First Solar (FSLR) Revenue & Revenue Breakdown

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First Solar Revenue Highlights

Latest Revenue (Y)

$5.22B

Latest Revenue (Q)

$1.59B

Main Segment (Y)

Solar Module

Main Geography (Y)

UNITED STATES

First Solar Revenue by Period

First Solar Revenue by Year

Date	Revenue	Change
2025-12-31	$5.22B	24.09%
2024-12-31	$4.21B	26.75%
2023-12-31	$3.32B	26.70%
2022-12-31	$2.62B	-10.40%
2021-12-31	$2.92B	7.82%
2020-12-31	$2.71B	-11.48%
2019-12-31	$3.06B	36.50%
2018-12-31	$2.24B	-23.71%
2017-12-31	$2.94B	1.27%
2016-12-31	$2.90B	-29.37%
2015-12-31	$4.11B	21.27%
2014-12-31	$3.39B	2.46%
2013-12-31	$3.31B	-1.75%
2012-12-31	$3.37B	21.77%
2011-12-31	$2.77B	7.91%
2010-12-31	$2.56B	24.07%
2009-12-31	$2.07B	65.79%
2008-12-31	$1.25B	147.29%
2007-12-31	$503.98M	273.39%
2006-12-31	$134.97M	180.83%
2005-12-31	$48.06M	255.44%
2004-12-31	$13.52M	321.25%
2003-12-31	$3.21M	555.10%
2002-12-31	$490.00K	100.00%
2001-12-31	-	-

First Solar generated $5.22B in revenue during NA 2025, up 24.09% compared to the previous quarter, and up 192.50% compared to the same period a year ago.

First Solar Revenue by Quarter

Date	Revenue	Change
2025-09-30	$1.59B	45.36%
2025-06-30	$1.10B	29.91%
2025-03-31	$844.57M	-44.22%
2024-12-31	$1.51B	70.56%
2024-09-30	$887.67M	-12.15%
2024-06-30	$1.01B	27.25%
2024-03-31	$794.11M	-31.46%
2023-12-31	$1.16B	44.62%
2023-09-30	$801.09M	-1.18%
2023-06-30	$810.67M	47.86%
2023-03-31	$548.29M	-45.30%
2022-12-31	$1.00B	59.38%
2022-09-30	$628.93M	1.28%
2022-06-30	$620.96M	69.18%
2022-03-31	$367.04M	-59.55%
2021-12-31	$907.32M	55.49%
2021-09-30	$583.50M	-7.26%
2021-06-30	$629.18M	-21.68%
2021-03-31	$803.37M	31.87%
2020-12-31	$609.23M	-34.32%
2020-09-30	$927.57M	44.39%
2020-06-30	$642.41M	20.73%
2020-03-31	$532.12M	-61.97%
2019-12-31	$1.40B	155.92%
2019-09-30	$546.81M	-6.52%
2019-06-30	$584.96M	9.96%
2019-03-31	$531.98M	-23.04%
2018-12-31	$691.24M	2.22%
2018-09-30	$676.22M	118.62%
2018-06-30	$309.32M	-45.47%
2018-03-31	$567.26M	67.25%
2017-12-31	$339.18M	-68.80%
2017-09-30	$1.09B	74.39%
2017-06-30	$623.33M	-30.10%
2017-03-31	$891.79M	85.62%
2016-12-31	$480.43M	-30.17%
2016-09-30	$688.03M	-26.37%
2016-06-30	$934.38M	10.12%
2016-03-31	$848.48M	-9.96%
2015-12-31	$942.32M	-25.87%
2015-09-30	$1.27B	41.85%
2015-06-30	$896.22M	91.01%
2015-03-31	$469.21M	-53.45%
2014-12-31	$1.01B	13.35%
2014-09-30	$889.31M	63.37%
2014-06-30	$544.35M	-42.71%
2014-03-31	$950.16M	23.65%
2013-12-31	$768.44M	-39.28%
2013-09-30	$1.27B	143.49%
2013-06-30	$519.76M	-31.18%
2013-03-31	$755.21M	-29.75%
2012-12-31	$1.08B	28.11%
2012-09-30	$839.15M	-12.35%
2012-06-30	$957.33M	92.60%
2012-03-31	$497.06M	-24.73%
2011-12-31	$660.35M	-34.34%
2011-09-30	$1.01B	88.78%
2011-06-30	$532.77M	-6.08%
2011-03-31	$567.29M	-6.97%
2010-12-31	$609.80M	-23.57%
2010-09-25	$797.90M	35.73%
2010-06-26	$587.85M	3.50%
2010-03-27	$567.96M	-11.43%
2009-12-26	$641.26M	33.36%
2009-10-29	$480.85M	-8.56%
2009-06-30	$525.88M	25.75%
2009-04-30	$418.21M	-3.56%
2008-12-27	$433.65M	24.36%
2008-09-27	$348.69M	30.58%
2008-06-28	$267.04M	35.61%
2008-03-29	$196.91M	-1.93%
2007-12-29	$200.80M	-

First Solar generated $1.59B in revenue during Q3 2025, up 45.36% compared to the previous quarter, and up 157.83% compared to the same period a year ago.

