Short answer
First Solar (FSLR) filed its Q2 2025 10-Q quarterly report on Jul 31, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $1.1B (up 8.6% year over year) with net income of $342M.
Q2 2025 key financials · XBRL
- Revenue
- $1.1B
- +8.6% YoY · +29.9% QoQ
- Net income
- $342M
- −2.1% YoY · +63.2% QoQ
- Operating margin
- 33.0%
- Gross margin
- 45.6%
- EPS (diluted)
- $3.18
- −2.2% YoY · +63.1% QoQ
Source: XBRL data from the First Solar (FSLR) Q2 2025 10-Q on SEC EDGAR. USD.
First Solar Q2 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: AD/CVD petitions filed April-July 2025 on unfairly traded solar products from India, Indonesia, Laos, with USITC determinations expected September 2025-February 2026
- Material update: Reciprocal US tariffs up to 40% on Vietnamese imports announced July 2025, possibly impacting module costs and international facility operations
- Regulatory/legal risk: Multiple US trade investigations and tariffs on critical minerals and solar imports, including 50% tariffs on aluminum/steel effective June 2025
- Operational risk: ALMM policy amendments in India through May 2025 impose efficiency thresholds and domestic content requirements for solar modules
- Financial risk: Section 45X tax credit providing approx. $0.17/watt for US-made modules, agreements executed for credits generated in 2023-2025
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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