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First Solar FSLR Q1 2025 earnings

Reported April 29, 2025 · After market close

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

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$1.1B
EPS estimate$2.85

Financials

Q1 2025

Income statement

See full
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

See full
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

See full
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

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

Returns & leverage

See full
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%

Versus estimates

Revenue

Q1 2026$1.0BBeat by $9.7MQ4 2025$1.7BBeat by $114.0MQ3 2025$1.6BBeat by $19.1MQ2 2025$1.1BBeat by $56.0M
Q1 2025$844.6MBeat by $2.1M
Q4 2024$1.5BBeat by $30.9M

Diluted EPS

Q1 2026$3.22Beat by $0.35Q4 2025$4.84Miss by $0.30Q3 2025$4.24In lineQ2 2025$3.18Beat by $0.52
Q1 2025$1.95Miss by $0.54
Q4 2024$3.65Miss by $1.16

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Questions, answered.

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 diluted 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 diluted EPS declined 11.4% from $2.20.
Where can I find First Solar's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001274494-25-000033) directly on SEC EDGAR. The filing index links above go to sec.gov.