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FSLR

First Solar

Information TechnologySemiconductorsS&P 500
Ticker FSLRPHOENIX, AZFiscal year ends DecemberBook value per share $95.85Diluted shares 107.7M

First Solar, Inc. (Nasdaq: FSLR) designs, manufactures, and sells photovoltaic solar modules using cadmium telluride thin-film technology. Its integrated manufacturing process converts glass into finished modules, which generate electricity from sunlight and are sold to system developers, independent power producers,… From the company’s description.

In fiscal 2025, First Solar reported revenue of $5.22B, up 24.1% from fiscal 2024, and net income of $1.53B. Its operating margin was 30.6%, and operations generated $2.06B in cash. Over the twelve months to Jun 30, 2026, revenue was $5.38B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$5.22BFY2025
+24.1% year over year
Last 12 mo $5.38B
30.59%FY2025
−2.6 percentage points
Last 12 mo 33.65%
$1.53BFY2025
+18.3% year over year
Last 12 mo $1.75B
16.02%FY2025
−0.2 percentage points
Last 12 mo 16.92%
Cash & financing
$2.06BFY2025
+68.9% year over year
Last 12 mo $2.16B
$1.19BFY2025
+485.4% year over year
Last 12 mo $1.50B
0.05FY2025
Was 0.08× a year earlier
Last 12 mo 0.00
107.5MFY2025
No change, year over year
Last 12 mo 107.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What First Solar does

In the company’s own words

First Solar, Inc. (Nasdaq: FSLR) designs, manufactures, and sells photovoltaic solar modules using cadmium telluride thin-film technology. Its integrated manufacturing process converts glass into finished modules, which generate electricity from sunlight and are sold to system developers, independent power producers, utilities, commercial and industrial companies, corporate energy buyers, and other system owners and operators. The company’s Series 6 Plus and larger Series 7 modules serve utility-scale solar projects, and it also provides collection and recycling services for end-of-life modules. First Solar operates as a modules business, with manufacturing facilities in the United States, Malaysia, Vietnam, and India; U.S. customers accounted for 96% of net sales in 2025. Its modules are produced under the First Solar brand, and its recycling program recovers materials for reuse in new modules and other products. First Solar had approximately 7,900 employees as of December 31, 2025, and reported more than 93 GW of modules sold worldwide. Its website is www.firstsolar.com.

Company details
Sector
Information Technology
Industry (SIC)
Semiconductors
Headquarters
PHOENIX, AZ
Fiscal year end
December
CIK
1274494
SIC
3674

Financial performance, year by year

Fiscal 2013–2025 · USD
$-931.57M$789.24M$2.51B$4.23B$5.95B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns First Solar — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

723
funds hold it
0 of 35
superinvestors hold it
$8.74B
held by funds, at market
33.3%
of shares held by funds

Largest fund holders · First Solar’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.04%of fund net assets
0.14%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.05%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.04%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do First Solar and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of First Solar's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in First Solar's last four quarterly filings that the numbers alone won't show?”
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