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FSLR FIRST SOLAR, INC.

Trailing twelve months to 2026-06-30 · as filed 2026-07-30, not restated
Technology

Scale

Market cap
$22.7bn
Revenue TTM
$5.4bn
Net income TTM
$1.7bn
Free cash flow
$1.5bn
Composite score
76.5
Sector rank
#423

Valuation

P / E
13.0
EV / EBITDA
8.8
EV / sales
3.9
FCF yield
6.61%
Earnings yield vs 10-yr
2.97pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
32.5%
EBITDA margin
44.3%
ROE
16.9%
ROIC
21.0%
Revenue growth
23.8%

Insider activity, last 90 days

Net open-market
$-7.29m
Buyers
0
Sellers
6

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Certain of our financial results and other key operational developments for the three months ended June 30, 2026 include the following: • Net sales for the three months ended June 30, 2026 decreased by 3.7% to $1.1 billion compared to the same period in 2025. The decrease was primarily due to lower revenue associated with customer contract terminations, partially offset by a 5.3% increase in the volume of modules sold to third parties. • Gross profit as a percentage of net sales for the three months ended June 30, 2026 increased 11.7 percentage points to 57.3% from 45.6% for the same period in 2025. …FIRST SOLAR, INC., 10-Q, period ended 2026-06-30, filed 2026-07-30

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