FSLR — what changed in the latest 10-Q
A section-by-section comparison of FSLR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-30 vs the prior 10-Q · 2026-04-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +49 | −31 | ~33 | 54 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | Text added/removed | +1 | −1 | ~3 | 9 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +3 | −1 | ~2 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-30
•our ability to obtain, realize, or timely collect tariff refunds, including refunds filed with U.S. Customs and Border Protection relating to IEEPA duties, and the amount and timing of such recoveries;
•Net sales for the three months ended June 30, 2026 decreased by 3.7% to $1.1 billion compared to the same period in 2025. The decrease was primarily due to lower revenue associated with customer contract terminations, partially offset by a 5.3% increase in the volume of modules sold to third partie…
•During the three months ended June 30, 2026, we produced 4.3 GW and sold 3.7 GW of solar modules, compared to 4.2 GW produced and 3.6 GW sold in the same period in 2025.
•In May 2026, we satisfied all obligations under the India Credit Facility by prepaying the final principal amount of $328.2 million and outstanding interest of $5.5 million.
However, given the combination of (i) a European market captured by Chinese solar modules, where pricing is at levels near or below manufacturing costs; (ii) an Indian market effectively closed to Southeast Asian products; (iii) a general supply and demand imbalance for Southeast Asian products; and…
Text removed vs the prior filing · source: 10-Q · 2026-04-30
•Net sales for the three months ended March 31, 2026 increased by 23.6% to $1.0 billion compared to $0.8 billion for the same period in 2025. The increase was primarily due to a 30.9% increase in the volume of modules sold to third parties, partially offset by a lower average sales price per watt, r…
•During the three months ended March 31, 2026, we produced 4.3 GW and sold 3.8 GW of solar modules.
•In October 2025, we entered into two separate agreements for the sale of $699.7 million of Section 45X tax credits we generated during 2025 for aggregate cash proceeds of $668.2 million. We received $573.0 million during 2025 and received the remaining cash proceeds of $95.2 million in February 202…
However, given the combination of (i) a European market captured by Chinese solar modules, where pricing is at levels near or below manufacturing costs; (ii) an Indian market effectively closed to Southeast Asian products; (iii) a general supply and demand imbalance for Southeast Asian products; and…
In light of these market realities, we continue to advocate for industrial and trade policies that provide a level playing field for manufacturers of solar wafers, cells, and modules. We also continue to focus on our strategies and points of differentiation, which include our proprietary advanced mo…
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-07-30
On February 10, 2026, First Solar filed and served a motion seeking dismissal of each of the Defendants’ counterclaims. Oral argument of the Motion to Dismiss has been scheduled for July 29, 2026.
Text removed vs the prior filing · source: 10-Q · 2026-04-30
On February 10, 2026, First Solar filed and served a motion seeking dismissal of each of the Defendants’ counterclaims. The Parties have agreed to an extended briefing schedule, and the motion will not be fully briefed until May 2026. A decision is not expected before August 2026.
Other information
Text added vs the prior filing · source: 10-Q · 2026-07-30
Markus GloecklerChief Technology OfficerAdoptionMay 4, 2026November 5, 20265,854
Jason DymbortGeneral Counsel & SecretaryAdoptionMay 12, 2026October 30, 20264,700
Kuntal Kumar VermaChief Manufacturing OfficerAdoptionMay 27, 2026November 13, 20262,000
Text removed vs the prior filing · source: 10-Q · 2026-04-30
Caroline StockdaleChief People & Communications OfficerAdoptionFebruary 27, 2026October 30, 202610,628
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice