First Solar CEO comments on earnings call

First Solar CEO comments on earnings call

First Solar, Inc. (NASDAQ: FSLR) reported robust second-quarter earnings, with shares jumping 5.3% following the announcement. The American solar technology manufacturer exceeded analyst expectations, driven by increased module sales. The company reported adjusted earnings of $3.18 per share, surpassing the consensus of $2.66 by 19.5%, and revenue reached $1.1 billion, up 8.7% from the projected $1.04 billion [1].

Mark Widmar, the Chief Executive Officer of First Solar, commented on the earnings call, "The recent policy and trade developments have, on balance, strengthened First Solar’s relative position in the solar manufacturing industry. We believe that on a fundamental basis, with its cost-competitive energy and faster time to power profile, the case for utility-scale solar generation is compelling regardless of the policy environment" [1].

First Solar maintained the midpoint of its full-year earnings guidance, now expecting 2025 EPS between $13.50 and $16.50, compared to its previous range of $12.50 to $17.50. The company also raised its revenue forecast to $4.9-$5.7 billion from the earlier projection of $4.5-$5.5 billion [1].

The company’s net cash balance increased to $0.6 billion at the end of the second quarter, up from $0.4 billion in the previous quarter, boosted by proceeds from the sale of Section 45X tax credits. Additionally, First Solar booked 2.1 GW in July 2025, with an expected sales backlog of 64.0 GW extending through 2030 [1].

First Solar’s Form 10-Q report for the second quarter of 2025 highlighted its financial performance and operational achievements. Net sales reached $1.097.17 million, up from $1.010.48 million in the same period in 2024. Gross profit was $499.85 million, while operating income was $361.61 million. Net income per share - diluted was $3.18, compared to $3.25 in the same period in 2024 [2].

The company's business highlights include a robust sales pipeline of 61.9 GW of solar modules expected to be recognized as revenue through 2030. First Solar is expanding its manufacturing capacity worldwide, including the construction of new manufacturing facilities in the United States, to meet growing global demand [2].

First Solar’s updated 2025 guidance includes net sales projected to be between $4.9 billion and $5.7 billion, gross margin between $2.05 billion and $2.35 billion, and earnings per diluted share between $13.50 and $16.50 [3].

References:
[1] https://www.investing.com/news/earnings/first-solar-shares-jump-5-as-q2-earnings-top-estimates-93CH-4164414
[2] https://www.tradingview.com/news/tradingview:2912099581a2a:0-first-solar-inc-sec-10-q-report/
[3] https://www.businesswire.com/news/home/20250731309091/en/First-Solar-Inc.-Announces-Second-Quarter-2025-Financial-Results-and-Updates-Guidance