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    First Solar Inc (FSLR)

    Official site

    TECHNOLOGY • SOLAR • NASDAQ

    $178.81
    -0.27 (-0.15%)

    Market Cap: $19.25B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    56%(22/39)
    Avg Surprise
    -106.44%
    Streak
    2 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$4.64
    Range$3.78 - $5.47
    22 analysts
    EPS Revisions
    2
    0
    7d
    3
    15
    30d
    EPS Estimate DriftChange to current
    90d ago$5.18-10.5%
    60d ago$4.67-0.7%
    30d ago$4.64+0.0%
    7d ago$4.63+0.2%
    Current$4.64
    Revenue Consensus
    $1.3B
    Range$1.2B - $1.6B
    23 analysts
    Period ending Dec 31, 2026
    EPS Consensus$7.02
    Range$5.59 - $9.84
    31 analysts
    Revenue Consensus
    $1.6B
    Range$1.3B - $2.0B
    31 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$7.02---
    Sep 26EST
    		-$4.64---
    Jun 26
    Reported Jul 30
    		$3.92$2.74+43.07%Beat+23.3%
    Mar 26
    Reported Apr 30
    		$3.22$2.96+8.78%Beat+65.1%
    Dec 25
    Reported Feb 24
    		$4.84$5.15-6.02%Miss+32.6%
    Sep 25
    Reported Oct 30
    		$4.24$4.29-1.17%Miss+45.7%
    Jun 25
    Reported Jul 31
    		$3.18$2.68+18.66%Beat-2.2%
    Mar 25
    Reported Apr 29
    		$1.95$2.47-21.05%Miss-11.4%
    Dec 24
    Reported Feb 25
    		$3.65$4.69-22.11%Miss+12.3%
    Sep 24
    Reported Oct 29
    		$2.91$3.15-7.62%Miss+16.4%
    Jun 24
    Reported Jul 30
    		$3.25$2.66+22.18%Beat+72.0%
    Mar 24
    Reported May 1
    		$2.20$1.99+10.55%Beat+450.0%
    Dec 23
    Reported Feb 27
    		$3.25$3.13+3.83%Beat+4742.9%
    Sep 23
    Reported Oct 31
    		$2.50$2.04+22.55%Beat+643.5%
    Jun 23
    Reported Jul 27
    		$1.89$0.96+96.88%Beat+572.5%
    Mar 23
    Reported Apr 27
    		$0.40N/A-57.89%Miss+197.6%
    Dec 22
    Reported Feb 28
    		$-0.07N/A+56.25%Beat-105.7%
    Sep 22
    Reported Oct 27
    		$-0.46$-0.18-155.56%Miss-204.5%
    Jun 22
    Reported Jul 28
    		$-0.40$-0.11-263.64%Miss-151.3%
    Mar 22
    Reported Apr 28
    		$-0.41$-0.43+4.65%Beat-150.6%
    Dec 21
    Reported Mar 1
    		$1.23$1.06+16.04%Beat+13.9%
    Sep 21
    Reported Nov 4
    		$0.44$0.60-26.67%Miss-69.7%
    Jun 21
    Reported Jul 29
    		$0.78$0.56+39.29%Beat+122.9%
    Mar 21
    Reported Apr 29
    		$0.81$0.83-2.41%Miss-4.7%
    Dec 20
    Reported Feb 25
    		$1.08$1.24-12.90%Miss-46.3%
    Sep 20
    Reported Oct 27
    		$1.45$0.62+133.87%Beat+400.0%
    Jun 20
    Reported Aug 6
    		$0.35$0.28+25.00%Beat+294.4%
    Mar 20
    Reported May 7
    		$0.85$0.29+193.10%Beat+232.8%
    Dec 19
    Reported Feb 20
    		$2.01$2.91-30.93%Miss+310.2%
    Sep 19
    Reported Oct 24
    		$0.29N/A-73.87%Miss-46.3%
    Jun 19
    Reported Aug 1
    		$-0.18$0.01-1900.00%Miss+60.9%
    Mar 19
    Reported May 2
    		$-0.64$-0.12-433.33%Miss-182.1%
    Dec 18
    Reported Feb 21
    		$0.49$0.64-23.44%Miss+296.0%
    Sep 18
    Reported Oct 25
    		$0.54$0.40+35.00%Beat-72.3%
    Jun 18
    Reported Jul 26
    		$-0.46$-0.01-4500.00%Miss-171.9%
    Mar 18
    Reported Apr 26
    		$0.78$-0.13+700.00%Beat+212.0%
    Dec 17
    Reported Feb 22
    		$-0.25$-0.31+19.35%Beat-120.2%
    Sep 17
    Reported Oct 26
    		$1.95$0.84+132.14%Beat-
    Jun 17
    Reported Jul 27
    		$0.64$0.04+1500.00%Beat-
    Mar 17
    Reported May 2
    		$0.25$-0.14+278.57%Beat-
    Dec 16
    Reported Feb 21
    		$1.24$0.97+27.84%Beat-

