FSLR at a glance
First Solar (FSLR, SEC CIK 1274494) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on July 30, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), First Solar (FSLR) reported revenue of $5.2 billion (up 24.1% from FY2024) and net income of $1.5 billion. Diluted EPS was $14.21.
- As of June 30, 2026, 44 institutional investment managers tracked by SignalX reported holding First Solar (FSLR) shares worth $11.4 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Gloeckler Markus on October 1, 2026 of 800 shares at $174.00 per share.
- In the last 90 days, FSLR insiders reported 0 open-market purchases ($0) and 9 open-market sales ($3.8M) on Form 4, a net sale of $3.8M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $5.2B
- +24.1% vs prior year
- Insiders · 90 days
- 0 buys · 9 sells
- Net −$3.8M
- 13F holders
- 44 funds
- $11.4B · +1 vs prior quarter
- Latest 8-K
- Jul 30, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Section 45X credit (~$0.17/watt for U.S. modules) at risk from "One Big Beautiful Bill" signed July 4, 2025, curtailing energy tax credits
- China tightened tellurium export controls Feb 2025; tellurium is sole key input for CdTe modules, with China as major global producer
- BP Solar/Lightsource breach lawsuit filed Sept 2025 demanding $323.6M; defendants counterclaiming $175M plus $15M credit support return
- ~105 GW of new module capacity added globally in 2025, primarily China, intensifying oversupply pressure on pricing
- IEEPA tariffs struck down by U.S. Supreme Court Feb 20, 2026; replaced by Section 122 tariffs (up to 15%) affecting Vietnam, India, Malaysia manufacturing
Management Discussion & Analysis
- Revenue $5.2B in 2025, up 24% YoY (+$1.0B) vs $4.2B in 2024, driven by 24% volume increase in modules sold
- Gross margin 40.6% vs 44.2% in 2024 (-3.6pp); operating margin 30.6% vs 33.2%; net margin 29.3% vs 30.7%
- Cash $2.9B vs $1.8B YoY; operating cash flow $2.1B vs $1.2B; capex guidance $0.8B–$1.0B for 2026; no buybacks or dividends disclosed
- Section 45X tax credit sales generated ~$1.34B cash proceeds in 2025; $1.6B credits recognized as cost-of-sales reduction
- Key risks: OBBBA curtails IRA energy tax credits; IEEPA tariff legal uncertainty (Supreme Court ruled unlawful Feb 2026); China tellurium export controls threaten CdTe supply chain; BP Solar/Lightsource contract breach ($384.6M termination payments disputed in litigation
Business Overview
- US-focused thin film CdTe solar module manufacturer; US accounted for 96% of 2025 net sales
- Production commenced at new Alabama and Louisiana Series 7 facilities in 2024-2025; sixth US plant expected H2 2026
- OBBBA (July 2025) accelerated solar ITC/PTC termination deadline to early July 2026, creating urgency around customer project timelines
- ~7,900 associates as of Dec 31, 2025; India capacity reached 3.2 GW nameplate after recent expansion
- Reduced Series 6 international production amid global oversupply; US pricing stable due to IRA incentives and tariffs on Chinese imports
AI summary of the FSLR 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Net sales $1.1B, down 3.7% YoY from Q2 2025, despite third-party module volume up 5.3%
- Gross margin 57.3% vs 45.6% YoY, up 11.7 percentage points
- Modules sold 3.7 GW vs 3.6 GW YoY; production 4.3 GW vs 4.2 GW
- India Credit Facility fully repaid: $328.2M principal and $5.5M interest
- Headwinds: international Series 6 production reductions, tariffs, supply-demand imbalance, and reduced energy-credit availability
Risk Factors
- Newly added policy risk: “One Big Beautiful Bill” accelerated termination of certain energy tax credits on July 4, 2025
- Most material regulatory change: Section 301 tariffs of 10% on Malaysia, India, and EU imports and 12.5% on China and Vietnam
- Competitive legal risk: TOPCon patent litigation expanded to Trina Solar on February 27, 2026
- Near-term market risk: potential Section 232 tariffs on polysilicon, critical minerals, robotics, and industrial machinery
- Financial risk: international-facility underutilization could trigger impairment charges and increase selling costs
AI summary of the FSLR 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results for quarter ended June 30, 2026, released July 30, 2026
- Press release furnished as Exhibit 99.1, containing detailed financial results
Item EX-99.1: Item EX-99.1
- Q2 sales $1.06B, down 4% YoY, but diluted EPS $3.92, up 23%, reflecting substantially stronger profitability
- Adjusted EBITDA $644M with 61% margin versus 51% last year, highlighting improved manufacturing economics
Item 5.07: Submission of Matters to a Vote of Security Holders
- All ten director nominees elected, preserving board continuity through the next annual meeting
- PwC ratified as independent auditor for fiscal 2026, supporting audit oversight continuity
Item 2.02: Results of Operations and Financial Condition
- First Solar reporting Q1 2026 results for quarter ended March 31, 2026
- Press release and conference call scheduled April 30, 2026
Item EX-99.1: Item EX-99.1
- Q1 revenue $1.04B, up 24% YoY, with net income $347M and diluted EPS $3.22, up 65%
- Adjusted EBITDA $520M, up from $379M, with margin reaching 50% versus 45%
AI summaries of FSLR 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for FSLR
Don't miss the next FSLR filing
- Alerts as it files. A push when FSLR files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut FSLR, by share count.
