Filing Flows › First Solar (FSLR) › Guidance history
First Solar (FSLR) guidance history: what it guided and what it reported
First Solar gave guidance in 10 earnings releases on file since Oct 31, 2023. Of 2 guided periods since reported, it met or beat its own guidance once (50%). Revenue: 1 of 2, on average -1.8% against the guided midpoint. Its releases raised guidance 4 times and lowered it twice.
Revenue
Met or beat 1 of 2 periods (1 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $4.9B–$5.2B (Feb 24, 2026) → lowered $4.6B–$4.9B (Oct 29, 2026) | — | to be reported | — |
| FY2025 | $5.3B–$5.8B (Feb 25, 2025) → lowered $5.0B–$5.2B (Oct 30, 2025) | $5.2B | above the range | +2.8% |
| FY2024 | $4.4B–$4.6B (Feb 27, 2024) → reaffirmed $4.4B–$4.6B (May 1, 2024) → reaffirmed $4.4B–$4.6B (Jul 30, 2024) | $4.2B | below the range | -6.5% |
Operating income
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $1.9B–$2.3B (Feb 25, 2025) | — | — | — |
| FY2024 | $1.5B–$1.6B (Feb 27, 2024) → reaffirmed $1.5B–$1.6B (Oct 29, 2024) | — | — | — |
Operating expenses
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $470M–$510M (Feb 25, 2025) | — | — | — |
| FY2024 | $455M–$485M (Feb 27, 2024) | — | — | — |
EPS
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q1 2025 | $2.20–$2.70 (Feb 25, 2025) | — | — | — |
| FY2025 | $17.00–$20.00 (Feb 25, 2025) → lowered $14.00–$15.00 (Oct 30, 2025) | — | — | — |
| FY2024 | $13.00–$14.00 (Feb 27, 2024) → reaffirmed $13.00–$14.00 (May 1, 2024) → reaffirmed $13.00–$14.00 (Jul 30, 2024) | — | — | — |
| FY2023 | $7.20–$8.00 (Oct 31, 2023) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $800M–$1.0B (Feb 24, 2026) → lowered $600M–$800M (Oct 29, 2026) | — | to be reported | — |
| FY2025 | $1.3B–$1.5B (Feb 25, 2025) → lowered $900M–$1.2B (Oct 30, 2025) | $870M (GAAP) | not judged | — |
| FY2024 | $1.7B–$1.9B (Feb 27, 2024) → raised $1.8B–$2.0B (May 1, 2024) | $1.5B (GAAP) | not judged | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q1 2026 | $400M–$500M (Feb 24, 2026) | — | — | — |
| FY2026 | $2.6B–$2.8B (Feb 24, 2026) | — | to be reported | — |
The latest quarter
First Solar, Q3 2026: revenue $1.2B (-23% year over year), operating margin 44.4%, net earnings $571M, operating cash flow −$42.9M. The chart follows the revenue to costs, profit and cash.
Questions
Does First Solar beat its guidance?
First Solar gave guidance in 10 earnings releases on file since Oct 31, 2023. Of 2 guided periods since reported, it met or beat its own guidance once (50%). Revenue: 1 of 2, on average -1.8% against the guided midpoint.
How often does First Solar raise guidance?
Its earnings releases raised guidance 4 times and lowered it twice since Oct 31, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.