| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 1.6K | 45.4% | 79.7% |
| Total Income | 1.6K | 45.4% | 79.7% |
| Expenditure | 1.1K | 53.5% | 99.5% |
| PBT | 460.35 | 30.7% | 40.6% |
| Net Profit | 455.94 | 33.4% | 45.7% |
| OPM | 29.23% | 3.73pp | 7.05pp |
| NPM | 28.59% | 2.57pp | 6.67pp |
| EPS | 4.25 | 33.2% | 45.5% |
First Solar Reports Q3 2025 Net Sales of $1.6 Billion
04 May 2026 · 4 May, 8:25 am
Summary
First Solar, Inc. announced its financial results for the third quarter ended September 30, 2025. Net sales for the quarter were $1.6 billion, an increase of $0.5 billion from the prior quarter, primarily due to higher module sales volume. Net income per diluted share was reported as $4.24, compared to $3.18 in the second quarter of 2025. The company's cash, cash equivalents, restricted cash, restricted cash equivalents, and marketable securities, less debt, increased to $1.5 billion from $0.6 billion at the end of the prior quarter.
Key Highlights
- 1
First Solar reported net sales of $1.6 billion for the third quarter of 2025.
- 2
The company achieved a record volume sold of 5.3 GW in Q3 2025.
- 3
Net income per diluted share was $4.24 for the third quarter.
- 4
The gross cash balance reached $2.0 billion, with a net cash balance of $1.5 billion.
- 5
Since the last earnings call, gross bookings amounted to 2.7 GW at an average selling price of 30.9 cents per watt, excluding contract pricing adjusters.
- 6
As of September 30, 2025, the contracted sales backlog stood at 53.7 GW, valued at $16.4 billion.
Management Comments
Mark Widmar
As a result of our disciplined approach to balancing growth, liquidity, and profitability, we’ve further strengthened our position through the commissioning of our fifth U.S. manufacturing facility, enhancing our liquidity position, and delivering record sales. While trade and policy developments have introduced new challenges for many in our industry, we continue to differentiate ourselves by offering pricing and delivery certainty, enabling us to respond effectively to evolving demand drivers and reinforce our leadership.
Informational and educational content only. Not investment advice.