First Solar (FSLR) EBITDA (2009 - 2026)
First Solar's (FSLR) quarterly EBITDA came in at $450.4 million in Q2 2026, up 24.55% YoY from $361.6 million in Q2 2025, and up 30.43% on a QoQ basis from $345.3 million in Q1 2026.
First Solar (FSLR) EBITDA (2009 - 2026) Analysis & Trends
First Solar (FSLR) has 18 years of EBITDA data on file, last reported at $450.4 million in Q2 2026.
- Quarterly EBITDA rose 24.55% year-over-year to $450.4 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $1.8 billion (up 32.91% YoY) and the FY2025 annual result came in at $1.6 billion, up 14.52% from the prior year.
- EBITDA advanced to $450.4 million in Q2 2026, from $345.3 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $547.9 million in Q4 2025 to a low of -$68.4 million in Q3 2022.
- A 5-year average of $256.5 million and a median of $297.5 million in 2023 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2022 — EBITDA slumped 234.38% — and 2024, when it soared 1250.63%.
- Tracing FSLR's EBITDA over 5 years: stood at -$45.9 million in 2022, then soared by 966.52% to $397.8 million in 2023, then grew by 14.83% to $456.8 million in 2024, then climbed by 19.96% to $547.9 million in 2025, then decreased by 17.8% to $450.4 million in 2026.
- The last three EBITDA figures came in at $450.4 million (Q2 2026), $345.3 million (Q1 2026), and $547.9 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 450.39 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 190.91 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 51.52 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 34.79 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -16.05 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 21.42 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | -64.06 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -84.91 Mn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 37.47 Mn |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 36.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 450.39 Mn |
| Mar 31, 2026 | 345.30 Mn |
| Dec 31, 2025 | 547.92 Mn |
| Sep 30, 2025 | 466.10 Mn |
| Jun 30, 2025 | 361.61 Mn |
| Mar 31, 2025 | 221.24 Mn |
| Dec 31, 2024 | 456.77 Mn |
| Sep 30, 2024 | 322.00 Mn |
| Jun 30, 2024 | 372.51 Mn |
| Mar 31, 2024 | 243.14 Mn |
| Dec 31, 2023 | 397.78 Mn |
| Sep 30, 2023 | 272.97 Mn |
| Jun 30, 2023 | 168.52 Mn |
| Mar 31, 2023 | 18.00 Mn |
| Dec 31, 2022 | -45.91 Mn |
| Sep 30, 2022 | -68.35 Mn |
| Jun 30, 2022 | 144.83 Mn |
| Mar 31, 2022 | -57.80 Mn |
| Dec 31, 2021 | 173.16 Mn |
| Sep 30, 2021 | 50.87 Mn |