    Key Metrics

    Valuation
    P/E Ratio11.02EV/EBITDA7.54x
    Price/FCF12.81xFCF Yield7.81%
    Profitability
    Profit Margin32.50%Operating Margin42.60%
    ROE18.50%ROIC16.20%
    Financial Health
    Debt/Equity0.00xInterest Coverage45.45x
    Current Ratio2.52xQuick Ratio2.00x
    Trading Statistics
    Beta1.79Avg Volume2.40M
    52-Week High$320.9552-Week Low$168.60

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$179.16
    SMA 20$181.36
    SMA 50$201.04
    SMA 200$220.29
    EMA 10$180.13
    EMA 20$183.59
    EMA 50$196.39
    EMA 200$213.44

    MACD

    Line: -5.78Signal: -7.27Hist: 1.48

    ADX

    ADX: 24.3+DI: 17.8-DI: 24.3

    Aroon & PSAR

    Aroon Up4.0
    Aroon Down60.0
    PSAR$169.36

    Bollinger Bands

    Upper Band$199.09
    Lower Band$163.63
    %B Position1956%(Upper)
    Band Width0.43

    RSI (14-Day)

    Neutral
    42.5

    Momentum Oscillators

    Stoch %K63.9
    Stoch %D56.6
    Williams %R-47.0
    ROC (10d)3.9%
    Momentum6.70
    CCI (20d)-31.3
    MFI (14d)44.9

    Volatility Measures

    ATR (14d)$7.68(4.3%)
    StdDev (20d)8.87
    Hist Vol51.2%(High)

    Volume Flow

    VWAP$178.53
    OBV44.0M
    AD Line9.1M
    CMF (20d)-0.092

    Volume Metrics

    Avg Vol (20d)2.4M
    Vol Ratio0.9x
    VWMA (20d)$180.59

    Pivot Points

    R3$192.20
    R2$189.08
    R1$184.08
    Pivot Point$180.96
    S1$175.96
    S2$172.84
    S3$167.84

    Advanced Oscillators

    TSI-18.32
    Ultimate Osc50.0
    KST-120.44

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$1.06B$1.04B$1.68B$1.59B$1.10B$844.57M$1.51B$887.67M$1.01B$794.11M$1.16B$801.09M
    Cost of Revenue$451.19M$558.11M$1.02B$984.11M$597.32M$500.17M$946.37M$442.36M$511.59M$448.11M$656.52M$424.92M
    Gross Profit$605.00M$486.13M$665.34M$610.75M$499.85M$344.40M$567.66M$445.31M$498.89M$346.00M$502.03M$376.18M
    Operating Expenses$154.62M$140.83M$117.42M$144.65M$138.24M$123.16M$110.89M$123.31M$126.38M$102.86M$104.25M$103.21M
    R&D$76.24M$66.94M$65.95M$60.59M$54.49M$52.39M$46.50M$50.20M$51.94M$42.74M$43.86M$41.19M
    SG&A$51.95M$65.33M$50.68M$47.32M$52.59M$53.16M$49.58M$46.29M$46.56M$45.83M$57.09M$50.17M
    Operating Income$450.39M$345.30M$547.92M$466.10M$361.61M$221.24M$456.77M$322.00M$372.51M$243.14M$397.78M$272.96M
    Interest Income$29.92M$28.86M$27.49M$23.31M$12.10M$18.86M$14.67M$22.58M$24.60M$27.25M$23.57M$23.25M
    Interest Expense$5.56M$7.62M$11.30M$14.12M$9.18M$9.53M$10.89M$9.01M$9.77M$9.21M$7.07M$3.73M
    Income Before Tax$459.38M$354.33M$551.34M$460.35M$352.17M$217.06M$446.35M$327.34M$377.13M$255.52M$376.68M$290.46M
    Income Tax Expense$36.81M$7.71M$30.46M$4.40M$10.30M$7.52M$53.23M$14.39M$27.77M$18.90M$27.44M$22.07M
    Net Income$422.57M$346.62M$520.88M$455.94M$341.87M$209.53M$393.12M$312.96M$349.36M$236.62M$349.24M$268.40M
    EBITDA$582.87M$480.48M$675.78M$589.22M$472.66M$332.56M$566.99M$424.93M$459.63M$328.07M$449.88M$348.69M
    EBIT$435.02M$333.09M$535.15M$451.16M$349.25M$207.72M$442.57M$313.77M$362.30M$237.48M$360.18M$270.94M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Jefferies lowers First Solar stock price target to $199 on pricing view

