First Solar, Inc. (FSLR)FSLRFirst Solar, Inc.

Financials

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	5.38B	1.06B	1.04B	1.68B	1.59B	1.10B	844.57M	1.51B	887.67M
Cost of Goods Sold	3.01B	451.19M	558.11M	1.02B	984.11M	597.32M	500.17M	946.37M	442.36M
Gross Profit	2.37B	605.00M	486.13M	665.34M	610.75M	499.85M	344.40M	567.66M	445.31M
Gross Profit Margin	44.0%	57.3%	46.6%	39.5%	38.3%	45.6%	40.8%	37.5%	50.2%
Total Operating Expenses	557.52M	154.62M	140.83M	117.42M	144.65M	138.24M	123.16M	110.89M	123.31M
Research & Development	269.73M	76.24M	66.94M	65.95M	60.59M	54.49M	52.39M	46.50M	50.20M
Selling, General & Administrative	215.28M	51.95M	65.33M	50.68M	47.32M	52.59M	53.16M	49.58M	46.29M
Operating Income (EBIT)	1.81B	450.39M	345.30M	547.92M	466.10M	361.61M	221.24M	456.77M	322.00M
Operating Margin	33.6%	42.6%	33.1%	32.6%	29.2%	33.0%	26.2%	30.2%	36.3%
Income Before Tax (EBT)	1.83B	459.38M	354.33M	551.34M	460.35M	352.17M	217.06M	446.35M	327.34M
Interest Income	109.58M	29.92M	28.86M	27.49M	23.31M	12.10M	18.86M	14.67M	22.58M
Interest Expense	38.60M	5.56M	7.62M	11.30M	14.12M	9.18M	9.53M	10.89M	9.01M
Other Income/Expense	15.70M	8.99M	9.03M	3.42M	-5.75M	-9.44M	-4.18M	-10.42M	5.34M
Net Income	1.75B	422.57M	346.62M	520.88M	455.94M	341.87M	209.53M	393.12M	312.96M
Income Tax Expense	5.77M	-36.81M	7.71M	30.46M	4.40M	10.30M	7.52M	53.23M	14.39M
Net Profit Margin	32.5%	40.0%	33.2%	31.0%	28.6%	31.2%	24.8%	26.0%	35.3%
EBITDA	2.39B	598.23M	492.70M	688.55M	606.42M	485.02M	346.09M	581.19M	433.16M
EBITDA Margin	44.4%	56.6%	47.2%	40.9%	38.0%	44.2%	41.0%	38.4%	48.8%
Depreciation & Amortization	576.20M	147.84M	147.39M	140.63M	140.33M	123.41M	124.84M	124.42M	111.16M
EPS Basic	16.26	3.93	3.23	4.85	4.25	3.19	1.96	3.67	2.92
EPS Diluted	16.22	3.92	3.22	4.84	4.24	3.18	1.95	3.65	2.91
Shares Outstanding	107.46M	107.46M	107.36M	107.31M	107.26M	107.25M	107.12M	107.06M	107.05M
Diluted Shares Outstanding	107.73M	107.73M	107.62M	107.66M	107.54M	107.52M	107.42M	107.59M	107.56M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	5.22B	4.21B	3.32B	2.62B	2.92B	2.71B	3.06B	2.24B
Cost of Goods Sold	3.10B	2.35B	2.02B	2.55B	2.19B	2.03B	2.51B	1.85B
Gross Profit	2.12B	1.86B	1.30B	69.86M	729.95M	680.67M	549.21M	392.18M
Gross Profit Margin	40.6%	44.2%	39.2%	2.7%	25.0%	25.1%	17.9%	17.5%
Total Operating Expenses	523.48M	463.44M	443.41M	97.09M	143.20M	363.18M	711.00M	352.06M
Research & Development	233.42M	191.38M	152.31M	112.80M	99.11M	93.74M	96.61M	84.47M
Selling, General & Administrative	203.76M	188.26M	197.62M	164.72M	170.32M	222.92M	205.47M	176.86M
Operating Income (EBIT)	1.60B	1.39B	857.27M	-27.24M	586.75M	317.49M	-161.78M	40.11M
Operating Margin	30.6%	33.2%	25.8%	-1.0%	20.1%	11.7%	-5.3%	1.8%
Income Before Tax (EBT)	1.58B	1.41B	891.29M	8.60M	572.16M	291.06M	-120.41M	147.77M
Interest Income	81.76M	89.09M	97.67M	33.28M	6.18M	16.56M	48.89M	59.79M
Interest Expense	44.13M	38.87M	12.96M	12.22M	13.11M	24.04M	27.07M	25.92M
Other Income/Expense	-15.95M	11.92M	34.02M	35.83M	-14.59M	-26.43M	41.37M	107.65M
Net Income	1.53B	1.29B	830.78M	-44.17M	468.69M	398.36M	-114.93M	144.33M
Income Tax Expense	52.68M	114.29M	60.51M	52.76M	103.47M	-107.29M	-5.48M	3.44M
Net Profit Margin	29.3%	30.7%	25.0%	-1.7%	16.0%	14.7%	-3.8%	6.4%
EBITDA	2.13B	1.82B	1.17B	242.49M	846.65M	550.41M	43.69M	170.85M
EBITDA Margin	40.7%	43.2%	35.1%	9.3%	29.0%	20.3%	1.4%	7.6%
Depreciation & Amortization	529.22M	423.50M	307.99M	269.72M	259.90M	232.93M	205.47M	130.74M
EPS Basic	14.25	12.07	7.78	-0.41	4.41	3.76	-1.09	1.38
EPS Diluted	14.21	12.02	7.74	-0.41	4.38	3.73	-1.09	1.36
Shares Outstanding	107.23M	107.02M	106.80M	106.55M	106.26M	105.87M	105.31M	104.75M
Diluted Shares Outstanding	107.54M	107.53M	107.37M	106.55M	106.92M	106.69M	105.31M	106.11M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About First Solar, Inc.

First Solar, Inc. is a global provider of photovoltaic (PV) solar energy solutions, operating in numerous international markets including the United States, Japan, France, Canada, India, and Australia. The company's primary activity involves the engineering, manufacturing, and sale of cadmium telluride solar modules, which are designed to convert solar radiation directly into electricity. Its clientele is broad, serving system developers and operators, utility companies, independent power producers, commercial and industrial businesses, and various other system owners. Founded in 1999, the firm is based in Tempe, Arizona, and underwent a name change in 2006 from its former designation, First Solar Holdings, Inc.

Phoenix, AZ

7,900 employees

www.firstsolar.com

Technology / Solar

Sector: Technology
Industry: Solar
CEO: Mark R. Widmar

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