First Solar ( (FSLR) ) has released its Q2 earnings. Here is a breakdown of the information First Solar presented to its investors.
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First Solar, Inc., a leading American photovoltaic solar technology and manufacturing company, specializes in advanced thin film PV technology, providing a high-performance alternative to conventional solar modules.
In its second quarter of 2025, First Solar reported net sales of $1.1 billion, marking a $0.3 billion increase from the previous quarter, primarily driven by higher module sales. The company also achieved a net income per diluted share of $3.18, up from $1.95 in the first quarter, and maintained a net cash balance of $0.6 billion.
Key financial highlights include a sales backlog of 64.0 GW extending through 2030 and a significant booking of 2.1 GW in July 2025. The company updated its 2025 guidance, projecting net sales between $4.9 billion and $5.7 billion, and earnings per diluted share between $13.50 and $16.50. The net cash balance is expected to rise significantly by the year’s end.
Looking ahead, First Solar’s management remains optimistic about its strategic position in the solar manufacturing industry, bolstered by favorable policy and trade developments. The company continues to focus on utility-scale solar generation, leveraging its cost-competitive energy solutions and robust sales pipeline to drive future growth.