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 Buy (Wait) at 6.4/10.
2 of the last 4 quarters beat the estimate; this quarter's +39.1% surprise compares with a +9.1% four-quarter average. Next scheduled report: 2026-10-29.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.4 in RISK_OFF)
- High-quality business
What argues against it
- Sector modifier (Technology): -0.8
- Below 200-MA, MA slope -5.3%/30d (confirmed downtrend)
- Earnings today - binary event risk
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
- $174.69
- Entry target
- $169.17
- Price target
- $252.30
- Stop
- $160.88
- Upside to target
- +44.4%
- Reward-to-risk
- 5.6:1
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 2026-10-29 — 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
- $18.95B
- P/E (fwd)
- 7.5
- P/E (ttm)
- 10.9
- 52-week range
- $165.86–$320.95
- Off 52-week high
- 45.6%
- RSI (14)
- 46
- Volume vs avg
- 0.03×
- Score today
- 6.4/10