Stocks Technology FSLR
NASDAQ · TechnologyFirst Solar, Inc. (FSLR)
First Solar, Inc. brought in $5B of revenue over the twelve months to September 30, 2026, down 0.7% from a year earlier. Net income was $1.9B, a net margin of 37.1%. Operating cash flow minus capital spending left $1.2B of free cash flow in fiscal 2025. At September 30, 2026 it held $1.6B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.
Key facts about First Solar, Inc.
- Net worth
- First Solar, Inc. has a market value (market cap) of $20.6B at the latest share price, and shareholders' equity of $10.9B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $5.2B (+24.1% year on year), with net income of $1.5B. Over the 12 months to September 30, 2026: revenue $5B, net income $1.9B.
- Cash flow
- In fiscal 2025 operations brought in $2.1B of cash; after $869.9M of capital spending, free cash flow was $1.2B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- First Solar, Inc.'s next report is expected around February 23, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What First Solar, Inc. does
First Solar, Inc. is registered with the SEC under industry code SIC 3674 (Semiconductors & Related Devices). Its shares trade on NASDAQ under the ticker FSLR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $5.2B | $1.5B | $14.21 | $1.2B |
| 2024 | $4.2B | $1.3B | $12.02 | -$308.1M |
| 2023 | $3.3B | $830.8M | $7.74 | -$784.5M |
| 2022 | $2.6B | -$44.2M | -$0.41 | -$30.2M |
| 2021 | $2.9B | $468.7M | $4.38 | -$302.7M |
| 2020 | $2.7B | $398.4M | $3.73 | -$379.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where FSLR ranks in Technology
Latest SEC filings
What First Solar, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 29, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 23% to $1.2B versus the same quarter last year; diluted EPS $5.30 versus $4.24.
- October 29, 2026
- October 15, 2026Passive stake changed SCHEDULE 13G/A
- October 15, 2026Passive stake (5% or more) SCHEDULE 13G
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 13, 2026Passive stake (5% or more) SCHEDULE 13G
- August 7, 2026Passive stake (5% or more) SCHEDULE 13G
- July 30, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 3.7% to $1.1B versus the same quarter last year; diluted EPS $3.92 versus $3.18.
- July 30, 2026
- July 28, 2026Passive stake changed SCHEDULE 13G/A
What is FSLR worth? A DCF from its reported cash flow
Insider trades
What the people running First Solar, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $327.5K worth of shares in the last 90 days and bought none on the open market. Most of the selling (91%) was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Gloeckler MarkusChief Technology Officer | Soldpre-planned (10b5-1) | 800 | $139.2K |
| September 30, 2026 | Morgan Curtis ADirector | Received as pay | 300 | - |
| September 30, 2026 | Renduchintala Venkata S MDirector | Received as pay | 300 | - |
| September 30, 2026 | Wright Norman L.Director | Received as pay | 300 | - |
| September 30, 2026 | Kro Lisa ADirector | Received as payindirect | 300 | - |
| September 30, 2026 | George Anita M.Director | Received as pay | 300 | - |
| September 30, 2026 | Sweeney Michael TDirector | Received as pay | 300 | - |
| September 30, 2026 | Stebbins Paul HDirector | Received as payindirect | 300 | - |
Who owns FSLR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.3% | April 29, 2026 |
| G1 Execution Services, LLC13G, passive with 4 related filers | 7% | August 14, 2026 |
| Kenneth Griffin13G, passive with 6 related filers | 6% | October 15, 2026 |
| Vanguard Portfolio Management13G, passive | 5.32% | April 29, 2026 |
| Jane Street Group, LLC13G, passive with 3 related filers | 5.1% | August 13, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,008 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 14,029,065 | +207,989 |
| Vanguard Capital Management LLC | 6,836,941 | +48,007 |
| Vanguard Portfolio Management LLC | 5,638,446 | -58,442 |
| State Street Corp | 5,576,026 | +291,409 |
| Capital World Investors | 4,114,639 | new |
| Geode Capital Management, LLC | 3,109,602 | +2,776 |
| Hill City Capital, LP | 2,628,130 | +450,590 |
| Invesco Ltd. | 2,599,470 | -57,315 |
| Fmr LLC | 2,179,215 | +370,782 |
| Morgan Stanley | 1,790,509 | +108,107 |
| Amundi | 1,730,693 | -318,772 |
| Norges Bank | 1,598,543 | new |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1,535,836 | +100,694 |
| Dimensional Fund Advisors LP | 1,358,967 | +53,496 |
| D. E. Shaw & Co., Inc. | 1,319,431 | +1,260,255 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 1,301,884 | -379,961 |
| Clean Energy Transition LLP | 1,278,237 | -148,350 |
| Northern Trust Corp | 1,264,724 | -125,905 |
| UBS Group AG | 1,215,007 | +9,189 |
| Jpmorgan Chase & Co | 1,185,601 | -1,118,438 |
Insiders
19 insiders reported holding 329,991 shares in total, about $63.2M at the last price.
| Holder | Shares |
|---|---|
| Widmar Mark RChief Executive Officer, Director | 81,861 |
| Ahearn Michael JDirector | 66,479 |
| Bradley Alexander R.Chief Financial Officer | 30,712 |
| Post William JDirector | 27,68527,685 held indirectly |
| Stockdale CarolineChief People and Comm. Officer | 23,792 |
| Antoun GeorgesChief Commercial Officer | 19,918 |
| Stebbins Paul HDirector | 16,25016,250 held indirectly |
| Sweeney Michael TDirector | 14,625 |
| Koralewski MichaelChief Supply Chain Officer | 7,642 |
| Dymbort Jason E.General Counsel and Secretary | 5,624 |
Questions about FSLR
What does First Solar, Inc. do?
First Solar, Inc. is a company in the Technology sector, listed on NASDAQ as FSLR. Its shares trade on NASDAQ under the ticker FSLR.
What is First Solar, Inc.'s net worth?
First Solar, Inc. has a market value (market cap) of $20.6B at the latest share price, and shareholders' equity of $10.9B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is First Solar, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $1.9B on revenue of $5B, a net margin of 37.1%.
How much revenue does First Solar, Inc. make?
Over the twelve months to September 30, 2026 First Solar, Inc. reported revenue of $5B. That is 0.7% less than a year earlier.
When did First Solar, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026.
When is First Solar, Inc.'s next earnings report?
First Solar, Inc.'s next report is expected around February 23, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values First Solar, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.