First Solar (FSLR) financials
First Solar revenue and earnings by year
First Solar's revenue was $5.22 billion in the fiscal year to December 31, 2025, up 24.1% from the year before. Net income was $1.53 billion, 29.3% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 6.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.22 | 4.21 | 3.32 | 2.62 | 2.92 | 2.71 | 3.06 | 2.24 | 2.94 | 2.90 |
| Revenue growth | 24.1% | 26.7% | 26.7% | -10.4% | 7.8% | -11.5% | 36.5% | -23.7% | 1.3% | — |
| Gross profit | 2.12 | 1.86 | 1.30 | 0.07 | 0.73 | 0.68 | 0.55 | 0.39 | 0.55 | 0.64 |
| Gross margin | 40.6% | 44.2% | 39.2% | 2.7% | 25.0% | 25.1% | 17.9% | 17.5% | 18.7% | 22.0% |
| Operating income | 1.60 | 1.39 | 0.85 | -0.28 | 0.44 | 0.32 | -0.16 | 0.04 | 0.18 | -0.57 |
| Operating margin | 30.6% | 33.1% | 25.6% | -10.7% | 15.0% | 11.7% | -5.3% | 1.8% | 6.0% | -19.6% |
| Net income | 1.53 | 1.29 | 0.83 | -0.04 | 0.47 | 0.40 | -0.11 | 0.14 | -0.17 | -0.42 |
| Net margin | 29.3% | 30.7% | 25.0% | -1.7% | 16.0% | 14.7% | -3.8% | 6.4% | -5.6% | -14.3% |
| Diluted EPS | $14.21 | $12.02 | $7.74 | -$0.41 | $4.38 | $3.73 | -$1.09 | $1.36 | -$1.59 | -$4.05 |
| Free cash flow | 1.19 | -0.31 | -0.78 | -0.03 | -0.30 | -0.38 | -0.49 | -1.07 | 0.83 | -0.02 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open FSLR in Markets.
See also: FSLR valuation and P/E history · FSLR returns
No forecast, no recommendation. This page describes First Solar from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.