FSLR - NASDAQ
First Solar, Inc.
$318.30
+5.0%First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.
At a Glance
Live SnapshotFirst Solar, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Strong gross margins indicate healthy pricing and efficient production or service delivery.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.
First Solar, Inc. Income Statement
FSLR • NASDAQ
| First Solar, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
5.2B | 4.2B | 3.3B | 2.6B | 2.9B | 2.7B | 3.1B | 2.2B | 2.9B | 2.9B | 4.1B | 3.4B | 3.3B | 3.4B | 2.8B | 2.6B | 2.1B | 1.2B | 504M | 135M | |
GROSS PROFIT | ||||||||||||||||||||
(3.1B) | (2.3B) | (2B) | (2.5B) | (2.2B) | (2B) | (2.5B) | (1.9B) | (2.4B) | (2.3B) | (3B) | (2.6B) | (2.4B) | (2.5B) | (1.8B) | (1.4B) | (1B) | (567.9M) | (252.6M) | (80.7M) | |
2.1B | 1.9B | 1.3B | 69.9M | 730M | 680.7M | 549.2M | 392.2M | 548.9M | 638.4M | 1.1B | 824.9M | 864.6M | 852.7M | 971.8M | 1.2B | 1B | 678.4M | 251.4M | 54.2M | |
OPERATING INCOME | ||||||||||||||||||||
(437.2M) | (463.4M) | (443.4M) | (97.1M) | (143.2M) | (363.2M) | (711M) | (352.1M) | (371.1M) | (1.2B) | (402.6M) | (402.9M) | (494.2M) | (890.3M) | (1B) | (435.9M) | (365M) | (240.1M) | (114.2M) | (51.4M) | |
(203.8M) | (188.3M) | (197.6M) | (164.7M) | (170.3M) | (222.9M) | (205.5M) | (176.9M) | (202.7M) | (262M) | (255.2M) | (253.8M) | (270.3M) | (280.9M) | (412.5M) | (321.7M) | (286.8M) | (206.5M) | (99.1M) | (45.1M) | |
(233.4M) | (191.4M) | (152.3M) | (112.8M) | (99.1M) | (93.7M) | (96.6M) | (84.5M) | (88.6M) | (124.8M) | (130.6M) | (144M) | (134.3M) | (132.5M) | (140.5M) | (94.8M) | (78.2M) | (33.5M) | (15.1M) | (6.4M) | |
1.7B | 1.4B | 857.3M | -27.2M | 586.8M | 317.5M | -161.8M | 40.1M | 177.9M | -568.2M | 730.2M | 422M | 370.4M | -37.6M | -68.7M | 748.9M | 679.6M | 438.3M | 137.2M | 2.8M | |
PRE-TAX INCOME | ||||||||||||||||||||
(44.1M) | (38.9M) | (13M) | (12.2M) | (13.1M) | (24M) | (27.1M) | (25.9M) | (25.8M) | (20.5M) | (7M) | (2M) | (1.9M) | (13.9M) | (100K) | (6K) | (5.3M) | (509K) | (0.0) | (0.0) | |
37.6M | 50.2M | 84.7M | 21.1M | -6.9M | -7.5M | 21.8M | 33.9M | 9.9M | 4.7M | 15.5M | 16M | 14.9M | -1.1M | 13.3M | 14.4M | 4.5M | 20.6M | 0.0 | 0.0 | |
(0.0) | (83.8M) | (93.5M) | -180.4M | -126.2M | (46.5M) | (408.9M) | (90.7M) | (79.8M) | (819.8M) | (16.8M) | (5.1M) | (89.7M) | (476.9M) | (487.4M) | (19.4M) | (0.0) | (0.0) | (0.0) | (0.0) | |
-102.6M | 11.9M | 34M | 35.8M | -14.6M | -26.4M | 41.4M | 107.7M | 28.5M | 175.2M | -104.4M | 5.2M | 10.4M | -2.2M | 15M | 13.2M | 6.7M | 25.4M | 18.8M | 6.4M | |
1.6B | 1.4B | 891.3M | 8.6M | 572.2M | 291.1M | -120.4M | 147.8M | 206.4M | -392.9M | 625.7M | 427.2M | 380.8M | -39.8M | -53.7M | 762.1M | 686.3M | 463.8M | 156M | 9.2M | |
NET INCOME | ||||||||||||||||||||
(52.7M) | (114.3M) | (60.5M) | (52.8M) | (103.5M) | -107.3M | -5.5M | (3.4M) | (372M) | (23.2M) | (32.3M) | (31.2M) | (30.1M) | (56.5M) | -14.2M | (97.9M) | (46.2M) | (115.4M) | -2.4M | (5.2M) | |
1.5B | 1.3B | 830.8M | -44.2M | 468.7M | 398.4M | -114.9M | 144.3M | -165.6M | -416.1M | 593.4M | 396M | 350.7M | -96.3M | -39.5M | 664.2M | 640.1M | 348.3M | 158.4M | 4M |
SEC Filings
FSLR - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 15, 2026 | May 13, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 30, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 30, 2026 | April 30, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 02, 2026 | April 02, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 24, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 24, 2026 | February 24, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 19, 2026 | February 13, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | October 30, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 30, 2025 | October 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 21, 2025 | October 20, 2025 | 2025 |
Related Guides
Continue your FSLR research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.