Equity Profile

FSLR

First Solar, Inc.

Information TechnologySemiconductors$30.0B

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 utility-scale solar power solutions....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of the company's profitability and will indicate how well First Solar is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects demand for First Solar's products and services, which is essential for assessing the company's market position.

N/A

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 utility-scale solar power solutions. As a key player in the renewable energy sector, it plays a significant role in the transition to sustainable energy sources, which is increasingly important given global climate change concerns.

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%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Focus on increasing production capacity.
Commitment to improving supply chain efficiency.
Plans to expand into new markets.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about First Solar's upcoming earnings, especially after a strong performance last quarter. However, the lack of revenue guidance raises concerns about future growth.

Bull Case

If First Solar can demonstrate strong revenue growth and maintain or improve its gross margin, it could signal robust demand for its products, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to meet expectations for earnings or provides weak guidance, it could lead to a significant decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected revenue growth rate for the upcoming quarter?

Revenue growth will be a key indicator of demand for First Solar's products and will heavily influence investor sentiment.

How is First Solar managing its production costs and gross margin?

Understanding cost management will help assess the company's profitability and operational efficiency, which are critical for future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating First Solar's ability to capitalize on increasing demand for renewable energy solutions, especially given recent legislative support for green initiatives.

Supporting Evidence

First Solar's production capacity expansion plans could significantly boost revenue.

The company's strong historical performance in Q1 suggests a positive trend that may continue.

Options pricing indicates a larger expected move than historical averages, suggesting heightened investor interest.

Key Risk

If the revenue growth exceeds expectations, it could shift the narrative around First Solar's market position.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether First Solar can sustain its growth trajectory amidst rising competition and fluctuating material costs.

Bull Confirmed If

Revenue growth of at least 15% year-over-year would confirm the bull case.

Bear Confirmed If

A revenue decline or stagnation would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±15.49%

Historical Avg

±3.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

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

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

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 and raises guidance, history suggests a potential stock increase of around 3.1% on the following day.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may remain flat or see minor fluctuations.

Miss

A miss on earnings could lead to a decline of approximately 2.32% based on historical patterns.

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

1Any updates on production capacity and expansion plans.
2Details on cost management strategies and their impact on gross margin.
3Insights into demand trends for solar products in key markets.
4Any commentary on legislative support for renewable energy.
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 utility-scale solar power solutions....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of the company's profitability and will indicate how well First Solar is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects demand for First Solar's products and services, which is essential for assessing the company's market position.

N/A

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%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Focus on increasing production capacity.
Commitment to improving supply chain efficiency.
Plans to expand into new markets.

Expectations

Wall Street Expectations

Bull Case

If First Solar can demonstrate strong revenue growth and maintain or improve its gross margin, it could signal robust demand for its products, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to meet expectations for earnings or provides weak guidance, it could lead to a significant decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected revenue growth rate for the upcoming quarter?

Revenue growth will be a key indicator of demand for First Solar's products and will heavily influence investor sentiment.

How is First Solar managing its production costs and gross margin?

Understanding cost management will help assess the company's profitability and operational efficiency, which are critical for future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating First Solar's ability to capitalize on increasing demand for renewable energy solutions, especially given recent legislative support for green initiatives.

Supporting Evidence

First Solar's production capacity expansion plans could significantly boost revenue.

The company's strong historical performance in Q1 suggests a positive trend that may continue.

Options pricing indicates a larger expected move than historical averages, suggesting heightened investor interest.

Key Risk

If the revenue growth exceeds expectations, it could shift the narrative around First Solar's market position.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether First Solar can sustain its growth trajectory amidst rising competition and fluctuating material costs.

Bull Confirmed If

Revenue growth of at least 15% year-over-year would confirm the bull case.

Bear Confirmed If

A revenue decline or stagnation would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±15.49%

Historical Avg

±3.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

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

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: 4 of 9 (44%)

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 and raises guidance, history suggests a potential stock increase of around 3.1% on the following day.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may remain flat or see minor fluctuations.

Miss

A miss on earnings could lead to a decline of approximately 2.32% based on historical patterns.

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

1Any updates on production capacity and expansion plans.
2Details on cost management strategies and their impact on gross margin.
3Insights into demand trends for solar products in key markets.
4Any commentary on legislative support for renewable energy.
5Management's outlook on competitive pressures in the solar industry.