What is First Solar's market cap?

First Solar (FSLR) has a market capitalization of $24.1B and trades on NASDAQ.

What is First Solar's revenue and profitability?

First Solar generated $5.4B in trailing twelve-month revenue with net income of $1.7B, representing a net margin of 30.7%. Gross margin stands at 41.7%, with free cash flow of $1.7B. These figures are based on the Q1 2026 filing.

Who are First Solar's competitors?

First Solar's key competitors include JinkoSolar, Canadian Solar, SolarEdge Technologies, Inc., and others. These companies compete in similar markets and product categories.

Who does First Solar partner with?

First Solar's notable partners include Silicon Ranch Corporation, NextEra Energy.

Where is First Solar headquartered?

First Solar is headquartered in United States of America and employs approximately 6,700 people. It has been publicly traded since 2006.

First Solar

FSLR

First Solar is a leading American solar technology company that designs and manufactures advanced thin film photovoltaic (PV) modules.

Market cap

$24.1B+21.5%

Revenue$5.4B+27.3%

Net income$1.7B+31.7%

Free cash flow$1.7B+203%

EPS (diluted)$15.48+31.5%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 30, 2026

Revenue$1.0BBeat by $9.7M EPS$3.22Beat by $0.35

Read the full report

Next report

Jul 30, 2026 (In 2 weeks)

Revenue estimate$1.1B

EPS estimate$2.85

Financials

Q1 2026

Income statement

See full

Revenue$1.0B+23.6%

Gross profit$486.1M+41.2%

Operating income$345.3M+56.1%

Net income$346.6M+65.4%

EPS (diluted)$3.22+65.1%

Balance sheet

See full

Cash & equivalents$2.4B+182%

Total debt$590.9M-6.5%

Total equity$9.9B+20.7%

Total assets$13.4B+10.2%

Cash flow

See full

Operating cash flow-$214.9M+64.7%

CapEx$118.5M-42.5%

Free cash flow-$333.4M+59.0%

Valuation & ratios

Valuation

See full

Market cap$24.1B+21.5%

Enterprise value$22.32B+15.4%

P/E14.5×-1.3×

P/S4.5×-0.1×

Profitability

See full

Gross margin41.7%-1.9pp

Operating margin31.8%-0.5pp

Net margin30.7%+1.0pp

FCF margin30.8%—

Returns & leverage

See full

Return on equity18.4%+1.7pp

Debt / equity0.1×0.0×

Current ratio2.6×+0.6×

Competitors

By market cap

First Solar$24.1B+21.5%

Enphase Energy$5.7B+1.5%

SolarEdge Technologies$3.2B+96.0%

Shoals Technologies Group, Inc.$1.6B+64.0%

Canadian Solar$1.0B+19.4%

SunPower, Inc. $110.8M-32.6%

FTC Solar$78.9M+22.1%

Ascent Solar Technologies, Inc.$41.3M+506%

By revenue growth

FTC Solar+73.0%

SolarEdge Technologies+39.2%

Shoals Technologies Group, Inc.+37.8%

First Solar+27.3%

Enphase Energy-1.6%

By net margin

First Solar30.73%+1.0pp

Enphase Energy9.64%-0.8pp

Shoals Technologies Group, Inc.6.27%+1.4pp

SolarEdge Technologies-28.56%+162pp

FTC Solar-44.89%+33.7pp

Profile

First Solar is a leading American solar technology company that designs and manufactures advanced thin film photovoltaic (PV) modules. The company utilizes a proprietary Cadmium Telluride (CdTe) semiconductor technology to provide a high-performance, responsibly produced alternative to conventional crystalline silicon solar panels. Its core value proposition centers on a fully integrated manufacturing process that avoids reliance on Chinese crystalline silicon supply chains while offering superior energy yield in hot and humid climates.

Competitive position

The world's largest thin film PV solar module manufacturer and the largest PV manufacturer in the Western Hemisphere, distinguished by a non-silicon based supply chain.

GeographiesUnited States, India, Malaysia, Vietnam

Customer segmentsUtility-scale energy providers, Corporate energy buyers, Infrastructure investors

Business modelVertically integrated manufacturing, Product sales, Service-based recycling

SuppliersTransparent oxide-coated glass suppliers, Cadmium Telluride (CdTe) raw material providers, Aluminum frame and junction box manufacturers

CustomersUtility-scale solar project developers, Large-scale corporate data centers, Independent power producers (IPPs)

CountryUnited States of America

Listed2006

Employees6.7K

CEOMark R. Widmar

SectorEnergy

IndustrySolar

Websitefirstsolar.com

FilingsSEC EDGAR

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Questions, answered.

What is First Solar's market cap?: First Solar (FSLR) has a market capitalization of $24.1B and trades on NASDAQ.
What is First Solar's revenue and profitability?: First Solar generated $5.4B in trailing twelve-month revenue with net income of $1.7B, representing a net margin of 30.7%. Gross margin stands at 41.7%, with free cash flow of $1.7B. These figures are based on the Q1 2026 filing.
Who are First Solar's competitors?: First Solar's key competitors include JinkoSolar, Canadian Solar, SolarEdge Technologies, Inc., and others. These companies compete in similar markets and product categories.
Who does First Solar partner with?: First Solar's notable partners include Silicon Ranch Corporation, NextEra Energy.
Where is First Solar headquartered?: First Solar is headquartered in United States of America and employs approximately 6,700 people. It has been publicly traded since 2006.