First Solar ( (FSLR) ) has released its Q3 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, offering a high-performance alternative to conventional solar modules.
In its third-quarter 2025 financial results, First Solar reported net sales of $1.6 billion, reflecting a significant increase from the previous quarter driven by higher module sales volume. The company also achieved a net income per diluted share of $4.24, showcasing its robust financial performance.
Key financial highlights include a gross cash balance of $2.0 billion and a net cash balance of $1.5 billion, indicating strong liquidity. The company secured 2.7 GW of gross bookings since the last earnings call, with a contracted sales backlog of 53.7 GW valued at $16.4 billion. First Solar’s updated 2025 guidance projects net sales between $4.95 billion and $5.20 billion, with earnings per diluted share expected to range from $14.00 to $15.00.
Looking ahead, First Solar remains focused on balancing growth, liquidity, and profitability, as it navigates industry challenges and leverages its unique market position. The company’s strategic initiatives, including the commissioning of its fifth U.S. manufacturing facility, aim to reinforce its leadership in the evolving solar technology landscape.