NASDAQ$FSLR
First Solar, Inc. · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported strong financial results driven by international project sales and increased module volume.
First Solar announced strong financial results for Q3 2020, with net sales of $928 million and net income per share of $1.45. The company's cash, restricted cash, and marketable securities totaled $1.7 billion.
- Net sales reached $928 million.
- Net income per share was $1.45.
- Cash, restricted cash, and marketable securities amounted to $1.7 billion.
- 1.6 GWDC of bookings since prior earnings call.
Headline financials
Revenue & EPS history
First Solar · Revenue · Quarterly
$928M
Forward guidance
First Solar reinstated financial guidance for the fourth quarter 2020, projecting net sales between $540 million and $790 million and earnings per share between $1.00 and $1.50.
Tailwinds
- Net Sales: $540M to $790M
- Gross Margin %: 26.5% to 27.0%
- Operating Income: $50M to $120M
- Earnings per Share: $1.00 to $1.50
- Net Cash Balance: $1.2B to $1.3B
Headwinds
- Operating Expenses: $90M to $95M
- Capital Expenditures: $123M to $223M
- Shipments: 1.8GW to 2.0GW
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 Q3 2020
+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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