rose 38.0% to $65.326 million. Higher…
• China Export ControlsImportance 40 · Surprise 42
  China announced tighter export controls in February 2025 for five key minerals, including tellurium, a component of First Solar’s CdTe modules; Chinese exporters generally need a Ministry of Commerce license. China’s…
• Manufacturing and CapacityImportance 40 · Surprise 42
  First Solar recently commenced operations at its fifth U.S. manufacturing facility and began commercial production in the first phase of its sixth U.S. facility in South Carolina in September 2026; the second phase is…
• Order Backlog and Book-to-BillImportance 33 · Surprise 24
  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…
• FX / Currency ImpactImportance 28 · Surprise 30
  The nine-month foreign currency loss decreased 24.0% year over year, with the reported loss improving by $7.263 million to $22.961 million for the nine months ended September 30, 2026. The improvement was largely due…