First Solar's Q3 revenue beats estimates on higher module sales

First Solar

30/10/2025 20:25

Overview

First Solar Q3 net sales of $1.6 bln beat analyst expectations

Net income per diluted share rose to $4.24 from $3.18 in Q2

Company updates 2025 guidance, raising net sales and EPS forecasts

Outlook

First Solar raises 2025 net sales guidance to $4.95 bln-$5.20 bln

Company expects 2025 earnings per share of $14.00-$15.00

First Solar forecasts 2025 operating income of $1.56 bln-$1.68 bln

Result Drivers

INCREASED MODULE SALES - Higher volume of modules sold to third parties drove net sales increase

ENHANCED LIQUIDITY - Improved cash position due to higher cash receipts from module sales and favorable working capital changes

PRICING AND DELIVERY CERTAINTY - Co's ability to offer pricing and delivery certainty amid trade challenges supported results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$1.6 bln
$1.56 bln (28 Analysts)
Q3 EPS
$4.24
Q3 Net Income
$455.94 mln
Q3 Gross Profit
$610.74 mln
Q3 Operating Expenses
$144.65 mln
Q3 Operating Income
$466.09 mln
Q3 Pretax Profit
$460.34 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 35 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

Wall Street's median 12-month price target for First Solar Inc is $240.00, about 0.7% below its October 29 closing price of $241.71

Press Release: ID:nBwbql70za

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)