First Solar Beats Profit Estimates Despite Revenue Miss

First Solar, Inc. reported second quarter 2026 financial results on July 30, 2026, reflecting a mixed performance across key metrics. The company's GAAP profit rose to $422.569 million, or $3.92 per share, significantly exceeding analyst estimates of $2.82 per share. Adjusted EBITDA also surpassed expectations, reaching $643.6 million.

Despite the profit growth, revenue fell 3.7% year-on-year to $1.06 billion, narrowly missing the Wall Street forecast of $1.07 billion. In its forward-looking statements, the company reconfirmed its full-year revenue guidance at a midpoint of $5.05 billion, which sits 0.7% below analyst estimates. First Solar also established a full-year EBITDA guidance midpoint of $2.7 billion.

Investors reacted positively to the earnings beat, driving the stock price up 3.6% to $213.67 immediately following the announcement.