FSLR financials
First Solar, Inc. · end-of-day data as of Oct 16, 2026
First Solar, Inc.
$172.64-14.9%
Buy · 37 analystsPT $263.05 +52.4%
FSLR reported revenue of $1.06B for the quarter ended Jun 30, 2026 (Q2 FY2026), down 3.7% from a year earlier. It posted diluted EPS of $3.92, free cash flow of -$306M and a net margin of 40.0%.
Valuation
- P/E10.6x
- P/E vs own-32.0%
- P/E vs sector-39.9%
- FCF yield+8.1%
- Market cap$18.55B
Quarterly results
Q2 FY2026: Revenue -3.7% year over year, free cash flow -29.0% of revenue, operating margin 42.6%.
RevenueFree cash flow
| Q2 FY2026 | Jun 30, 2026 | $1.06B | 3.92 | -$306M | 57.3% | 42.6% | 40.0% |
| Q1 FY2026 | Mar 31, 2026 | $1.04B | 3.22 | -$333M | 46.6% | 33.1% | 33.2% |
| Q4 FY2025 | Dec 31, 2025 | $1.68B | 4.84 | $1.07B | 39.5% | 32.6% | 31.0% |
| Q3 FY2025 | Sep 30, 2025 | $1.59B | 4.24 | $1.07B | 38.3% | 29.2% | 28.6% |
| Q2 FY2025 | Jun 30, 2025 | $1.1B | 3.18 | -$139M | 45.6% | 33.0% | 31.2% |
| Q1 FY2025 | Mar 31, 2025 | $845M | 1.95 | -$814M | 40.8% | 26.2% | 24.8% |
| Q4 FY2024 | Dec 31, 2024 | $1.51B | 3.65 | $497M | 37.5% | 30.2% | 26.0% |
| Q3 FY2024 | Sep 30, 2024 | $888M | 2.91 | -$488M | 50.2% | 36.3% | 35.3% |
| Q2 FY2024 | Jun 30, 2024 | $1.01B | 3.25 | -$172M | 49.4% | 36.9% | 34.6% |
| Q1 FY2024 | Mar 31, 2024 | $794M | 2.20 | -$146M | 43.6% | 30.6% | 29.8% |
| Q4 FY2023 | Dec 31, 2023 | $1.16B | 3.25 | $214M | 43.3% | 34.3% | 30.1% |
| Q3 FY2023 | Sep 30, 2023 | $801M | 2.50 | -$121M | 47.0% | 34.1% | 33.5% |