First Solar, Inc. filed its quarterly report on Form 10-Q with the SEC on October 29, 2026, covering the three and nine months ended September 30, 2026, disclosing financial results for its thin-film solar module manufacturing business.

Key Highlights

  • Net sales (Q3 2026): $1,230,936 thousand for the three months ended September 30, 2026, compared with $1,594,856 thousand in the same period of 2025, according to the filing.
  • Gross profit (Q3 2026): $713,060 thousand, up from $610,745 thousand in Q3 2025, as reported in the condensed consolidated statements of operations.
  • Net income (Q3 2026): $571,063 thousand for the three months ended September 30, 2026, versus $455,943 thousand in Q3 2025.
  • Diluted earnings per share (Q3 2026): $5.30, compared with $4.24 in the prior-year quarter, per the filing.
  • Nine-month net income: $1,340,251 thousand for the nine months ended September 30, 2026, versus $1,007,346 thousand for the same period in 2025.
  • Total assets: $14,020,016 thousand as of September 30, 2026, up from $13,321,310 thousand at December 31, 2025.
  • Shares outstanding: 107,481,115 shares of common stock issued and outstanding as of September 30, 2026, per the balance sheet.

First Solar Reports Q3 2026 Financial Results for Thin-Film Solar Manufacturing Operations

First Solar, Inc. (NASDAQ:FSLR), a Delaware-incorporated manufacturer of thin-film solar modules headquartered in Phoenix, Arizona, reported quarterly financial results in its Form 10-Q for the period ended September 30, 2026. According to the filing, net sales for the third quarter of 2026 were $1,230,936 thousand, a decrease from $1,594,856 thousand in the third quarter of 2025. Despite lower net sales, gross profit for Q3 2026 reached $713,060 thousand, compared with $610,745 thousand in the prior-year quarter, reflecting a substantial reduction in cost of sales from $984,111 thousand to $517,876 thousand, as the filing disclosed.

The company reported operating income of $546,108 thousand for the three months ended September 30, 2026, versus $466,095 thousand for the comparable period in 2025. Total operating expenses for the quarter were $166,952 thousand, including selling, general and administrative expenses of $65,326 thousand, research and development costs of $67,223 thousand, and production start-up costs of $34,403 thousand, the filing stated. Income before taxes for Q3 2026 was $566,029 thousand, and the company recorded an income tax benefit of $5,034 thousand in the quarter.

On the balance sheet, the filing reported total stockholders' equity of $10,880,733 thousand as of September 30, 2026, up from $9,537,993 thousand at December 31, 2025. Cash and cash equivalents stood at $1,576,003 thousand at September 30, 2026, compared with $2,803,514 thousand at December 31, 2025. The company's long-term debt was reported as zero at September 30, 2026, down from $282,593 thousand at year-end 2025, according to the condensed consolidated balance sheet. Total liabilities declined to $3,139,283 thousand from $3,783,317 thousand over the same period.

What Was Disclosed

First Solar's Form 10-Q for the quarter ended September 30, 2026, disclosed income statements, balance sheet data, and stockholders' equity details for the three and nine months ended September 30, 2026 and 2025, including per-share figures, operating expense components, and asset and liability balances.