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First Solar posts higher Q2 profits, but policy and tariff risks loom
The solar module maker reported net sales of $1.056 billion in Q2 2026 and EBITDA margin of 55%, alongside a 45.1 GW contracted backlog through 2030.
First Solar reported stronger second-quarter 2026 results, showing its shift from a solar theme into a profit-generating manufacturer. According to MarketBeat Ratings, the company posted net sales of $1.056 billion, with operating income rising to $450.4 million and net income increasing to $423 million.
The outlet said adjusted EBITDA climbed to $644 million, and diluted earnings per share improved to $3.92. It also noted that First Solar’s EBITDA margin expanded to 55% from 43% in the year-ago quarter.
Despite the improved profitability, the story highlighted that First Solar faces ongoing uncertainty tied to U.S. clean-energy incentives and Washington policy. MarketBeat Ratings pointed to tariff and shifting trade policy as key risks for a business whose fortunes depend as much on regulation as on global solar demand.
MarketBeat Ratings also cited the company’s contracted backlog as a key metric, saying it totaled 45.1 gigawatts through 2030, after an expected 64 GW a year earlier. The article frames the backlog as supportive for sales visibility, but suggests maintaining momentum may be difficult amid policy volatility.