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First Solar Beats Q2 Earnings Estimates, Raises '25 Sales Guidance
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Key Takeaways
FSLR posted Q2 EPS of $3.18, beating estimates but down 2.2% year over year due to higher operating costs.
Q2 sales rose 8.6% to $1.10 billion, surpassing expectations by 6.6%.
FSLR raised 2025 revenue and shipment guidance while narrowing its EPS and profit forecast ranges.
First Solar, Inc. ((FSLR - Free Report) ) reported second-quarter 2025 earnings of $3.18 per share, which were down 2.2% from the prior-year quarter’s figure of $3.25. The bottom line, however, surpassed the Zacks Consensus Estimate of $2.68 per share by 18.7%.
The year-over-year decline in the bottom line can be attributed to higher operating expenses incurred in the second quarter of 2025 compared with the prior-year quarter.
FSLR’s Sales Update
First Solar’s second-quarter net sales were $1.10 billion, which beat the Zacks Consensus Estimate of $1.03 billion by 6.6%. The top line also improved 8.6% from the year-ago quarter’s $1.01 billion, driven by an increase in the volume of modules sold to third parties.
First Solar, Inc. Price, Consensus and EPS Surprise
In the second quarter, the company’s gross profit was $499.9 million, which rose 0.2% from $498.9 million in the year-ago quarter.
Total operating expenses rose 9.4% year over year to $138.2 million.
FSLR reported an operating income of $361.6 million compared with $372.5 million in the year-ago quarter.
Financial Performance of First Solar
First Solar had $1.12 billion in cash and cash equivalents as of June 30, 2025, down from $1.62 billion as of Dec. 31, 2024.
The long-term debt totaled $328 million as of the same date compared with $373.4 million as of Dec. 31, 2024.
The net cash used in operating activities amounted to $458.4 million during the first six months of 2025 against cash generated from operating activities of $460.7 million during the first six months of 2024.
First Solar’s 2025 Guidance
First Solar has updated its 2025 guidance. FSLR now expects to generate earnings in the range of $13.50-$16.50 per share, narrower than the earlier guided range of $12.50-$17.50. The Zacks Consensus Estimate for earnings is pegged at $14.81 per share, which lies below the mid-point of the company’s newly guided range.
FSLR now expects to record sales in the range of $4.90-$5.70 billion, higher than its earlier guided range of $4.50-$5.50 billion. The Zacks Consensus Estimate for sales is pegged at $4.98 billion, which lies below the midpoint of the company’s updated guidance.
First Solar now expects gross profit to be in the band of $2.05-$2.35 billion, narrower than the previous guided range of $1.96-$2.47 billion. Its operating income is now anticipated to be in the $1.53-$1.87 billion range compared with the earlier guidance of $1.45-$2.00 billion.
The company currently expects module shipments to be in the band of 16.7-19.3 gigawatts (GW) compared with the prior guidance of 15.5-19.3 GW.
Enphase Energy, Inc. ((ENPH - Free Report) ) reported second-quarter 2025 adjusted earnings of 69 cents per share, which increased 60.5% from 43 cents reported in the prior-year quarter. The bottom line also surpassed the Zacks Consensus Estimate of 62 cents by 11.3%.
Enphase Energy’s second-quarter revenues of $363.2 million surpassed the Zacks Consensus Estimate of $357 million by 1.9%. The top line also increased 19.7% from the prior-year quarter’s reported figure of $303.5 million.
Upcoming Solar Releases
SolarEdge Technologies ((SEDG - Free Report) ) is scheduled to report its second-quarter 2025 results on Aug. 7, before market open.
The Zacks Consensus Estimate for sales is pegged at $273.7 million, which indicates a 3.1% improvement from the year-ago quarter’s figure. The consensus estimate for loss is pinned at 82 cents per share.
Canadian Solar ((CSIQ - Free Report) ) is scheduled to report its second-quarter 2025 results on Aug. 21, before market open.
The Zacks Consensus Estimate for sales is pegged at $1.92 billion, which indicates a 17.3% improvement from the year-ago quarter’s figure. The consensus estimate for earnings is pinned at $1.14 per share, which indicates massive year-over-year growth of 5600%.
