On July 30, First Solar announced its latest earnings report, and the company achieved significant growth in the second quarter.
It is reported that the company's net sales in the second quarter reached about $1.06 billion (about 7.197 billion yuan), down 3.7% from the same period last year, mainly due to the termination of customer contracts leading to a decrease in revenue; Net profit of $423 million, an increase of about 24% year-on-year; gross profit margin expanded to about 57% ; Adjusted EBITDA was $644 million (compared to $5 in the same period last year).
The company has signed orders in hand 45.
In the second quarter, First Solar's factories in the United States continued to maintain high capacity utilization. Production was 4.3GW and sales were 3.7GW, compared with 4.2GW and 3.2GW in the same period last year. In addition to the US plant, First Solar has plants in India, Malaysia and Vietnam, as of the end of the quarter. The company's global cumulative " First Solar's integrated production capacity in the United States will remain at nearly full capacity until 2028, the company said. In terms of
production line construction, the first phase of the company's module plant in South Carolina is still on schedule and will be put into operation in the second half of 2026; the second phase of the project is expected to be completed in mid-2027. When the South Carolina plant is completed, it is expected to add 3 to First Solar.
The company also continues to push ahead with its " outlook, with First Solar maintaining its full year 2026 guidance. It is estimated that the total annual sales volume of modules will be 17.0 GW to 18.
Module sales in the third quarter are expected to reach 3.9 GW to 4.5G W , of which 3.2G W to 3.
It is noteworthy that in the first half of 2026, the growth momentum of solar power generation in the United States is strong. Several milestones have been achieved in deployment and power generation. Solar continues its five-year lead in new generation capacity in the U.S. Solar < a href = "https://www.databm." in May 2026, according to the Solar Energy Industries Association (SEIA).
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