First Solar (NASDAQ: FSLR) Earnings Preview: What to Expect from the Solar Energy Leader

• First Solar (NASDAQ: FSLR) is set to release its earnings report on July 30, 2026, with analysts forecasting earnings per share of $2.90 and revenue of $1.06 billion.
• The company boasts a significant 47.9-gigawatt backlog, valued at $14.40 billion, providing a clear outlook for future sales through 2030.
• While strong U.S. operations are expected to boost profitability, potential challenges from lower factory utilization in Malaysian and Vietnamese facilities could impact profit margins.

First Solar is a leading American company that designs and manufactures solar panels. It is a major player in the renewable energy sector. On July 30, 2026, First Solar is scheduled to release its earnings report. Wall Street analysts expect earnings per share of $2.90 and revenue of $1.06 billion for the quarter.

The revenue estimate is supported by the company's large project pipeline. First Solar currently has a 47.9-gigawatt backlog of orders, valued at $14.40 billion. This substantial backlog provides a clear outlook on the company's potential sales all the way through 2030, which helps support the quarterly revenue forecast.

Profitability, which affects earnings per share, is expected to be helped by strong U.S. operations. As highlighted by Zacks Equity Research, First Solar's domestic manufacturing and demand are key strengths. However, potential challenges include lower factory utilization in its Malaysian and Vietnamese facilities, which could put pressure on the company's profit margins.

Looking at its financial health, First Solar has a price-to-earnings (P/E) ratio of 12.84. This ratio helps investors see how the stock price compares to the company's earnings. First Solar also has a very low debt-to-equity ratio of 0.04, which means it uses little debt to fund its operations, indicating financial stability.

Other factors are also influencing the company. First Solar is currently facing a securities fraud lawsuit, with the Rosen Law Firm reminding investors of an upcoming deadline. In market activity, institutional investor Amundi reduced its stake by 7.50%, while others like Geode Capital Management LLC and Viking Global Investors LP increased their holdings.