First Solar, Inc. (FSLR) Earnings History
Elite Compounder25 years of earnings data (2001–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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First Solar, Inc. (FSLR) Earnings Overview
As of June 22, 2026, First Solar, Inc. (FSLR) reported trailing twelve-month net income of $1.67B, reflecting +18.2% year-over-year growth. The company earned $15.47 per diluted share over the past four quarters, with a net profit margin of 29.3%.
Looking at the long-term picture, FSLR's 5-year EPS compound annual growth rate (CAGR) stands at +30.7%, indicating exceptional earnings growth. The company achieved its highest annual net income of $1.53B in fiscal 2025, representing a new all-time high.
First Solar, Inc. maintains industry-leading profitability with a gross margin of 40.6%, operating margin of 32.3%, and net margin of 29.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including CSIQ (-$102M net income, -1.9% margin), JKS (-$2.52B net income, -6.8% margin), ARRY (-$67M net income, -4.1% margin), FSLR has outperformed on profitability metrics. Compare FSLR vs CSIQ →
FSLR Earnings vs Peers
Earnings metrics vs comparable public companies
FSLR Historical Earnings Data (2001–2025)
23 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.53B | +18.3% | $1.68B | $14.21 | 29.3% | 32.3% |
| 2024 | $1.29B | +55.5% | $1.39B | $12.02 | 30.7% | 33.2% |
| 2023 | $831M | +1981.0% | $857M | $7.74 | 25.0% | 25.8% |
| 2022 | -$44M | -109.4% | -$27M | $-0.41 | -1.7% | -1.0% |
| 2021 | $469M | +17.7% | $587M | $4.38 | 16.0% | 20.1% |
| 2020 | $398M | +446.6% | $317M | $3.73 | 14.7% | 11.7% |
| 2019 | -$115M | -179.6% | -$162M | $-1.09 | -3.8% | -5.3% |
| 2018 | $144M | +187.1% | $40M | $1.36 | 6.4% | 1.8% |
| 2017 | -$166M | +60.2% | $178M | $-1.59 | -5.6% | 6.0% |
| 2016 | -$416M | -170.1% | -$568M | $-3.48 | -14.3% | -19.6% |
| 2015 | $593M | +49.9% | $730M | $5.37 | 14.4% | 17.8% |
| 2014 | $396M | +12.9% | $422M | $3.91 | 11.7% | 12.4% |
| 2013 | $351M | +464.0% | $370M | $3.70 | 10.6% | 11.2% |
| 2012 | -$96M | -143.9% | -$38M | $-1.11 | -2.9% | -1.1% |
| 2011 | -$39M | -105.9% | -$69M | $-0.46 | -1.4% | -2.5% |
| 2010 | $664M | +3.8% | $749M | $7.68 | 25.9% | 29.2% |
| 2009 | $640M | +83.8% | $680M | $7.53 | 31.0% | 32.9% |
| 2008 | $348M | +120.0% | $438M | $4.24 | 27.9% | 35.2% |
| 2007 | $158M | +3884.8% | $137M | $2.03 | 31.4% | 27.2% |
| 2006 | $4M | +161.5% | $3M | $0.07 | 2.9% | 2.1% |
| 2005 | -$6M | +61.5% | -$5M | $-0.13 | -13.4% | -10.0% |
| 2004 | -$17M | +38.2% | -$17M | $-0.38 | -124.0% | -124.1% |
| 2001 | -$27M | - | -$26M | $-0.50 | - | - |
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FSLR — Frequently Asked Questions
Quick answers to the most common questions about buying FSLR stock.
What is FSLR earnings per share (EPS)?
FSLR trailing twelve-month (TTM) diluted EPS is $15.47, reflecting +18.2% year-over-year growth. The 5-year EPS CAGR is +30.7%. Complete EPS history from 2001 to 2025 is available in the table on this page.
What is First Solar, Inc.'s net income?
First Solar, Inc. (FSLR) trailing twelve-month net income is $1.7B as of 2025. Earnings grew +18.2% year-over-year. First Solar, Inc. has been profitable for 3 consecutive years.
Is FSLR profitable?
Yes, FSLR is profitable with a TTM net income of $1.7B and a net profit margin of +29.3%. First Solar, Inc. has generated profits for 3 consecutive years.
What is FSLR's earnings growth rate?
FSLR compound annual EPS growth rates (CAGR): 1-Year: +18.2%, 3-Year: N/A, 5-Year: +30.7%, 10-Year: +10.2%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2001 to 2025.
What are FSLR's profit margins?
First Solar, Inc. net profit margin is +29.3%, operating margin is +32.3%, and gross margin is +40.6%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +17.4%.
Is FSLR growing earnings?
Yes, FSLR earnings are accelerating — EPS growth of +18.2% exceeds the 5-year CAGR of +30.7%. TTM net income reached $1.7B. Earnings momentum is strengthening.
What was FSLR's best earnings year?
First Solar, Inc.'s highest annual net income on record is $1.5B, achieved in fiscal year 2025. Earnings history on this page spans 2001 to 2025 and includes all annual and quarterly figures.
What were FSLR's earnings last quarter?
FSLR's most recent reported quarter was Q1 2026. Net income was $347M with diluted EPS of $3.22. For a full breakdown of all quarters, see the quarterly earnings table on this page.