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First Solar FSLR Q2 2025 earnings

Reported July 31, 2025 · After market close

Revenue$1.1BBeat by $56.0M
EPS$3.18Beat by $0.52
Revenue estimate$1.0B
EPS estimate$2.66

Next report

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

Financials

Q2 2025

Income statement

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Revenue$1.1B+8.6%
Gross profit$499.9M+0.2%
Operating income$361.6M-2.9%
Net income$341.9M-2.1%
EPS (diluted)$3.18-2.2%

Balance sheet

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Cash & equivalents$1.2B-31.3%
Total debt$674.4M+8.3%
Total equity$8.5B+17.8%
Total assets$12.9B+16.7%

Cash flow

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Operating cash flow$149.6M-22.5%
CapEx$288.1M-21.1%
Free cash flow-$138.6M+19.5%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$16.21B-32.8%
Enterprise value$15.71B-31.8%
P/E12.9×-7.2×
P/S3.7×-2.7×

Profitability

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Gross margin42.8%-3.0pp
Operating margin31.3%-2.8pp
Net margin29%-3.0pp

Returns & leverage

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Return on equity15.9%-2.2pp
Debt / equity0.1×0.0×
Current ratio1.9×-0.3×

Segments

By geography

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All other foreign countries$5.7M-65.1%

FAQ

When did First Solar report Q2 2025 earnings?
First Solar (FSLR) reported Q2 2025 earnings on July 31, 2025 after market close.
What were First Solar's Q2 2025 revenue and EPS?
First Solar reported revenue of $1.1B and eps of $3.18 for Q2 2025.
Did First Solar beat estimates in Q2 2025?
Revenue beat the consensus estimate of $1.0B by $56.0M. EPS beat the consensus estimate of $2.66 by $0.52.
How did First Solar's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.6% from $1.0B a year earlier and eps declined 2.2% from $3.25.
Where can I find First Solar's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001274494-25-000047) and the 10-Q periodic report (0001274494-25-000054) directly on SEC EDGAR. The filing index links above go to sec.gov.