First Solar Revenue Breakdown

First Solar Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Other	$3.56M	-	-	-	-
Solar Module	$4.20B	$23.30B	$2.43B	$5.90B	$1.74B
Modules Segment	$4.20B	-	-	-	-
EPC Services	-	-	-	$2.94M	-
Solar Power System	-	$19.95M	-	-	-
Solar Power Systems, Sales of	-	$19.95M	$153.29M	$794.80M	-
Operations and Maintenance	-	$1.86M	$11.99M	$115.59M	-
Energy Generation	-	$-19.00K	$25.76M	$61.95M	-

First Solar's latest annual revenue breakdown by segment (product or service), as of Dec 24: Solar Module (49.98%), Modules Segment (49.98%), and Other (0.04%).

Quarterly Revenue by Product

Product/Service	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
Solar Module	-	$21.70B	$22.30B	$23.40B	$300.00M	$23.00B	$802.24M	$536.59M	$846.03M	$619.92M	$607.45M	$354.88M	$690.94M	$4.60B	$4.40B	$4.10B	$548.38M	$422.48M	$371.52M	$393.68M
Modules Segment	$1.51B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other	$152.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Energy Generation	-	-	-	-	-	$-1.00K	$-1.00K	$-17.00K	$5.07M	$5.44M	$8.96M	$6.29M	$7.06M	$14.34M	$22.58M	$17.97M	-	-	-	-
Solar Power Systems, Sales of	-	-	-	-	$477.00K	$217.00K	$8.00M	$11.26M	$150.86M	$90.00K	$374.00K	$1.97M	$18.07M	$471.17M	$215.47M	$90.08M	-	-	-	-
Operations and Maintenance	-	-	-	-	$487.00K	$481.00K	$441.00K	$452.00K	$437.00K	$3.48M	$4.18M	$3.90M	$26.35M	$28.06M	$31.70M	$29.48M	-	-	-	-
EPC Services	-	-	-	-	-	-	-	-	-	-	-	-	$9.36M	$-8.48M	$1.14M	$919.00K	-	-	-	-

First Solar's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Modules Segment (99.99%), and Other (0.01%).

First Solar Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
UNITED STATES	$4.99B	$3.90B	$3.19B	$2.19B	$2.46B
INDIA	$195.58M	$201.71M	$37.22M	$37.65M	-
FRANCE	$6.30M	$34.37M	$68.30M	$67.66M	$121.54M
CHILE	-	-	$9.00K	$173.28M	-
Other	-	-	$21.79M	-	-
JAPAN	-	-	$6.95M	$46.43M	$207.61M
All other foreign countries	-	-	-	$101.04M	$82.88M
CANADA	-	-	-	$82.00K	$5.29M
AUSTRALIA	-	-	-	-	$11.81M

First Solar's latest annual revenue breakdown by geography, as of Dec 25: UNITED STATES (96.11%), INDIA (3.76%), and FRANCE (0.12%).

Quarterly Revenue by Country

Country	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Sep 22	Jun 22	Mar 22	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18
Other	$674.00K	$964.00K	$697.00K	$8.44M	$11.70M	$9.01M	$13.51M	$12.16M	-	-	-	-	-	-	-	-	-	-	-	-
Systems Segment	-	-	-	-	-	-	-	-	$20.69M	$86.22M	$268.70M	$60.85M	$505.08M	$270.89M	$138.44M	$738.00M	$175.62M	$356.21M	$333.16M	$575.69M

First Solar's latest quarterly revenue breakdown by geography, as of Mar 24: Other (100.00%).

First Solar Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
CVE	Cenovus Energy	$52.20B	$13.40B
HAL	Halliburton	$22.18B	$5.60B
TRGP	Targa Resources	$17.14B	$4.15B
WDS	Woodside Energy Group	$13.99B	$6.71B
EXE	Expand Energy	$12.12B	$2.97B
PBA	Pembina Pipeline	$9.13B	$1.60B
CQP	Cheniere Energy Partners	$8.70B	$2.40B
EQT	EQT	$8.64B	$1.82B
FSLR	First Solar	$5.22B	$1.59B
NXT	Nextpower	$2.96B	$909.35M

FSLR Revenue FAQ

What is First Solar’s yearly revenue?

First Solar's yearly revenue for 2025 was $5.22B, representing an increase of 24.09% compared to 2024. The company's yearly revenue for 2024 was $4.21B, representing an increase of 26.75% compared to 2023. FSLR's yearly revenue for 2023 was $3.32B, representing an increase of 26.70% compared to 2022.

What is First Solar’s quarterly revenue?

First Solar's quarterly revenue for Q3 2025 was $1.59B, a 45.36% increase from the previous quarter (Q2 2025), and a 79.67% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $1.1B, a 29.91% increase from the previous quarter (Q1 2025), and a 8.58% increase year-over-year (Q2 2024). FSLR's quarterly revenue for Q1 2025 was $844.57M, a -44.22% decrease from the previous quarter (Q4 2024), and a 6.35% increase year-over-year (Q1 2024).

What is First Solar’s revenue growth rate?

First Solar's revenue growth rate for the last 3 years (2023-2025) was 57.28%, and for the last 5 years (2021-2025) was 78.54%.

What are First Solar’s revenue streams?

First Solar's revenue streams in c 24 are Other, Solar Module, and Modules Segment. Other generated $3.56M in revenue, accounting 0.04% of the company's total revenue Solar Module generated $4.2B in revenue, accounting 49.98% of the company's total revenue, down -81.96% year-over-year. Modules Segment generated $4.2B in revenue, accounting 49.98% of the company's total revenue

What is First Solar’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of First Solar was Solar Module. This segment made a revenue of $4.2B, representing 49.98% of the company's total revenue.