•
Sep 30, 2022

First Solar Q3 2022 Earnings Report

Announced third quarter 2022 financial results, including net sales of $629 million and a net loss per diluted share of $0.46.

Key Takeaways

First Solar reported net sales of $629 million for the third quarter, an increase of $8 million from the prior quarter. The company reported a net loss per diluted share of $0.46, compared to income per diluted share of $0.52 in the prior quarter.

Net sales of $629 million

Net loss per diluted share of $0.46

Cash, cash equivalents, restricted cash, and marketable securities of $1.9 billion

YTD net bookings of 43.7 GWDC

Total Revenue
$629M
Previous year: $584M
+7.8%
EPS
-$0.46
Previous year: $0.42
-209.5%
Gross Profit
$21M
Previous year: $125M
-83.2%
Cash and Equivalents
$1.15B
Previous year: $1.37B
-15.8%
Free Cash Flow
-$94.3M
Previous year: $141M
-167.0%
Total Assets
$7.49B
Previous year: $7.27B
+3.1%

First Solar

First Solar

Forward Guidance

First Solar updated its 2022 guidance, including net sales of $2.6B to $2.7B and loss per diluted share of $(0.65) to $(0.35).