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
In Q2 2024, First Solar Inc (FSLR) delivered a robust financial performance with net sales reaching $1.01 billion, a 27.25% increase from Q1 2024. Key drivers included a 24% increase in megawatt sales and favorable tax credits. The company achieved a gross profit margin of 49% and an EPS of $3.25, reflecting a net income of $349.36 million, marking a 104.81% increase year-over-year. Management emphasized the completion of their Ohio manufacturing expansion and an established record for CadTel research cell efficiency, positioning First Solar favorably despite prevailing external uncertainties related to policy and supply chain dynamics. This report synthesizes financial data and insights from the earnings call to outline the company's strategic positioning and investment potential.
Key Performance Indicators
Revenue
1.01B
QoQ: 27.25% | YoY:24.65%
Gross Profit
495.30M
49.02% margin
QoQ: 43.63% | YoY:59.56%
Operating Income
400.74M
QoQ: 56.36% | YoY:137.81%
Net Income
349.36M
QoQ: 47.65% | YoY:104.81%
EPS
3.26
QoQ: 47.51% | YoY:103.75%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $1.01 billion (YoY +24.65%, QoQ +27.25%)
- **Gross Profit:** $495.30 million (Gross Margin: 49%)
- **Operating Income:** $400.74 million (Operating Margin: 39.66%)
- **Net Income:** $349.36 million (Net Margin: 34.57%)
- **EPS:** $3.25 (YoY +103.75%, QoQ +47.51%)