First Solar (FSLR) Q3 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
- $5.30
- Estimate
- $4.64
- Surprise
- +14.3%
- Revenue (period 2026-09-30)
- $1.23B
- Score at report (before → after)
- 6.3 → 6.5/10
Revenue source: xbrl.
How the report landed
First Solar (FSLR) beat the $4.64 estimate with adjusted EPS of $5.30 — a large 14.3% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.3/10) to Hold at 6.5/10 after the report.
Coverage in the report window
- First Solar Analysts Cut Their Forecasts After Q3 Earnings — benzinga, 2026-10-30
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 +14.3% surprise compares with a +13.0% four-quarter average.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.4 in RISK_OFF)
- Strong earnings beat streak (3/4)
What argues against it
- Sector modifier (Technology): -0.8
- Below 200-MA, MA slope -5.3%/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
- $176.89
- Price target
- $252.30
- Stop
- $164.51
- Upside to target
- +42.6%
- Reward-to-risk
- 5.3:1
The stock trades at 10.9× trailing but 7.5× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-30 — 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
- $19.01B
- P/E (fwd)
- 7.5
- P/E (ttm)
- 10.9
- 52-week range
- $165.86–$320.95
- Off 52-week high
- 44.9%
- RSI (14)
- 49
- Volume vs avg
- 1.10×
- Score today
- 6.4/10