First Solar reports Q3 revenue miss, cuts 2026 outlook and authorizes buyback
First Solar reported third-quarter revenue of $1.23B and net income of $571.1M on October 29, 2026, while EPS reached $5.30 versus analyst expectations of $4.64. Revenue missed the $1.31B estimate, but gross margin expanded to 58% as adjusted EBITDA reached $744 million. The company lowered its full-year revenue outlook to between $4.6B and $4.9B and authorized a $500M share repurchase program.
Why it matters
The lower full-year outlook reduces near-term sales visibility and indicates that project timing and volume are pressuring results. The $500M repurchase authorization adds a capital-return action for shareholders despite the weaker sales outlook.
Key facts
- 1First Solar reported third-quarter revenue of $1.23B, net income of $571.1M and EPS of $5.30. finance.yahoo.com
- 2Third-quarter gross margin was 58%, an increase of 20 percentage points year over year. investing.com
- 3Third-quarter adjusted EBITDA was $744 million. investing.com
- 4The company forecast full-year revenue between $4.6B and $4.9B. finance.yahoo.com
- 5First Solar authorized a $500M share repurchase program. investing.com
- 6The company reduced its full-year sales forecast to 16.0-17.0 GW. finanznachrichten.de
Open questions
- Pre-release analyst revenue expectations differed across reports, so the reported size of the sales miss depends on the estimate used.
Summary written by AlphAI AI Desk from 18 of 18 sources. Not investment advice. Figures are as stated by the linked sources.