The earnings call highlighted strong production figures, facility expansions, and technological advancements. However, these were offset by significant challenges, including a substantial warranty charge, market pressures in India, and various operational setbacks.

Company Guidance

During the third quarter of 2024 earnings call, First Solar provided updated guidance and highlighted several key metrics regarding their operations and financial performance. The company reported a contracted backlog totaling 73.3 gigawatts, with net bookings of 4 gigawatts year-to-date. Record quarterly production reached 3.8 gigawatts, although financial results were impacted by a $50 million product warranty charge related to Series 7 manufacturing issues. First Solar's new Alabama facility started operations, contributing to a projected over 14 gigawatts of annual U.S. nameplate capacity by 2026. Financially, the company adjusted its full-year guidance, projecting net sales between $4.1 billion and $4.25 billion, with a gross margin of $1.95 billion to $2 billion, inclusive of $1.02 billion to $1.05 billion in Section 45X tax credits. Operating income is expected to range from $1.48 billion to $1.54 billion, and earnings per diluted share are projected to be between $13 and $13.50.

Record Production and New Facility Inauguration

Achieved record production of 3.8 gigawatts in Q3 and inaugurated a new $1.1 billion facility in Alabama, adding 3.5 gigawatts of capacity.

Strong Contracted Backlog

Year-to-date net bookings reached 4 gigawatts, with a total contracted backlog of 73.3 gigawatts.

Technological Advancements

Launched CuRe production and started perovskite development line to accelerate next-gen thin film photovoltaic technology.

Intellectual Property Protection

Notified Tier 1 manufacturers of potential infringement on First Solar's TOPCon patents, upholding patent validity in China.

Industry Recognition

Recognized by MIT Technology Review as a leading climate tech company and made debut on Time Magazine's World's Best Companies list.

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First Solar (DE:F3A) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:F3A Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 20, 2025	2024 (Q4)	4.65 / -	3.126	―	―	―
Oct 29, 2024	2024 (Q3)	3.03 / 2.80	2.405	16.40% (+0.39)
Jul 30, 2024	2024 (Q2)	2.60 / 3.13	1.529	104.40% (+1.60)
May 01, 2024	2024 (Q1)	1.92 / 2.12	0.385	450.00% (+1.73)
Feb 27, 2024	2023 (Q4)	3.02 / 3.13	-0.067	4742.86% (+3.19)
Oct 31, 2023	2023 (Q3)	1.96 / 2.40	-0.442	643.48% (+2.85)
Jul 27, 2023	2023 (Q2)	0.96 / 1.53	0.5	205.77% (+1.03)
Apr 27, 2023	2023 (Q1)	0.95 / 0.38	-0.394	197.56% (+0.78)
Feb 28, 2023	2022 (Q4)	-0.16 / -0.07	1.183	-105.69% (-1.25)
Oct 27, 2022	2022 (Q3)	-0.24 / -0.44	0.404	-209.52% (-0.85)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:F3A Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 29, 2024	€188.72	€181.42	-3.87%
Jul 30, 2024	€202.40	€198.46	-1.95%
Feb 27, 2024	€134.08	€136.20	+1.58%
Oct 31, 2023	€132.04	€134.62	+1.95%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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