NASDAQ$FSLR
First Solar, Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported increase in net sales and operating income due to increased module sales and gain on the sale of the Company’s Japan project development platform.
First Solar reported net sales of $621 million and net income per diluted share of $0.52 for the second quarter of 2022. The company's cash, restricted cash, and marketable securities increased to $1.9 billion. They also have a record expected module shipment backlog of over 44 GWDC.
- Net sales of $621 million
- Net income per diluted share of $0.52
- Cash, restricted cash, and marketable securities of $1.9 billion
- Record expected module shipment backlog of over 44 GWDC
Headline financials
Revenue & EPS history
First Solar · Revenue · Quarterly
$621M
Forward guidance
The complete 2022 guidance has been updated with net sales between $2.55B to $2.8B and Earnings (Loss) per Diluted Share between $(0.25) to $0.25
Tailwinds
- Net Sales: $2.55B to $2.8B
- Operating Expenses: $350M to $365M
- Net Cash Balance: $1.3B to $1.5B
- Shipments: 8.9GW to 9.4GW
- Gain related to the sale of the Japan project development and O&M platforms
Headwinds
- Gross Profit: $115M to $165M
- Operating Income: $5M to $70M
- Earnings (Loss) per Diluted Share: $(0.25) to $0.25
- Losses associated with a legacy systems business asset in Chile
- Underutilization losses
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.1%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+5.7%
Avg return
30 days after
46%
33 / 72 earnings
Positive
+29.2%
Q2 2022
Best reaction
-17.4%
Q4 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.9% | +15.1% | +60.7% | |
| Q4 2025 | -3.5% | -17.8% | -21.8% | |
| Q3 2025 | +10.0% | +18.8% | +16.8% | |
| Q1 2025 | -8.3% | -7.3% | +15.2% | |
| Q4 2024 | +6.4% | -13.4% | -13.7% | |
| Q3 2024 | -3.7% | -0.0% | -6.1% | |
| Q2 2024 | -2.0% | -3.3% | +1.2% | |
| Q1 2024 | +2.4% | +9.9% | +54.1% | |
| Q4 2023 | +3.2% | +9.3% | +16.8% | |
| Q3 2023 | +4.8% | +11.5% | +15.7% | |
| Q2 2023 | +5.6% | +2.7% | -10.1% | |
| Q1 2023 | -8.5% | -11.6% | +1.1% | |
| Q4 2022 | +17.8% | +26.5% | +28.4% | |
| Q3 2022 | +1.0% | +13.1% | +30.5% | |
| Q2 2022 | +29.2% | +29.9% | +58.6% | |
| Q1 2022 | +1.2% | +4.1% | -0.2% | |
| Q4 2021 | -7.7% | -4.6% | +11.2% | |
| Q3 2021 | -0.4% | -2.3% | -15.9% | |
| Q2 2021 | +3.1% | +10.6% | +13.1% | |
| Q1 2021 | -13.7% | -16.8% | -14.2% | |
| Q4 2020 | -8.0% | -5.5% | -2.7% | |
| Q3 2020 | +11.4% | +3.9% | +10.4% | |
| Q2 2020 | +11.0% | +6.8% | +9.6% | |
| Q1 2020 | +2.4% | -6.4% | +19.2% | |
| Q4 2019 | -11.8% | -15.3% | -41.3% | |
| Q3 2019 | -4.7% | -3.6% | -1.6% | |
| Q2 2019 | +3.3% | -2.6% | -3.8% | |
| Q1 2019 | +1.5% | +1.3% | -4.6% | |
| Q4 2018 | +3.9% | +0.4% | +1.4% | |
| Q3 2018 | -7.2% | -6.2% | +2.1% | |
| Q2 2018 | -4.4% | -3.1% | -3.6% | |
| Q1 2018 | +5.9% | -8.2% | -7.2% | |
| Q4 2017 | -7.4% | -4.8% | +5.9% | |
| Q3 2017 | +21.7% | +15.7% | +27.9% | |
| Q2 2017 | +7.5% | +9.3% | +4.4% | |
| Q1 2017 | +14.8% | +16.9% | +29.7% | |
| Q4 2016 | -3.6% | +8.8% | -18.0% | |
| Q3 2016 | -15.9% | -17.8% | -26.6% | |
| Q2 2016 | -8.5% | -8.3% | -20.1% | |
| Q1 2016 | -6.9% | — | — | |
| Q4 2015 | +8.1% | — | — | |
| Q3 2015 | +12.2% | — | — | |
| Q2 2015 | +18.8% | — | — | |
| Q1 2015 | -7.4% | — | — | |
| Q4 2014 | +17.9% | — | — | |
| Q3 2014 | -10.6% | — | — | |
| Q2 2014 | +3.9% | — | — | |
| Q1 2014 | -7.1% | — | — | |
| Q4 2013 | -8.7% | — | — | |
| Q3 2013 | +15.1% | — | — | |
| Q2 2013 | -15.4% | — | — | |
| Q1 2013 | -5.6% | — | — | |
| Q4 2012 | -17.4% | — | — | |
| Q3 2012 | -7.2% | — | — | |
| Q2 2012 | +15.4% | — | — | |
| Q1 2012 | -7.0% | — | — | |
| Q4 2011 | -16.4% | — | — | |
| Q3 2011 | -0.9% | — | — | |
| Q2 2011 | -7.5% | — | — | |
| Q1 2011 | +3.2% | — | — | |
| Q4 2010 | -5.4% | — | — | |
| Q3 2010 | -0.0% | — | — | |
| Q2 2010 | +1.0% | — | — | |
| Q1 2009 | +12.4% | — | — | |
| Q1 2010 | +2.5% | — | — | |
| Q4 2009 | -8.8% | — | — | |
| Q4 2007 | -8.8% | — | — | |
| Q3 2008 | -3.8% | — | — | |
| Q3 2009 | -3.8% | — | — | |
| Q2 2008 | -4.2% | — | — | |
| Q2 2009 | -4.2% | — | — | |
| Q4 2008 | -4.2% | — | — |
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