First Solar (FSLR) Q2 2025 10-Q Quarterly Report

Filed: Jul 31, 2025Period ending Jun 30, 2025

Information Technology

Semiconductors & Related DevicesSEC EDGAR

First Solar (FSLR) 10-Q quarterly report for Q2 2025, filed with SEC EDGAR on Jul 31, 2025 for the fiscal period ending Jun 30, 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 Q2 2025 10-Q Analysis

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

First Solar Q2 2025 Quarterly Financials
XBRL

Revenue

$1.1B

▲ +8.6% YoY▲ +29.9% QoQ

Net Income

$342M

▼ -2.1% YoY▲ +63.2% QoQ

Gross Margin

45.6%

▼ -381bp YoY▲ +478bp QoQ

Operating Margin

33.0%

▼ -391bp YoY▲ +676bp QoQ

Net Margin

31.2%

▼ -341bp YoY▲ +635bp QoQ

EPS (Diluted)

$3.18

▼ -2.2% YoY▲ +63.1% QoQ

Operating Cash Flow

$150M

▼ -22.5% YoY▲ +124.6% QoQ

Source: XBRL data from First Solar Q2 2025 10-Q filing on SEC EDGAR. All figures in USD.

Other First Solar Quarterly Reports

Q3 2025 10-Q

Q1 2025 10-Q

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