Every 10-Q that First Solar, Inc. (FSLR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FSLR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FSLR filings page.
First Solar, Inc. grew strongly in early 2026, combining higher sales with robust profitability and major U.S. tax incentives. For the three months ended March 31, 2026, net sales rose to $1.04 billion from $844.6 million, driven mainly by a 30.9% increase in solar module volumes sold, partly offset by lower average prices due to more sales in India.
Gross margin expanded to 46.6% from 40.8%, helped by lower logistics costs and a larger mix of U.S.-made modules qualifying for Section 45X advanced manufacturing production credits. Net income increased to $346.6 million from $209.5 million, with diluted earnings per share rising to $3.22 from $1.95, while the effective tax rate remained low at 2.2% thanks to these credits.
First Solar ended the quarter with $2.36 billion in cash and cash equivalents and total assets of $13.35 billion, but used $214.9 million in operating cash flow as receivables, inventories, and government grants receivable increased. The company produced 4.3 GW and sold 3.8 GW of modules, and reported a contracted backlog of 47.9 GW with an aggregate transaction price of $14.4 billion, expected to be recognized through 2030.
First Solar (FSLR) reported strong Q3 performance, with net sales of $1,594,856 thousand and diluted EPS of $4.24, up from $2.91 a year ago. Gross profit reached $610,745 thousand and operating income was $466,095 thousand, driving net income to $455,943 thousand. For the first nine months, net sales were $3,536,594 thousand and net income was $1,007,346 thousand.
Cash and cash equivalents were $1,992,173 thousand, supported by Section 45X monetization, including $311.9 million of 2025 credits sold for $296.3 million in June and an agreement for up to $391.0 million with $247.7 million received in July and October 2025. Deferred revenue totaled $2,217,765 thousand. The company recorded a $65 million specific warranty liability within an estimated $50–$90 million range related to certain Series 7 modules. Cash from operations was $815,212 thousand, funding capex and strengthening liquidity. As of October 24, 2025, 107,308,141 common shares were outstanding.