- Ask anything. An AI agent that reads every FSLR filing and answers with sources.
FSLR alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Gloeckler Markus | Sell | Oct 1, 2026 | 800 | $174.00 |
| Ahearn Michael J | A | Sep 30, 2026 | 422 | - |
| George Anita M. | A | Sep 30, 2026 | 300 | - |
| KRO LISA A | A | Sep 30, 2026 | 300 | - |
| MORGAN CURTIS A | A | Sep 30, 2026 | 300 | - |
| Sweeney Michael T | A | Sep 30, 2026 | 300 | - |
| Wright Norman L. | A | Sep 30, 2026 | 300 | - |
| RENDUCHINTALA VENKATA S M | A | Sep 30, 2026 | 300 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $4.2B | $5.2B |
| Gross Profit | - | $1.9B | $2.1B |
| Operating Income | - | $1.4B | $1.6B |
| Net Income | - | $1.3B | $1.5B |
| Gross Margin | - | 44.2% | 40.6% |
| Op. Margin | - | 33.2% | 30.6% |
| Net Margin | - | 30.7% | 29.3% |
| Balance Sheet | |||
| Total Assets | $10.4B | $12.1B | $13.3B |
| Equity | - | $8.0B | $9.5B |
| ROE | - | 16.2% | 16.0% |
| Per Share | |||
| EPS | - | $12.02 | $14.21 |
| Cash Flow | |||
| Operating CF | - | $1.2B | $2.1B |
| CapEx | $1.4B | $1.5B | $869.9M |
Source: XBRL data in First Solar (FSLR)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate FSLR share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 44 | $11.42B |
| Q1 2026 | 43 | $9.54B |
| Q4 2025 | 40 | $15.82B |
| Q3 2025 | 41 | $13.97B |
| Q2 2025 | 37 | $11.53B |
| Q1 2025 | 37 | $5.85B |
| Q4 2024 | 32 | $6.13B |
| Q3 2024 | 29 | $4.46B |
- D.E. Shaw & Co+1.26M (+2130%)
- FMR LLC (Fidelity)+370.8K (+21%)
- State Street Corp+291.4K (+6%)
- Wells Fargo & Co+221.4K (+242%)
- BlackRock+208.0K (+2%)
- JPMorgan Chase & Co−1.12M (-49%)
- Millennium Management−695.0K (-73%)
- AQR Capital Management−386.8K (-48%)
- Citadel Advisors LLC−248.9K (-74%)
- Bank of America Corp−155.9K (-18%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 303 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
FSLR filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Aug 18, 2026 | - | - | - |
| SC 13G | Aug 13, 2026 | - | - | |
| 4 | Aug 12, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
Related Information Technology companies
- AMD · Advanced Micro DevicesSemiconductors & Related Devices
- ALMU · Aeluma, Inc.Semiconductors & Related Devices
- AOSL · ALPHA & OMEGA SEMICONDUCTOR LtdSemiconductors & Related Devices
- AMBA · AMBARELLA INCSemiconductors & Related Devices
- AMBQ · Ambiq Micro, Inc.Semiconductors & Related Devices
- ADI · Analog DevicesSemiconductors & Related Devices
- AMAT · Applied MaterialsSemiconductors & Related Devices
- AAOI · APPLIED OPTOELECTRONICS, INC.Semiconductors & Related Devices
FSLR SEC filings: frequently asked questions
Are FSLR insiders buying or selling?
In the last 90 days, First Solar (FSLR) officers, directors and 10% owners reported no open-market purchases and 9 open-market sales worth $3.8 million by 4 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold FSLR stock?
As of June 30, 2026, the largest First Solar (FSLR) holders among the 13F filers tracked by SignalX were BlackRock ($3.3 billion), Vanguard Capital Management LLC ($1.6 billion), Vanguard Portfolio Management LLC ($1.3 billion), State Street Corp ($1.3 billion), Invesco Ltd ($613.4 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was FSLR's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), First Solar (FSLR) reported revenue of $5.2 billion (up 24.1% from FY2024) and net income of $1.5 billion. Diluted EPS was $14.21. The figures come from the XBRL data in the 10-K.
What are the main risks in FSLR's latest 10-K?
In the 10-K filed February 24, 2026, First Solar (FSLR) flagged: Section 45X credit (~$0.17/watt for U.S. modules) at risk from "One Big Beautiful Bill" signed July 4, 2025, curtailing energy tax credits. China tightened tellurium export controls Feb 2025; tellurium is sole key input for CdTe modules, with China as major global producer. (AI summary of the Risk Factors section.)
What did FSLR report in its latest 8-K?
First Solar (FSLR) filed an 8-K on July 30, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 results for quarter ended June 30, 2026, released July 30, 2026.
What are the latest FSLR SEC filings?
First Solar (FSLR) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on July 30, 2026 and a Form 4 insider filing on October 2, 2026.
What is FSLR's SEC CIK number?
First Solar (FSLR)'s SEC Central Index Key (CIK) is 1274494. EDGAR lists every FSLR filing under that number.
Ask anything about FSLR
The research agent reads FSLR's filings, financials, insider trades and 13F holders, then answers with sources.