First Solar Q3 earnings on deck: What to expect

What happened

First Solar will report third-quarter results after the market closes on Oct. 29. Analysts expect about $1.31 billion in revenue, earnings of $4.64 to $4.65 per share, and module shipments of about 4,180 megawatts.

Confirmed

Global impact / market context

Analysts expect lower revenue than a year earlier, so the report tests whether sales momentum is improving. Results and any change to the $4.9 billion to $5.2 billion 2026 sales forecast could shift investor views on the stock.

Analyst inference

The report follows a mixed second quarter, when revenue fell 3.7% year over year and the company missed revenue and EBITDA expectations. Investors are watching the Gaffney, South Carolina factory as First Solar expands U.S. manufacturing capacity.

Analyst inference

What to watch

1. Watch quarterly revenue against the roughly $1.31 billion analyst estimate and the prior-year figure, since analysts expect lower revenue than a year earlier. Confirmed
2. Watch module shipments versus the approximately 4,180 megawatts analysts estimate, since shipments show actual sales volume rather than only pricing or accounting effects. Confirmed
3. Watch any revision to the 2026 net sales forecast of $4.9 billion to $5.2 billion, which management reaffirmed last quarter and which guides investor expectations for future revenue. Analyst inference

Evidence

• gurufocus.com