First Solar, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.06B | $1.04B | $1.68B | $1.59B | $1.10B | $844.6M | $1.51B | $887.7M |
| Cost of Revenue | $451.2M | $558.1M | $1.02B | $984.1M | $597.3M | $500.2M | $946.4M | $442.4M |
| Gross Profit | $605.0M | $486.1M | $665.3M | $610.7M | $499.9M | $344.4M | $567.7M | $445.3M |
| Gross Margin | 57.3% | 46.6% | 39.5% | 38.3% | 45.6% | 40.8% | 37.5% | 50.2% |
| Operating Expenses | ||||||||
| Research & Development | $76.2M | $66.9M | $66.0M | $60.6M | $54.5M | $52.4M | $46.5M | $50.2M |
| SG&A Expense | $51.9M | $65.3M | $50.7M | $47.3M | $52.6M | $53.2M | $49.6M | $46.3M |
| Operating Income | $450.4M | $345.3M | $547.9M | $466.1M | $361.6M | $221.2M | $456.8M | $322.0M |
| Operating Margin | 42.6% | 33.1% | 32.6% | 29.2% | 33.0% | 26.2% | 30.2% | 36.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $459.4M | $354.3M | $551.3M | $460.3M | $352.2M | $217.1M | $446.3M | $327.3M |
| Income Tax Expense | $36.8M | $7.7M | $30.5M | $4.4M | $10.3M | $7.5M | $53.2M | $14.4M |
| Net Income | $422.6M | $346.6M | $520.9M | $455.9M | $341.9M | $209.5M | $393.1M | $313.0M |
| Net Margin | 40.0% | 33.2% | 31.0% | 28.6% | 31.2% | 24.8% | 26.0% | 35.3% |
| EPS (Basic) | $3.93 | $3.23 | $4.85 | $4.25 | $3.19 | $1.96 | $3.68 | $2.92 |
| EPS (Diluted) | $3.92 | $3.22 | $4.84 | $4.24 | $3.18 | $1.95 | $3.66 | $2.91 |
| Shares Outstanding (Basic) | 107.5M | 107.4M | 107.2M | 107.3M | 107.2M | 107.1M | 107.0M | 107.0M |
| Shares Outstanding (Diluted) | 107.7M | 107.6M | 107.5M | 107.5M | 107.5M | 107.4M | 107.5M | 107.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |