First Solar's first quarter 2026 revenue grew 24% while EPS surged 65% year-over-year.

First Solar reported strong first quarter 2026 results, with significant year-over-year growth in both revenue and profitability. The company reaffirmed its full-year 2026 guidance, indicating a stable outlook.

Key Highlights

• Net sales for the quarter increased 24% year-over-year to $1.04 billion, driven by a higher volume of modules sold.
• Net income per diluted share grew 65% from the prior-year quarter to $3.22.
• The company's contracted sales backlog stood at 47.9 GW as of March 31, 2026.
• Full-year 2026 guidance for net sales and adjusted EBITDA was reaffirmed, with ranges of $4.9 billion to $5.2 billion and $2.6 billion to $2.8 billion, respectively.