First Solar, Inc. (FSLR) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for joining us on today's earnings call. Joining me today are our Chief Executive Officer, Mark Whitmore, and our Chief Financial Officer, Alex Bradley. During this call, we will review our financial performance for the quarter and discuss our business outlook for the remainder of 2025. Following our remarks, we will open the call for questions. Before we begin, please note that some statements made today are forward-looking and involve risks and uncertainties that could cause actual results to differ materially from management's current expectations. We undertake no obligation to update these statements due to new information or future events. For discussion of factors that could cause these results to differ materially, please refer to today's earnings press release and our most recent annual report on Form 10-K, as supplemented by our other filings with the SEC, including our most recent quarterly report on Form 10-Q. You can find these documents on our website at .FirstSolar.com. With that, I'm pleased to turn the call over to our CEO, Mark Whitmore. Mark. Good afternoon, thank you for joining us today. Beginning on slide three, I will share some key highlights from Q2 2025. We recorded 3.6 gigawatts of module sales during the quarter above the midpoint of what we forecasted on the previous earnings call. Our Q2 earnings per diluted share came in above the high end of our guidance range at $3.18 per share. From a manufacturing standpoint, we produced 4.2 gigawatts in Q2 with 2.4 gigawatts produced from our US facilities and 1.8 gigawatts from our international facilities. We progressed our domestic capacity expansion during the quarter, continuing to ramp up at our Alabama facility. As of today, equipment installation and commissioning at our Louisiana ...