First Solar
Q2 2022 Earnings Call
Jul 28, 2022, 4:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good afternoon, everyone, and welcome to First Solar's second quarter 2022 earnings call. This call is being webcast live on the investors section of First Solar's website at investor.firstsolar.com. [Operator instructions] As a reminder, today's call is being recorded. I would now like to turn the call over to Richard Romero from First Solar investor relations.
Richard, you may begin.
Richard Romero -- Investor Relations
Good afternoon and thank you for joining us. Today, the company issued a press release announcing a second quarter 2022 financial results. A copy of the press release and associated presentation are available on First Solar's website at investor.firstsolar.com. With me today are Mark Widmar, chief executive officer; and Alex Bradley, chief financial officer.
Mark will begin by providing a business and technology update. Alex will then discuss our financial results for the quarter, provide a guidance update and also provide some insight into our pricing strategy and our vision for gross margin expansion. Mark will then provide perspective on the domestic and international policy environment. Following their remarks, we will open the call for questions.
Please note, this call will include forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from management's current expectations. We encourage you to review the safe harbor statements contained in today's press release and presentation for a more complete description. It is now my pleasure to introduce Mark Widmar, chief executive officer. Mark?
Mark Widmar -- Chief Executive Officer
Thank you, Richard. Good afternoon and thank you for joining us today. To begin, we are pleased with our second quarter results, including earnings per share of $0.52. This result was benefited by the previously announced closing of the sale of our project development platform in Japan, partially offset by an impairment of the legacy system business project in Chile, which will be discussed later during the call.
We've also continued our booking momentum, further strengthening our backlog of future expected deliveries, which now stands at a record 44.3 gigawatts. The 10.4 gigawatts of new bookings since our prior earnings call in April are mostly for deliveries in 2024 to 2026 timeframe and have a base ASP, excluding adjusters of $0.301. These new deals bring our total year-to-date bookings to 27.1 gigawatts. From an ASP perspective, we are encouraged by the pricing trajectory of our bookings as we continue to transact for deliveries as far out as 2026.