FIRST SOLAR, INC.
FSLRSemiconductorsfirstsolar.com
Latest available resultsSeptember 30, 2026Quarter · 10-Q filed Oct 29, 2026
Next reportFebruary 22, 2027after close · forecast 5.276 $/share
Revenue
$1.23B
▼ -22.8% vs prior year YoY
Net income
$571.06M
▲ +25.2% vs prior year YoY
EPS
5.30$
▲ +25.0% vs prior year YoY
Net margin
46.4%
▲ +17.8 pp vs prior year YoY
Revenue▼ -22.8%
Margins (% of revenue)GrossOperatingNet
Net income▲ +25.2%
EPS▲ +25.0%
Financial statements
View 10-Q filed October 29, 2026 on SEC ↗| Metric | Dec 2024* | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025* | Mar 2026 | Jun 2026 | Sep 2026 | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Operations | |||||||||
| Revenue | $1.51B | $844.57M | $1.10B | $1.59B | $1.68B | $1.04B | $1.06B | $1.23B | ▼ -22.8% |
| Gross profit | $567.66M | $344.40M | $499.85M | $610.75M | $665.34M | $486.13M | $605.00M | $713.06M | ▲ +16.8% |
| Operating income | $456.77M | $221.24M | $361.61M | $466.10M | $547.92M | $345.30M | $450.39M | $546.11M | ▲ +17.2% |
| Net income | $393.12M | $209.53M | $341.87M | $455.94M | $520.88M | $346.62M | $422.57M | $571.06M | ▲ +25.2% |
| R&D | $46.50M | $52.39M | $54.49M | $60.59M | $65.95M | $66.94M | $76.24M | $67.22M | ▲ +10.9% |
| EPS (diluted) | — | 1.95 $ | 3.18 $ | 4.24 $ | — | 3.22 $ | 3.92 $ | 5.30 $ | ▲ +25.0% |
| Margins (% of revenue) | |||||||||
| Gross | 37.5 % | 40.8 % | 45.6 % | 38.3 % | 39.5 % | 46.6 % | 57.3 % | 57.9 % | ▲ +19.6 pt |
| Operating | 30.2 % | 26.2 % | 33.0 % | 29.2 % | 32.6 % | 33.1 % | 42.6 % | 44.4 % | ▲ +15.1 pt |
| Net | 26.0 % | 24.8 % | 31.2 % | 28.6 % | 31.0 % | 33.2 % | 40.0 % | 46.4 % | ▲ +17.8 pt |
| Balance sheet | |||||||||
| Assets | $12.12B | $12.12B | $12.86B | $13.46B | $13.32B | $13.35B | $13.39B | $14.02B | ▲ +4.2% |
| Liabilities | $4.15B | $3.93B | $4.31B | $4.44B | $3.78B | $3.47B | $3.07B | $3.14B | ▼ -29.4% |
| Equity | $7.98B | $8.19B | $8.55B | $9.02B | $9.54B | $9.88B | $10.32B | $10.88B | ▲ +20.7% |
| Cash | $1.62B | $837.64M | $1.12B | $1.99B | $2.80B | $2.36B | $1.69B | $1.58B | ▼ -20.9% |
| Capital | |||||||||
| Shares outstanding | 107.06M | 107.24M | 107.25M | 107.31M | 107.31M | 107.45M | 107.47M | 107.48M | ▲ +0.2% |
| Public floatexcluding insiders | — | — | — | — | — | — | — | — | — |
* No 10-Q is filed for a fourth quarter: these amounts are the fiscal year minus the first three quarters, all filed. EPS stays blank — dilution doesn't subtract.