First Solar (FSLR) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $3.92
- Estimate
- $2.82
- Surprise
- +39.1%
- Revenue (period 2026-06-30)
- $1.06B
- Score at report (before → after)
- 6.7 → 7.0/10
Revenue source: xbrl.
How the report landed
First Solar (FSLR) beat the $2.82 estimate with adjusted EPS of $3.92 — a large 39.1% upside surprise. TrendMatrix's engine moved from Hold (6.7/10) to Buy (Wait) at 7.0/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates FSLR Hold at 6.4/10.
3 of the last 4 quarters beat the estimate; this quarter's +39.1% surprise compares with a +13.0% four-quarter average. Next scheduled report: 2027-02-23.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.0 in RISK_OFF)
- Strong earnings beat streak (3/4)
What argues against it
- Sector modifier (Technology): -0.8
- Weak growth
- Below 200-MA, MA slope -5.4%/30d (confirmed downtrend)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $185.90
- Price target
- $252.30
- Stop
- $172.89
- Upside to target
- +35.7%
- Reward-to-risk
- 3.3:1
The stock trades at 10.8× trailing but 8.1× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: trading volume is running 1.6× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-11-04 — shown for context, not personalized investment advice.
FSLR at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Solar
- Market cap
- $19.98B
- P/E (fwd)
- 8.1
- P/E (ttm)
- 10.8
- 52-week range
- $165.86–$320.95
- Off 52-week high
- 42.1%
- RSI (14)
- 58
- Volume vs avg
- 1.56×
- Score today
- 6.4/10