First Solar (FSLR)
NASDAQInformation TechnologySolarSnapshot 2026-09-04
$204.45-1.43%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologySolarSnapshot 2026-09-04
QuarterlyIQ Insights · FSLR
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within information technology on a research-validated quality screen. As of 2026-09-04.
The screen ranks FSLR against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated neutral grew net income 55% of the time over the next year (vs 56% for the rest of the cohort, n=8445).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Met or beat guidance 50% of the last 2 guided quarters · 6.8% avg surprise
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue to achieve net sales in the range of $4.9 billion to $5.2 billion for fiscal year 2026 as previously guided.
Stated as a priority in 5 of last 5 quarters. Revenue was $1.04B in 2026-Q1 and $1.06B in 2026-Q2, consistent with the 2026 guidance range of $4.9B to $5.2B. Management has consistently reaffirmed this revenue guidance, and the trajectory is delivering in line with expectations.
“Our 2026 guidance remains unchanged ... Net Sales $4.9B to $5.2B Unchanged”
“Our 2026 guidance remains unchanged ... Net Sales $4.9B to $5.2B Unchanged”
“2026 net sales guidance of $4.9 billion to $5.2 billion”
“Our 2025 guidance has been updated ... Net Sales $4.95B to $5.20B”
“Our 2025 guidance has been updated ... Net Sales $4.9B to $5.7B”
Maintain operating expenses within the guided range of $610 million to $635 million for fiscal year 2026.
Stated as a priority in 5 of last 5 quarters. Operating income improved from $345M in 2026-Q1 to $450M in 2026-Q2, consistent with controlled operating expenses within the $610M to $635M guidance range. Management has maintained this expense guidance steadily, indicating delivery on cost control.
“Our 2026 guidance remains unchanged ... Operating Expenses $610M to $635M Unchanged”
Maintain capital expenditures in the range of $800 million to $1 billion for fiscal year 2026 as guided.
Stated as a priority in 5 of last 5 quarters. Capital expenditures were $279.8M in 2026-Q1, consistent with the annual guidance range of $0.8B to $1.0B. Management has consistently maintained this capex guidance, indicating disciplined capital allocation.
Grow contracted sales backlog and module sales volume to support long-term demand through 2030.
Stated as a priority in 2 of last 2 quarters. Contracted sales backlog was 47.9 GW in 2026-Q1 and 45.1 GW in 2026-Q2, showing a slight decline. Despite record sales volume in Q2 2026, backlog decreased, indicating mixed progress on backlog expansion.
“Ended the quarter with approximately 45.1 GW of contracted backlog extending through 2030”
Over the trailing year it converted 0.01x of net income into operating cash flow. Historically, Information Technology names rated fragile grew net income 42% of the time over the next year (vs 59% for the rest of the cohort, n=3128).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
6 material management or governance events in the past 24 months, led by M&A activity. Historically, Information Technology names rated stable grew net income 54% of the time over the next year (vs 60% for the rest of the cohort, n=2709).
Not investment advice. As of 2026-09-04.
“Our 2026 guidance remains unchanged ... Operating Expenses $610M to $635M Unchanged”
“Operating Expenses $610M to $635M Unchanged”
“Operating Expenses updated to $515M to $535M for 2025”
“Operating Expenses $480M to $520M for 2025”
“Our 2026 guidance remains unchanged ... Capital Expenditures $0.8B to $1.0B Unchanged”
“Our 2026 guidance remains unchanged ... Capital Expenditures $0.8B to $1.0B Unchanged”
“Capital Expenditures $0.8B to $1.0B Unchanged”
“Capital Expenditures updated to $0.9B to $1.2B for 2025”
“Capital Expenditures $1.0B to $1.5B Unchanged”
“Contracted sales backlog of 47.9 GW as of March 31, 2026”