FSLRNasdaqSemiconductors & Related DevicesFiscal year ends December 31

FIRST SOLAR, INC.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026

$171.80−0.84 (-0.49%)

Close on Oct 19, 2026

Market cap: $18.51B
P/E (TTM): 10.6
Dividend yield: –

FIRST SOLAR, INC. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-26	FY 2008 2008-12-27	FY 2007 2007-12-29
Revenue	5,219	4,206	3,319	2,619	2,923	2,711	3,063	2,244	2,941	2,905	4,113	3,391	3,310	3,369	2,766	2,564	2,066	1,246	504
Cost of Revenue	3,099	2,348	2,018	2,549	2,193	2,031	2,514	1,852	2,392	2,266	2,980	2,566	2,445	2,516	1,794	1,379	1,022	568	253
Gross Profit	2,120	1,858	1,301	70	730	681	549	392	549	638	1,133	825	865	853	972	1,185	1,045	678	251
Research & Development	233	191	152	113	99	94	97	84	89	125	131	144	134	132	141	95	78	34	15
Selling, General & Admin	204	188	198	165	170	223	205	177	203	262	255	254	270	281	413	322	273	174	82
Advertising Expenses	–	–	–	–	–	–	–	–	–	–	–	2.90	1.90	1.40	2.00	1.10	1.10	1.00	–
Operating Expenses	523	465	450	351	290	363	711	352	371	1,207	403	403	494	890	1,040	436	365	240	114
Operating Income	1,597	1,394	857	-27	587	317	-162	40	178	-568	730	422	370	-38	-69	749	680	438	137
Interest Expense	44	39	13	12	13	24	27	26	26	21	6.98	1.98	1.88	14	0.10	0.01	5.26	0.51	2.29
Interest & Investment Income	–	–	–	33	6.18	17	49	60	36	25	23	18	17	13	13	14	9.74	21	20
Income from Equity Investments	–	–	–	0	0	-2.13	-0.28	35	4.27	144	-108	-4.95	-0.16	0	–	–	–	–	–
Other Non-Operating Income	-15	-13	-29	31	0.31	-12	18	40	24	40	-5.50	-4.49	-5.19	0.95	0.67	2.27	-2.99	-0.93	-1.22
Merger & Restructuring Charges	–	–	–	–	–	–	0	0	37	744	0	0	87	469	60	0	0	–	–
Asset Impairment Charges	0	0	1.57	63	23	36	7.58	8.07	35	838	15	5.23	97	357	393	0	0	0	–
Gain (Loss) on Investments	–	–	–	–	–	–	–	–	–	–	–	0.20	0	0.02	4.58	0.34	0.11	0.19	–
Gain (Loss) on Sale of Assets	0	1.12	6.88	254	147	0	0	–	–	–	–	–	–	–	–	–	–	–	–
Pretax Income	1,581	1,406	891	8.60	572	293	-120	113	202	-537	733	432	381	-40	-54	762	686	464	156
Income Tax Expense	53	114	61	53	103	-107	-5.48	3.44	372	23	32	31	30	57	-14	98	46	115	-2.39
Net Income	1,528	1,292	831	-44	469	398	-115	144	-166	-416	593	396	351	-96	-39	664	640	348	158
EPS (Basic)(per share)	14.25	12.07	7.78	-0.41	4.41	3.76	-1.09	1.38	-1.59	-4.05	5.88	3.96	3.74	-1.11	-0.46	7.82	7.67	4.34	2.12
EPS (Diluted)(per share)	14.21	12.02	7.74	-0.41	4.38	3.73	-1.09	1.36	-1.59	-4.05	5.83	3.90	3.67	-1.11	-0.46	7.68	7.53	4.24	2.03
Shares Outstanding (Basic, Weighted)(shares)	107	107	107	107	106	106	105	105	104	103	101	100	94	87	86	85	84	80	75
Shares Outstanding (Diluted, Weighted)(shares)	108	108	107	107	107	107	105	106	104	103	102	102	95	87	86	86	85	82	78
Dividend per Share(per share)	–	–	–	–	–	–	–	–	–	–	–	–	0.00	0.00	0.00	0.00	–	–	–
EBITDA	2,126	1,818	1,165	242	847	550	44	171	293	-337	955	639	609	228	167	905	809	498	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 44.0%
Operating margin: 33.6%
Net margin: 32.5%
Return on equity, FY2025: 17.4%

Financial strength

Current ratio: 2.52
Debt to equity: 0.00
Debt to assets: 0.3%
Cash to current liabilities: 79.9%

Valuation

P/E ratio: 10.6
Price to sales: 3.44
Price to book: 1.79
Dividend yield: –