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 · 2026-10-29 vs the prior 10-Q · 2026-07-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +22 | −22 | ~59 | 55 |
| 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 | +5 | −1 | ~1 | 11 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +2 | −5 | ~1 | 0 |
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 · 2026-10-29
•During the three months ended June 30, 2026, we began submitting and receiving payment for eligible refund claims for tariffs paid pursuant to the International Emergency Economic Powers Act (“IEEPA”) prior to the U.S. Supreme Court’s ruling that such tariffs were unlawful. During the three months …
Despite this competition, module pricing in the United States, our primary market, remained relatively stable due, in part, to the rising demand for domestically manufactured modules as a result of the IRA, energy tax credit eligibility restrictions (including foreign-entity-related limitations) as …
We face intense competition from manufacturers of crystalline silicon solar modules and other emerging technologies. Solar module manufacturers compete with one another on sales price per watt, which may be influenced by several module value attributes, including energy yield, wattage (through a lar…
Net sales decreased $363.9 million for the three months ended September 30, 2026 compared to the three months ended September 30, 2025 primarily due to a 22.0% decrease in the volume of modules sold to third parties and lower revenue associated with customer contract terminations.
Net sales decreased $205.2 million for the nine months ended September 30, 2026 compared to the nine months ended September 30, 2025 primarily due to lower revenue associated with customer contract terminations and a 1.4% decrease in the average selling price per watt primarily driven by estimated p…
Text removed 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;
•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.
We face intense competition from manufacturers of crystalline silicon solar modules and other emerging technologies. Solar module manufacturers compete with one another on sales price per watt, which may be influenced by several module value attributes, including energy yield, wattage (through a lar…
elimination, or expiration of government subsidies, economic incentives, eligibility limitations, tax incentives, renewable energy targets, and other support for on-grid solar electricity applications, or the impact of other public policies, such as tariffs or other trade remedies imposed on solar c…
structures within a defined threshold, among other things. As a result, the revenue recognized from such contracts may increase or decrease in future periods relative to the original transaction price or may otherwise be impacted if a contract is canceled.
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-10-29
On September 28, 2026, First Solar filed suit in the district court for the District of Delaware asserting that JA Solar Technology Co., Ltd.; JA Solar International, Ltd.; JA Solar Vietnam Co., Ltd.; JA Solar Industrial Corp.; and American Panel Solutions LLC (collectively, “JA Solar”) directly and…
On September 21, 2026, BYD America LLC (“BYD”) filed suit in the district court for the Northern District of California seeking declaratory judgment that it does not infringe First Solar’s ’074 Patent through its manufacture, import, use, sale, and offering for sale of certain TOPCon solar products …
On September 23, 2026, TOYO Co., Ltd., TOPTOYO Investment PTE. Ltd., TOYO Solar Manufacturing One Member Private Limited Company, TOYO Solar Texas LLC, VSUN Solar USA Inc., Vietnam Sunergy Joint Stock Company, and Vietnam Sunergy (Bac Ninh) Company Limited (collectively, “TOYO”) filed suit in the di…
’732 Patents through its manufacture, import, use, sale, and offering for sale of certain TOPCon solar products. First Solar’s deadline to answer or otherwise respond to the complaint is November 2, 2026.
On February 24, 2026, First Solar filed a petition with the USITC asserting that entities affiliated with Axitec Solar, Canadian Solar, JA Solar, JinkoSolar, Mundra, Philadelphia Solar, Hanwha QCells, Runergy, Trina Solar, and VSUN (collectively, the “Respondents”) directly and indirectly infringe a…
Text removed vs the prior filing · source: 10-Q · 2026-07-30
On February 24, 2026, First Solar filed a petition with the USITC asserting that entities affiliated with Axitec Solar, Canadian Solar, JA Solar, JinkoSolar, Mundra, Philadelphia Solar, Hanwha QCells, Runergy, Trina Solar, and VSUN (collectively, the “Respondents”) directly and indirectly infringe a…
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-29
Georges AntounChief Commercial OfficerAdoptionAugust 5, 2026August 6, 202729,748
(1)Represents the gross number of shares subject to the Rule 10b5-1(c) plan, excluding the potential effect of shares withheld for taxes. Amounts related to performance units are presented at their target amounts. The actual number of performance units that vest following the end of the applicable p…
Text removed vs the prior filing · source: 10-Q · 2026-07-30
Markus GloecklerChief Technology OfficerAdoptionMay 4, 2026November 5, 20265,854
Michael KoralewskiChief Supply Chain OfficerAdoptionMay 4, 2026November 13, 20267,000
Jason DymbortGeneral Counsel & SecretaryAdoptionMay 12, 2026October 30, 20264,700
Kuntal Kumar VermaChief Manufacturing OfficerAdoptionMay 27, 2026November 13, 20262,000
(1)Represents the gross number of shares subject to the Rule 10b5-1(c) plan, excluding the potential effect of shares withheld for taxes.
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