Company profile · Semiconductors
First Solar (FSLR)
Nasdaq: FSLR · Phoenix, AZ · Data from SEC filings, updated Oct 6, 2026
Overview
First Solar trades on Nasdaq under the ticker FSLR and is classified by RoxMag in the Semiconductors segment (SEC industry code 3674, Semiconductors & Related Devices). Its principal executive offices are in Phoenix, AZ. The company was founded in 1999. In its annual report for the fiscal year ended December 31, 2025, it reported revenue of $5.22 billion and net income of $1.53 billion. By public float it ranks #14 of the 68 semiconductors companies profiled on RoxMag.
First Solar, Inc. is an American publicly traded manufacturer of solar panels. First Solar uses rigid thin-film modules for its solar panels, and produces CdTe panels using cadmium telluride (CdTe) as a semiconductor. The predecessor company, Solar Cells, Inc., was founded in 1990 by inventor Harold McMaster. In 1999, Solar Cells, Inc., was purchased by True North Partners, LLC, led by Michael Ahearn, and rebranded as First Solar, Inc.
Financial history
Annual figures as reported in First Solar's 10-K filings (US dollars).
- Revenue growth
- 24.1%
- vs prior year, FY2025
- Net margin
- 29.3%
- net income ÷ revenue, FY2025
- Operating margin
- 30.6%
- operating income ÷ revenue, FY2025
- R&D share of revenue
- 4.5%
- R&D ÷ revenue, FY2025
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $5.2B | $4.2B | $3.3B | $2.6B | $2.9B |
| Gross profit | $2.1B | $1.9B | $1.3B | $69.9M | $730.0M |
| Operating income | $1.6B | $1.4B | $857.3M | -$27.2M | $586.8M |
| Net income | $1.5B | $1.3B | $830.8M | -$44.2M | $468.7M |
| Research & development | $233.4M | $191.4M | $152.3M | $112.8M | $99.1M |
| Total assets | $13.3B | $12.1B | $10.4B | $8.3B | $7.4B |
| Stockholders' equity | $9.5B | $8.0B | $6.7B | $5.8B | $6.0B |
| Cash & equivalents | $2.8B | $1.6B | $1.9B | $1.5B | $1.5B |
Fiscal-year labels follow the calendar year in which each fiscal year ends. Margins and growth are calculated by RoxMag from the reported figures.
Recent SEC filings
Sources & method
Company identity, address, filings, financial figures, share counts and public float come from the company's own filings with the U.S. Securities and Exchange Commission (EDGAR). Website, founding year, chief executive and employee count come from Wikidata where available; the overview excerpt is from Wikipedia. Fields without a public source are left blank. RoxMag does not estimate figures. This page is general information, not investment advice — see our disclaimer and editorial policy.