    Jefferies has reduced its price target for First Solar (NASDAQ:FSLR) to $199 from $228, while maintaining a Hold rating due to a shorter perceived favorable pricing environment compared to market consensus. Despite...

    Investing.com•10/16/26•Somewhat-Bearish

    Jefferies lowers First Solar stock price target to $199 on pricing view

    Jefferies has lowered its price target for First Solar (NASDAQ:FSLR) to $199 from $228, while maintaining a Hold rating. The firm anticipates a shorter favorable pricing environment than the market consensus but expects...

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    Kenneth Griffin and Citadel entities report overlapping stakes in First Solar (FSLR)

    An amended SEC filing (SCHEDULE 13G/A) indicates that Kenneth Griffin and various Citadel entities beneficially own overlapping passive stakes in First Solar (FSLR). Kenneth Griffin is deemed to own 6.0% of shares...

    Stock Titan•10/15/26•Neutral

    FSLR Valuation and Fair Value

    P/E
    11.0x
    Forward P/E
    8.3x
    EV/EBITDA
    7.5x
    P/FCF
    12.8x
    PEG
    0.4x
    P/B
    1.9x
    See GNG's fair value

    FSLR Profitability: Margins, ROIC and FCF

    Gross margin
    44.0%
    Operating margin
    42.6%
    Net margin
    32.5%
    ROIC
    16.2%
    ROE
    18.5%
    FCF margin
    27.9%
    FCF yield
    7.8%

    FSLR Competitors

    CompanyTicker
    SS&C Technologies Holdings IncSSNC
    Broadridge Financial Solutions IncBR
    Nutanix IncNTNX
    CDW CorpCDW
    PTC IncPTC
    Dynatrace Holdings LLCDT
    Synnex CorporationSNX
    Ast Spacemobile IncASTS

    Sector: Technology

    FSLR Analyst Ratings

    Consensus
    Buy
    Analysts
    36
    Strong Buy
    10
    Buy
    16
    Hold
    9
    Sell
    0
    Strong Sell
    1

    FSLR Bull Case vs Bear Case

    Bull case

    • FSLR earns a 16.2% return on invested capital.
    • FSLR converts 27.9% of revenue into free cash flow.
    • FSLR has a 32.5% net profit margin.

    Bear case

    • FSLR beat EPS estimates in 37.5% of its last 8 reported quarters.
    • FSLR's quarterly revenue changed -3.7% year over year.

    FSLR Earnings: Beat Rate and Next Report

    Beat rate
    3 of 8 quarters (37.5%)
    Average surprise
    1.6%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $4.64
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    3 up, 15 down

    Frequently Asked Questions About FSLR

    Does FSLR pay dividends?

    First Solar Inc (FSLR) does not currently pay a regular dividend.

    What is FSLR's P/E ratio?

    First Solar Inc has a price-to-earnings (P/E) ratio of 11.02.

    What is FSLR's market cap?

    First Solar Inc (FSLR) has a market capitalization of $19.25B with a current stock price of $178.81.

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