FSLR
First Solar Inc
Q4 2024 Report
First Solar Inc (FSLR) Q4 2024 Financial Performance Review: Strong Growth Amid Challenges...
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Executive Summary
First Solar Inc reported its Q1 2025 earnings amidst a challenging landscape characterized by significant tariff uncertainties and operational hurdles. The company's revenue reached $844.6 million, marking a year-over-year increase of 6.35% but a decline of 44.22% quarter-over-quarter, mainly driven by lower international sales volumes due to emerging tariff structures. Gross profit was recorded at $344.4 million, with a gross margin of approximately 41%, up from 37% in Q4 2024. Management highlighted strong demand for its cadmium telluride (CdTe) solar panels, with a total backlog of 66.3 gigawatts; however, increasing tariffs pose a risk to profitability and future sales. Despite facing headwinds from government regulation and tariffs, First Solar remains committed to expanding its U.S.-based manufacturing operations, anticipating a significant ramp-up of production capacity in 2026.
Key Performance Indicators
Revenue
844.57M
QoQ: -44.22% | YoY:6.35%
Gross Profit
344.40M
40.78% margin
QoQ: -39.33% | YoY:-0.13%
Operating Income
221.24M
QoQ: -51.56% | YoY:-13.67%
Net Income
209.54M
QoQ: -46.70% | YoY:-11.45%
EPS
1.96
QoQ: -46.59% | YoY:-11.31%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: $844.6 million (YoY: +6.35%, QoQ: -44.22%)
- **Gross Profit**: $344.4 million (Gross Margin: 41%)
- **Operating Income**: $221.2 million (Operating Margin: 26.1%)
- **Net Income**: $209.5 million (Net Margin: 24.8%)
- **EPS**: $1.95 (Diluted EPS: $1.95)