First Solar (FSLR) Q1 2025 10-Q Quarterly Report

Filed: Apr 29, 2025Period ending Mar 31, 2025
Information Technology
Semiconductors & Related DevicesSEC EDGAR

First Solar (FSLR) 10-Q quarterly report for Q1 2025, filed with SEC EDGAR on Apr 29, 2025 for the fiscal period ending Mar 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

First Solar Q1 2025 10-Q Analysis

Risk Factors

  • New risk: U.S. reciprocal tariffs effective April 5, 2025 on imports from Vietnam, India, Malaysia could increase costs and impair international facility operations
  • Material update: April 21, 2025 final antidumping duties range 0%-3400% on solar imports from Cambodia, Malaysia, Thailand, Vietnam, substantially raising import costs
  • Legal risk: February 2025 patent infringement lawsuit filed against JinkoSolar over U.S. TOPCon patents, with potential costly litigation and uncertain outcomes
  • Market risk: India's ALMM tightened in December 2024, requiring domestic solar cells for projects after June 2026, affecting module sourcing and sales
  • Financial risk: Tariffs and import taxes in India aggregate to 40% on modules and 27.5% on cells as of February 2025, impacting pricing and demand

First Solar Q1 2025 Quarterly Financials
XBRL

Revenue

$845M

+6.4% YoY

Net Income

$210M

-11.4% YoY

Gross Margin

40.8%

-279bp YoY

Operating Margin

26.2%

-442bp YoY

Net Margin

24.8%

-499bp YoY

EPS (Diluted)

$1.95

-11.4% YoY

Operating Cash Flow

-$608M

-327.1% YoY

Source: XBRL data from First Solar Q1 2025 10-Q filing on SEC EDGAR. All figures in USD.

Other First Solar Quarterly Reports

Get deeper insights on First Solar

Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.