First Solar is expected to report Q2 2026 revenue of $1.06 billion and EPS of $2.74, while the current stock price of $202.59 remains significantly below the average analyst target of $257.10.
Investors are laser-focused on the company's contracted backlog, which currently stands at 47.9 gigawatts, providing visibility through 2030 but showing signs of depletion from the prior year.
The upcoming report will also highlight the critical role of Section 45X tax credits, which management anticipates will contribute over $2 billion to 2026 guidance. Despite facing sector-wide headwinds and shipment contractions, First Solar's domestic manufacturing footprint and independence from Chinese supply chains continue to underpin its competitive advantage.