What move does the options market price into First Solar's report?

Implied ±21.8%, either direction · provisional.

How often does First Solar move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

FSLRNasdaqSemiconductors & Related Devices

First Solar, Inc. (FSLR) earnings date, market-implied expected move, and options open interest by expiry

185.95

+3.90 · +2.14%

post 188.40 +1.32%

After hours18:45 ETdelayed

Open185.08Volume3.3MMkt cap$19.6BP/E10.88EPS17.32

Day183.00 – 188.40100%52-wk165.86 – 320.9515%

FSLR

First Solar, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±21.8%implied · straddle

145.46226.34

spot 185.90exp Mar 19ATM strike 185ATM straddle 47.57IV 53%

Nov 3 closeprovisional

Expected move

Inputs

Next report

Feb 23

after close · in 112 days

est.Q4 FY26

Calendar

Next report

Last report

−1.41%

vs ±6.8% implied · ×0.21

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmed

Implied vs realized

Linked news

News

Largest filed tie

13F top-10 QoQ

+5.75%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

1,016 managers

Top fund weight

0.70%

FSLR weight · FTC

N-PORTJul 31 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

First Solar (FSLR) is expected to report on Feb 23 after close (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±6.5%
avg realized: ±7.1%

Feb 25 '25Feb 25 '25confirmed±7.6%▲+6.36%×0.84

Apr 29 '25Apr 29 '25confirmed±7.2%▼−8.32%×1.16

Jul 31 '25Jul 31 '25confirmed±5.2%▲+5.29%×1.02

Oct 30 '25Oct 30 '25confirmed±5.5%▲+14.28%×2.59

Feb 24 '26Feb 24 '26confirmed±7.3%▼−13.61%×1.87

Q1 FY26Apr 30 '26confirmed±6.8%▲+4.86%×0.72

Q2 FY26Jul 30 '26confirmed±5.9%▲+2.44%×0.41

Q3 FY26Oct 29 '26confirmed±6.8%▼−1.41%×0.21

quarterimplied−15%0+15%realized×

Q3 FY26±6.8%▼−1.41%×0.21

Q2 FY26±5.9%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 7 expiries · Oct 28 close

0.53OI · 7 expiries · Oct 28 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

4 nearer expiries

4,580+4%Nov 63d0.4410,462+22%0.44

1,138+9%Nov 1310d0.1110,023+24%0.11

16,6880%Nov 2017d0.7821,349+13%0.78

533+1%Nov 2724d0.114,852+188%0.11

19,753+1%Dec 1845d0.4841,501+8%0.48

87,1690%Jan 1573d1.0483,5460%1.04

report · Feb 23 · after close · est.

ExpiryPutsCallsP/C

4 nearer expiries

Nov 63d4,580+4%10,462+22%0.44

Nov 1310d1,138+9%10,023+24%0.11

Nov 2017d16,6880%21,349

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±21.8%

Funds 4

FTC±0.2%

RSP±0.0%

XLK±0.0%

VUG±0.0%

Customers 1

NEE±2.4%×0.11

Dashed = straddle · × = co-movement · max 500dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

46.39%as filednet margin · revenue +16.54% QoQ · −22.82% YoY

Revenue

$1.2B+16.54% QoQ

Gross profit

$713M+17.86% QoQ

57.93% margin

Operating income

$546M+21.25% QoQ

44.37% margin

Pre-tax income

$566M+23.22% QoQ

Net income

$571M+35.14% QoQ

46.39% margin

Cost of revenue

$518M+14.78% QoQ

Operating expenses

$167M+7.98% QoQ

R&D $67M

SG&A $65M

Marketing $34M

Other income

$20M+121.57% QoQ

Tax benefit

$5M

Revenue$1.2B+16.54%

Gross profit

$713M+17.86%

57.93% margin

Operating income

$546M+21.25%

44.37% margin

Pre-tax income

$566M+23.22%

Net income

$571M+35.14%

46.39% margin

Cost of revenue

$518M+14.78%

Operating expenses

$167M+7.98%

R&D $67M

SG&A $65M

Marketing $34M

Other income$20M+121.57%

Tax benefit$5M

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 18:45 ET

Intraday

Event sensitivity

GDP ×1.27· ±3.2% vs ±2.5% · 19 releases

eventrelease day|move|up · n×base

GDPgross domestic product±3.2%10 of 19×1.27

NFPjobs report±2.9%5 of 10×1.13

PCEpersonal income & outlays±2.6%9 of 19×1.02

CPIconsumer prices±2.5%6 of 10×1.00

CPROFcorporate profits±2.4%6 of 12×0.94

FOMCrate decision±2.3%15 of 24×0.92

PPIproducer prices±2.2%6 of 10×0.87

Bar = avg |move| to ±4% · tick = ±2.5% avg day · ×base = |move| ÷ ±2.5% · min 6 releases

Earnings history

EPS 5.30 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 29 '26 · confirmed	5.30	—
Q2 FY26	Jul 30 '26 · confirmed	3.92	—
Q1 FY26	Apr 30 '26 · confirmed	3.22	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod