Total Revenue
First Solar Total Revenue decreased by 37.9% to $1.04B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 23.6%, from $844.57M to $1.04B. Over 4 years (FY 2021 to FY 2025), Total Revenue shows an upward trend with a 15.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates market expansion or higher demand, while a decrease may signal market saturation or competitive pressure.
Detailed definition
Total revenue represents the gross inflow of economic benefits arising from the ordinary operating activities of the com...
Peer comparison
Standard across all public companies; peers in the medical device and diagnostics sector typically show steady growth correlated with product adoption.
total_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $629.18M | $583.50M | $907.32M | $367.04M | $620.96M | $628.93M | $1.00B | $548.29M | $810.67M | $801.09M | $1.16B | $794.11M | $1.01B | $887.67M | $1.51B | $844.57M | $1.10B | $1.59B | $1.68B | $1.04B |
| QoQ Change | — | -7.3% | +55.5% | -59.5% | +69.2% | +1.3% | +59.4% | -45.3% | +47.9% | -1.2% | +44.6% | -31.5% | +27.2% | -12.2% | +70.6% | -44.2% | +29.9% | +45.4% | +5.5% | -37.9% |
| YoY Change | — | — | — | — | -1.3% | +7.8% | +10.5% | +49.4% | +30.6% | +27.4% | +15.6% | +44.8% | +24.6% | +10.8% | +30.7% | +6.4% | +8.6% | +79.7% | +11.1% | +23.6% |
Product Breakdown
| Segment | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|
| Solar Modules | $354.88M | $607.45M | $619.92M | $846.03M | $536.59M | $802.24M | $800.39M | $1.16B |
| O&M Services | $3.90M | $4.18M | $3.48M | $437.00K | $452.00K | $441.00K | $481.00K | $487.00K |
| Solar Power Systems | $1.97M | $374.00K | $90.00K | $150.86M | $11.26M | $8.00M | $217.00K | $477.00K |
| Energy Generation | $6.29M | $8.96M | $5.44M | $5.07M | -$17.00K | -$1.00K | -$1.00K | $0.00 |
| EPC Services | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | $0.00 |
| Total | $367.04M | $620.96M | $628.93M | $1.00B | $548.29M | $810.67M | $801.09M | $1.16B |
Energy Generation, EPC Services, O&M Services, Solar Modules, Solar Power Systems were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments
| Segment | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 |
|---|---|---|---|---|---|---|---|---|
| Modules segment | $536.59M | $802.24M | $800.39M | $1.16B | $793.43M | $1.01B | $886.66M | $1.51B |
| Other segment | $11.70M | $8.44M | $697.00K | $964.00K | $674.00K | $1.72M | $1.01M | $152.00K |
| Total | $548.29M | $810.67M | $801.09M | $1.16B | $794.11M | $1.01B | $887.67M | $1.51B |
Modules segment, Other segment were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Geographic Breakdown
| Segment | FY'21 | FY'22 | FY'23 | FY'24 | FY'25 |
|---|---|---|---|---|---|
| All other foreign countries | $82.88M | $101.04M | $55.74M | $65.36M | $22.81M |
| Total | $2.92B | $2.62B | $3.32B | $4.21B | $5.22B |
All segment values are derived from annual filings.
Total Revenue at Other Companies
Frequently Asked Questions
- What is First Solar's total revenue?
- First Solar (FSLR) reported total revenue of $1.04B in Q1 2026.
- How has First Solar's total revenue changed year-over-year?
- First Solar's total revenue increased by 23.6% year-over-year, from $844.57M to $1.04B.
- What is the long-term trend for First Solar's total revenue?
- Over 4 years (2021 to 2025), First Solar's total revenue has grown at a 15.6% compound annual growth rate (CAGR), from $2.92B to $5.22B.
- What does total revenue mean?
- The total amount of money a company brings in from its primary business activities before any expenses.