First Solar Inc

FSLR: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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First Solar Earnings: Record US Volumes Slightly Offset by India Price Headwinds; Outlook Unchanged

Joshua Aguilar , Christian Fleming

May 1, 2026

First Solar reported first-quarter revenue of $1.04 billion, up 24% year over year, and a 47% gross margin. The sale of Section 45x manufacturing tax credits under the Inflation Reduction Act totaled $418 million, in line with consensus expectations and guidance.

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First Solar Inc

First Solar Earnings: Record US Volumes Slightly Offset by India Price Headwinds; Outlook Unchanged

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