Equity Profile

FSLR

First Solar, Inc.

Information TechnologySemiconductors$26.8B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

First Solar, Inc. is a leading manufacturer of solar panels and a provider of solar energy solutions....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

$3.50

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and increase sales, which is vital for long-term success.

$1.2 billion

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FSLR Q2-2026 Earnings Preview

Context

Company Snapshot

First Solar, Inc. is a leading manufacturer of solar panels and a provider of solar energy solutions. Operating in the Information Technology sector, specifically within the semiconductor industry, First Solar plays a crucial role in the renewable energy transition, focusing on sustainable energy production and innovation.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-1.57%

Avg Stock Reaction

-1.55%

Last Quarter Recap

In Q1 2026, First Solar reported an EPS of $3.22, exceeding expectations by 12.08%. The stock reacted positively, increasing by 5.92% the following day.

Management Promises & Guidance

Focus on increasing production capacity.
Commitment to reducing manufacturing costs.
Plans to expand into new markets.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about First Solar's upcoming earnings, with expectations for strong EPS growth driven by increased demand for solar solutions.

Bull Case

If First Solar can deliver better-than-expected EPS and revenue growth, it could signal robust demand and operational efficiency, leading to a significant stock rally.

Bear Case

Conversely, if the company misses EPS estimates or provides weak guidance, it could raise concerns about market demand and operational challenges, resulting in a stock decline.

Key Metrics to Watch

Earnings Per Share (EPS)

$3.50

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue Growth

$1.2 billion

Revenue growth reflects the company's ability to expand its market share and increase sales, which is vital for long-term success.

Gross Margin

25%

Gross margin indicates how efficiently the company is producing its products and managing costs, impacting overall profitability.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed $3.50?

Exceeding this EPS target would indicate strong profitability and could boost investor confidence.

What is the expected revenue growth rate?

Understanding revenue growth is crucial for assessing the company's market position and future prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate First Solar's ability to capitalize on the growing demand for renewable energy, especially in emerging markets.

Supporting Evidence

Options pricing suggests a larger move than historical averages, indicating potential for significant surprises.

Insider selling may reflect individual strategies rather than company performance concerns, suggesting confidence in the broader outlook.

Key Risk

If revenue growth exceeds $1.2 billion, it could challenge the current bearish sentiment and shift market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will indicate whether First Solar can maintain its growth trajectory amid increasing competition.

Bull Confirmed If

Achieving an EPS of $3.75 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $3.00 would raise significant concerns about profitability and market challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±15.49%

Historical Avg

±3.1%

Pricing rich

The options market is pricing in a significant potential movement in the stock, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±15.5% while FSLR has averaged ±3.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

54.0%

Calls (5.5M)P/C Ratio: 0.55Puts (881K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$120,330.00

573 sh

1 insider

Net

$120,330.00

Net selling

Most Active Insiders· 1 open-market trade

Chief Manufacturing OfficerVerma Kuntal Kumar
$120,330.00

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If First Solar beats expectations, history suggests the stock could rise by around 3% on the first day, confirming strong demand and efficiency.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may react neutrally, reflecting uncertainty about future growth.

Miss

A miss could lead to a decline of approximately 2% based on historical patterns, signaling potential weaknesses in demand or execution.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·1 sell

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on production capacity and efficiency improvements.
2Insights into market demand trends for solar energy solutions.
3Any commentary on cost management strategies.
4Details on expansion plans into new geographical markets.
5Management's outlook on competitive pressures in the solar industry.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

First Solar, Inc. is a leading manufacturer of solar panels and a provider of solar energy solutions....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

$3.50

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and increase sales, which is vital for long-term success.

$1.2 billion

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FSLR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-1.57%

Avg Stock Reaction

-1.55%

Last Quarter Recap

In Q1 2026, First Solar reported an EPS of $3.22, exceeding expectations by 12.08%. The stock reacted positively, increasing by 5.92% the following day.

Management Promises & Guidance

Focus on increasing production capacity.
Commitment to reducing manufacturing costs.
Plans to expand into new markets.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about First Solar's upcoming earnings, with expectations for strong EPS growth driven by increased demand for solar solutions.

Bull Case

If First Solar can deliver better-than-expected EPS and revenue growth, it could signal robust demand and operational efficiency, leading to a significant stock rally.

Bear Case

Conversely, if the company misses EPS estimates or provides weak guidance, it could raise concerns about market demand and operational challenges, resulting in a stock decline.

Key Metrics to Watch

Earnings Per Share (EPS)

$3.50

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue Growth

$1.2 billion

Revenue growth reflects the company's ability to expand its market share and increase sales, which is vital for long-term success.

Gross Margin

25%

Gross margin indicates how efficiently the company is producing its products and managing costs, impacting overall profitability.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed $3.50?

Exceeding this EPS target would indicate strong profitability and could boost investor confidence.

What is the expected revenue growth rate?

Understanding revenue growth is crucial for assessing the company's market position and future prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate First Solar's ability to capitalize on the growing demand for renewable energy, especially in emerging markets.

Supporting Evidence

Options pricing suggests a larger move than historical averages, indicating potential for significant surprises.

Insider selling may reflect individual strategies rather than company performance concerns, suggesting confidence in the broader outlook.

Key Risk

If revenue growth exceeds $1.2 billion, it could challenge the current bearish sentiment and shift market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will indicate whether First Solar can maintain its growth trajectory amid increasing competition.

Bull Confirmed If

Achieving an EPS of $3.75 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $3.00 would raise significant concerns about profitability and market challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±15.49%

Historical Avg

±3.1%

Pricing rich

The options market is pricing in a significant potential movement in the stock, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±15.5% while FSLR has averaged ±3.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

54.0%

Calls (5.5M)P/C Ratio: 0.55Puts (881K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$120,330.00

573 sh

1 insider

Net

$120,330.00

Net selling

Most Active Insiders· 1 open-market trade

Chief Manufacturing OfficerVerma Kuntal Kumar
$120,330.00

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If First Solar beats expectations, history suggests the stock could rise by around 3% on the first day, confirming strong demand and efficiency.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may react neutrally, reflecting uncertainty about future growth.

Miss

A miss could lead to a decline of approximately 2% based on historical patterns, signaling potential weaknesses in demand or execution.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·1 sell

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on production capacity and efficiency improvements.
2Insights into market demand trends for solar energy solutions.
3Any commentary on cost management strategies.
4Details on expansion plans into new geographical markets.
5Management's outlook on competitive pressures in the solar industry.