FSLR
First Solar Inc
Q1 2025 Report
First Solar Inc (FSLR) Q1 2025 Financial Results: Navigating Tariffs and Transformative Technologies...
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Executive Summary
First Solar Inc reported a robust Q1 2024 performance, generating revenues of $794 million, reflecting a 44.83% year-on-year increase despite a seasonal decline of 31.46% compared to Q4 2023. The company demonstrated effective management in a volatile solar market, with operating income reaching $256 million and net income of $237 million, translating to an EPS of $2.20. Management emphasized the importance of strategic partnerships, sustained investment in research and development (R&D), and a commitment to maintaining a competitive edge through proprietary technology amid challenges posed by Chinese market practices. Overall, First Solar is positioned to benefit from its disciplined growth strategy and a solid backlog of 78.3 gigawatts, while navigating industry headwinds effectively.
Key Performance Indicators
Revenue
794.11M
QoQ: -31.46% | YoY:44.83%
Gross Profit
344.85M
43.43% margin
QoQ: -31.31% | YoY:207.77%
Operating Income
256.29M
QoQ: -35.57% | YoY:504.66%
Net Income
236.62M
QoQ: -32.25% | YoY:455.95%
EPS
2.21
QoQ: -32.42% | YoY:452.50%
Revenue Trend
Margin Analysis
Key Insights
**Revenue and Profitability**: Q1 2024 revenue of $794 million, down from $1.16 billion in Q4 2023, but significantly up from $548 million YoY. Gross profit margins improved to 44% from 43% in Q4 2023, driven by U.S.-made modules benefiting from Section 45X tax credits. Operating income amounted to $256 million, translating to a 32.27% operating margin. Net income was $237 million with a net profit margin of 29.80%. EPS was reported at $2.20. **Cash Flow and Balance Sheet**: The company ended Q...