FSLR First Solar
Q3 2025 10-Q
Filed: Oct 30, 2025Period ending Sep 30, 2025
Information Technology
Semiconductors & Related DevicesSEC EDGAR First Solar (FSLR) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 30, 2025 for the fiscal period ending Sep 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.
AI Filing AnalysisQ3 2025 10-Q
Management Discussion & Analysis
- • Revenue $1.595B Q3 FY25, up 79.7% YoY from $0.888B Q3 FY24, driven by 79.1% higher volume and prior Series 7 manufacturing issues recovery
- • Gross margin 38.3% Q3 FY25 vs 50.2% Q3 FY24, down 11.9 pts due to higher logistics costs, lower Section 45X credit impact, and contract termination effects
Risk Factors
- • New legal risk: Patent infringement claims initiated in 2023 with discovery and claim construction scheduled in early 2026
- • Updated operational risk: Manufacturing issues in Series 7 modules lead to warranty liability of $89.5M, with estimated losses up to an undisclosed upper range
Quarterly Financial SummaryXBRL
Revenue
$1.6B
▲ +79.7% YoY▲ +45.4% QoQ
Net Income
$456M
▲ +45.7% YoY▲ +33.4% QoQ
Gross Margin
38.3%
▼ -1187bp YoY▼ -726bp QoQ
Operating Margin
29.2%
▼ -705bp YoY▼ -373bp QoQ
Net Margin
28.6%
▼ -667bp YoY▼ -257bp QoQ
ROE
5.1%
Total Assets
$13.5B
EPS (Diluted)
$4.24
▲ +45.7% YoY▲ +33.3% QoQ
Operating Cash Flow
$1.3B
▲ +2470.2% YoY▲ +751.5% QoQ
Source: XBRL data from First Solar Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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