First Solar set to report Q2 earnings with $2.90 EPS forecast and $1.06B revenue on strong U.S. demand.

First Solar will release its Q2 2026 earnings report on July 30, with analysts expecting earnings per share of $2.90 and revenue of $1.06 billion. The company's large backlog of 47.9 gigawatts valued at $14.40 billion supports strong future sales through 2030. While U.S. operations are expected to boost profitability, lower factory utilization in Malaysia and Vietnam may pressure profit margins. First Solar maintains financial stability with a low debt-to-equity ratio and a P/E ratio of 12.84, but it faces a securities fraud lawsuit and some shifts in institutional ownership ahead of the report.