- Net sales for the fourth quarter were $1.7 billion, a 12.6% rise from the prior year’s same quarter.
- The sales increase was primarily driven by an increase in the volume of modules sold in the fourth quarter.
- FirstSolar said it expects FY 2026 net sales to be in the range of $4.9 billion to $5.2 billion. Wall Street expects the company's FY 2026 revenue to be $6.1 billion, as per data from fiscal.ai.
Shares of FirstSolar (FSLR) plummeted more than 12% in extended hours of trading on Tuesday as it posted lower than expected fourth quarter profit.
The company reported fourth quarter net income per diluted share of $4.84, which was well below analysts’ estimates of $5.24 per share, according to data from fiscal.ai.
Net sales for the fourth quarter were $1.7 billion, a 12.6% rise from the prior year’s same quarter. The increase was primarily driven by an increase in the volume of modules sold in the fourth quarter.
“Our growth journey continued into 2025, with the commissioning of our new Louisiana factory and our decision to establish a new facility in South Carolina,” said CEO Mark Widmar.
Cash, cash equivalents, restricted cash, restricted cash equivalents, and marketable securities, less debt at the end of the fourth quarter increased to $2.4 billion from $1.5 billion at the end of the prior quarter.
Outlook
FirstSolar said it expects FY 2026 net sales to be in the range of $4.9 billion to $5.2 billion. Wall Street expects the company's FY 2026 revenue to be $6.1 billion, as per data from fiscal.ai.
The company expects FY 2026 adjusted core profit to be in the range of $2.6 billion to $2.8 billion and operating expenses in the range of $610 million to $635 million.
How Did Stocktwits Users React?
Retail sentiment around FSLR trended in ‘extremely bullish’ territory amid ‘extremely high’ message volume.
One user said that the company's big capex forecast is not good for stockholders.
Shares in the company have risen 38.5% over the past year.
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