The Dispatch • Est. 2026— — —
NASDAQ · Semiconductors · Fiscal year endsFY ends December

First Solar, Inc.

FSLR
$194.97+9.07 (+4.88%)Today
52-week low $165.86high $320.95
39.3% below its 52-week high
Next earningsFeb 22, 2027 · after the close
In its own words

We are America’s leading PV solar technology and manufacturing company. The only U.S.-headquartered company among the world’s largest solar manufacturers, First Solar is focused on competitively and reliably enabling power generation needs with our advanced, uniquely American thin film PV technology.

How First Solar, Inc. describes itself at the start of the business section of its latest 10-K, lightly trimmed. The company's words, not The Dispatch's.Read the filing ↗
What stands out

Two facts from its filings

Facts, not a verdict · through FY25
+27%

Revenue is 27% higher than in 2015, and rose 24% in 2025 to $5.2B.

40.6%

Gross margin fell from 44.2% to 40.6% in 2025, the first decline since 2022.

Price
-22.6% over 1Y
Earnings releases (4 in this range, from its SEC filings)Next earnings Feb 22, 2027, after the closeDaily closes
Key numbers

The business in seven figures

Market value$21.0BShares × price
P/E11.3×Price ÷ last 12 months’ earnings
Revenue FY25$5.2B+24% on the year
Net margin FY2529.3%Profit kept per dollar of sales
Gross margin FY2540.6%Down from 44.2%
Free cash flow FY25$1.2BCash left after investment (calculated)
Avg volume2.2MShares traded a day, last 3 months