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First Solar Beats Q2 Earnings Estimates, Raises '25 Sales Guidance
Key Takeaways
First Solar, Inc. ((FSLR - Free Report) ) reported second-quarter 2025 earnings of $3.18 per share, which were down 2.2% from the prior-year quarter’s figure of $3.25. The bottom line, however, surpassed the Zacks Consensus Estimate of $2.68 per share by 18.7%.
The year-over-year decline in the bottom line can be attributed to higher operating expenses incurred in the second quarter of 2025 compared with the prior-year quarter.
FSLR’s Sales Update
First Solar’s second-quarter net sales were $1.10 billion, which beat the Zacks Consensus Estimate of $1.03 billion by 6.6%. The top line also improved 8.6% from the year-ago quarter’s $1.01 billion, driven by an increase in the volume of modules sold to third parties.
First Solar, Inc. Price, Consensus and EPS Surprise
First Solar, Inc. price-consensus-eps-surprise-chart | First Solar, Inc. Quote
Operational Highlights of FSLR
In the second quarter, the company’s gross profit was $499.9 million, which rose 0.2% from $498.9 million in the year-ago quarter.
Total operating expenses rose 9.4% year over year to $138.2 million.
FSLR reported an operating income of $361.6 million compared with $372.5 million in the year-ago quarter.
Financial Performance of First Solar
First Solar had $1.12 billion in cash and cash equivalents as of June 30, 2025, down from $1.62 billion as of Dec. 31, 2024.
The long-term debt totaled $328 million as of the same date compared with $373.4 million as of Dec. 31, 2024.
The net cash used in operating activities amounted to $458.4 million during the first six months of 2025 against cash generated from operating activities of $460.7 million during the first six months of 2024.
First Solar’s 2025 Guidance
First Solar has updated its 2025 guidance. FSLR now expects to generate earnings in the range of $13.50-$16.50 per share, narrower than the earlier guided range of $12.50-$17.50. The Zacks Consensus Estimate for earnings is pegged at $14.81 per share, which lies below the mid-point of the company’s newly guided range.
FSLR now expects to record sales in the range of $4.90-$5.70 billion, higher than its earlier guided range of $4.50-$5.50 billion. The Zacks Consensus Estimate for sales is pegged at $4.98 billion, which lies below the midpoint of the company’s updated guidance.
First Solar now expects gross profit to be in the band of $2.05-$2.35 billion, narrower than the previous guided range of $1.96-$2.47 billion. Its operating income is now anticipated to be in the $1.53-$1.87 billion range compared with the earlier guidance of $1.45-$2.00 billion.
The company currently expects module shipments to be in the band of 16.7-19.3 gigawatts (GW) compared with the prior guidance of 15.5-19.3 GW.
FSLR’s Zacks Rank
First Solar currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A Recent Solar Release
Enphase Energy, Inc. ((ENPH - Free Report) ) reported second-quarter 2025 adjusted earnings of 69 cents per share, which increased 60.5% from 43 cents reported in the prior-year quarter. The bottom line also surpassed the Zacks Consensus Estimate of 62 cents by 11.3%.
Enphase Energy’s second-quarter revenues of $363.2 million surpassed the Zacks Consensus Estimate of $357 million by 1.9%. The top line also increased 19.7% from the prior-year quarter’s reported figure of $303.5 million.
Upcoming Solar Releases
SolarEdge Technologies ((SEDG - Free Report) ) is scheduled to report its second-quarter 2025 results on Aug. 7, before market open.
The Zacks Consensus Estimate for sales is pegged at $273.7 million, which indicates a 3.1% improvement from the year-ago quarter’s figure. The consensus estimate for loss is pinned at 82 cents per share.
Canadian Solar ((CSIQ - Free Report) ) is scheduled to report its second-quarter 2025 results on Aug. 21, before market open.
The Zacks Consensus Estimate for sales is pegged at $1.92 billion, which indicates a 17.3% improvement from the year-ago quarter’s figure. The consensus estimate for earnings is pinned at $1.14 per share, which indicates massive year-over-year growth of 5600%.