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First Solar FSLR Q1 2025 earnings

Reported April 29, 2025 · After market close

Revenue$844.6MBeat by $2.1M
EPS$1.95Miss by $0.54
Revenue estimate$842.5M
EPS estimate$2.49

Next report

Oct 29, 2026 (In 1 week)
Revenue estimate$1.3B
EPS estimate$4.67

Financials

Q1 2025

Income statement

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Revenue$844.6M+6.4%
Gross profit$344.4M-0.5%
Operating income$221.2M-9.0%
Net income$209.5M-11.4%
EPS (diluted)$1.95-11.4%

Balance sheet

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Cash & equivalents$844.0M-50.4%
Total debt$632.1M-7.3%
Total equity$8.2B+18.6%
Total assets$12.1B+12.6%

Cash flow

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Operating cash flow-$608.0M-327%
CapEx$206.0M-50.2%
Free cash flow-$813.9M-459%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$13.54B-25.0%
Enterprise value$13.32B-21.7%
P/E10.7×-6.9×
P/S3.2×-1.9×

Profitability

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Gross margin43.6%+0.6pp
Operating margin32.2%+1.9pp
Net margin29.7%+1.0pp

Returns & leverage

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Return on equity16.8%+0.7pp
Debt / equity0.1×0.0×
Current ratio1.9×-0.5×

Segments

By geography

See full
All other foreign countries$5.7M-65.1%

FAQ

When did First Solar report Q1 2025 earnings?
First Solar (FSLR) reported Q1 2025 earnings on April 29, 2025 after market close.
What were First Solar's Q1 2025 revenue and EPS?
First Solar reported revenue of $844.6M and eps of $1.95 for Q1 2025.
Did First Solar beat estimates in Q1 2025?
Revenue beat the consensus estimate of $842.5M by $2.1M. EPS missed the consensus estimate of $2.49 by $0.54.
How did First Solar's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.4% from $794.1M a year earlier and eps declined 11.4% from $2.20.
Where can I find First Solar's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001274494-25-000032) and the 10-Q periodic report (0001274494-25-000033) directly on SEC EDGAR. The filing index links above go to sec.gov.