First Solar Earnings Reports

First Solar achieved net sales of $1.5 billion in Q4 2024, driven by increased module sales. The company reported net income of $393.1 million, with EPS of $3.65. Cash and cash equivalents stood at $1.6 billion at year-end.

First Solar announced third quarter financial results with net sales of $0.9 billion and net income per diluted share of $2.91. The results were impacted by a $50 million product warranty reserve charge. The company's net cash balance decreased to $0.7 billion, driven by capital expenditures and increased working capital.

First Solar announced Q2 2024 financial results with net sales of $1.0 billion and net income per diluted share of $3.25. The company maintains its full-year 2024 guidance and has a net cash balance of $1.2 billion.

First Solar reported net sales of $794 million and net income per diluted share of $2.20 for the first quarter of 2024. The company maintains its full-year 2024 P&L guidance and has a net cash balance of $1.4 billion.

First Solar announced strong Q4 2023 results, with net sales of $1.2 billion and net income per diluted share of $3.25. The company's year-end net cash balance reached $1.6 billion.

First Solar reported net sales of $801 million and net income per diluted share of $2.50 for the third quarter of 2023. The company maintains its full-year 2023 revenue guidance and raised the mid-point of EPS guidance from $7.50 to $7.60. The company's net cash balance was $1.3 billion.

First Solar announced strong financial results for the second quarter of 2023, with net sales of $811 million and net income per diluted share of $1.59. The company's net cash balance stands at $1.5 billion, and it has secured 21.1 GW in net bookings year-to-date.

First Solar announced its Q1 2023 financial results, with net sales of $548 million and net income per diluted share of $0.40. The company's net cash balance stands at $2.0 billion, and it has secured year-to-date net bookings of 12.1 GWDC, including 4.8 GWDC since the fourth quarter earnings call at an average selling price of $0.318 per watt.

First Solar announced its Q4 and full year 2022 financial results, reporting Q4 net sales of $1.0 billion and a net loss per diluted share of $0.07. The company's year-end net cash balance reached $2.4 billion, and they have secured 12 GWDC in net bookings since the third quarter earnings call.

First Solar reported net sales of $629 million for the third quarter, an increase of $8 million from the prior quarter. The company reported a net loss per diluted share of $0.46, compared to income per diluted share of $0.52 in the prior quarter.

First Solar reported net sales of $621 million and net income per diluted share of $0.52 for the second quarter of 2022. The company's cash, restricted cash, and marketable securities increased to $1.9 billion. They also have a record expected module shipment backlog of over 44 GWDC.

First Solar reported a decrease in net sales to $367 million and a net loss per share of $0.41 for Q1 2022. The company's cash, restricted cash, and marketable securities decreased to $1.6 billion. However, bookings remained strong, with 11.9 GWDC booked since the last earnings call, bringing the year-to-date total to 16.7 GWDC.

First Solar reported Q4 net sales of $0.9 billion and net income per diluted share of $1.23. The company's full year earnings per diluted share came in above the mid-point of the guidance range. Year-end cash, cash equivalents, restricted cash, and marketable securities decreased to $1.8 billion.

First Solar reported net sales of $584 million and net income per diluted share of $0.42 for Q3 2021. The company produced 2.0 GWDC of modules and increased its top production bin to 465 watts. They also started construction of a third factory in Ohio and began ordering equipment for their first factory in India. The company is reiterating its 2021 EPS guidance.

First Solar announced mixed Q2 2021 results with net sales of $629 million and net income per share of $0.77. The company is expanding manufacturing capacity in Ohio and India, aiming for 16 GWDC by 2024. They also validated a world record CdTe module efficiency and updated their 2021 guidance.

First Solar announced strong Q1 2021 results with net sales of $803 million and net income per share of $1.96. The company benefited from increased systems revenue due to U.S. project sales and the completion of sales of U.S. project development and North American O&M businesses. They maintain 2021 EPS guidance of $4.05 to $4.75.

First Solar reported Q4 net sales of $0.6 billion and net income per share of $1.08. The company's cash, restricted cash, and marketable securities increased to $1.8 billion. They provided 2021 net sales guidance of $2.85 billion to $3.0 billion and EPS guidance of $4.05 to $4.75.

First Solar announced strong financial results for Q3 2020, with net sales of $928 million and net income per share of $1.45. The company's cash, restricted cash, and marketable securities totaled $1.7 billion.

First Solar announced second quarter results with net sales of $642 million and net income per share of $0.35. The company's cash, restricted cash, and marketable securities totaled $1.6 billion.

First Solar announced first quarter 2020 financial results, reporting net sales of $532 million and net income per share of $0.85. The company withdrew its previous full-year 2020 financial and operational guidance but issued updated guidance for module production, operating expenses, and capital expenditures.