First Solar (FSLR) Net Income (2009 - 2026)
First Solar (FSLR) recorded Net Income of $571.06 million in Q3 2026, up 25.2% from $455.94 million a year earlier and up 35.1% from the prior quarter.
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Analysis
First Solar (FSLR) Net Income (2009 - 2026) Analysis & Trends
On a TTM basis, First Solar's Net Income came in at $1.86 billion as of Sep 30, 2026, up 32.9% year-over-year; for FY2025, it came in at $1.53 billion, up 18.3% from FY2024.
- Annual Net Income has a five-year compound annual growth rate of 30.9% (FY2020 to FY2025).
- Across earlier years, Net Income came in at $1.29 billion in FY2024 (+55.5%), $830.78 million in FY2023, -$44.17 million in FY2022 and $468.69 million in FY2021 (+17.7%).
- The Q3 2026 figure is the highest quarterly Net Income in data going back to Q1 2009.
- On a year-over-year basis, Net Income has increased for five consecutive quarters, with growth averaging 23.9% over the last eight quarters.
- Peak year-over-year performance for Net Income in the last five years was growth of 455.9% in Q1 2024, against a decline of 32.3% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $422.57 million (Q2 2026), $346.62 million (Q1 2026) and $520.88 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 210.90 Bn | 163.15 Bn | 3.11 Bn | 1.29 Bn |
| 2 | Bloom Energy | 54.82 Bn | 44.75 Bn | 417.10 Mn | 248.98 Mn |
| 3 | First Solar | 19.45 Bn | 10.82 Bn | 713.06 Mn | 571.06 Mn |
| 4 | Nextpower | 15.04 Bn | 10.75 Bn | 345.32 Mn | 165.45 Mn |
| 5 | BWX Technologies | 11.61 Bn | 9.39 Bn | 227.14 Mn | 101.98 Mn |
| 6 | Generac Holdings | 10.72 Bn | 9.45 Bn | 516.04 Mn | 108.95 Mn |
| 7 | Innio | 10.33 Bn | 6.57 Bn | 367.70 Mn | 111.00 Mn |
| 8 | EnerSys | 5.50 Bn | 3.69 Bn | 313.36 Mn | 116.45 Mn |
| 9 | Mirion Technologies | 4.67 Bn | 3.08 Bn | 131.50 Mn | 7.80 Mn |
| 10 | X-Energy | 4.46 Bn | 3.10 Bn | -32.06 Mn | -105.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 571.06 Mn |
| Jun 30, 2026 | 422.57 Mn |
| Mar 31, 2026 | 346.62 Mn |
| Dec 31, 2025 | 520.88 Mn |
| Sep 30, 2025 | 455.94 Mn |
| Jun 30, 2025 | 341.87 Mn |
| Mar 31, 2025 | 209.54 Mn |
| Dec 31, 2024 | 393.12 Mn |
| Sep 30, 2024 | 312.96 Mn |
| Jun 30, 2024 | 349.36 Mn |
| Mar 31, 2024 | 236.62 Mn |
| Dec 31, 2023 | 349.24 Mn |
| Sep 30, 2023 | 268.40 Mn |
| Jun 30, 2023 | 170.58 Mn |
| Mar 31, 2023 | 42.56 Mn |
| Dec 31, 2022 | -7.55 Mn |
| Sep 30, 2022 | -49.17 Mn |
| Jun 30, 2022 | 55.81 Mn |
| Mar 31, 2022 | -43.26 Mn |
| Dec 31, 2021 | 131.37 Mn |
API Access
First Solar Net Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-income&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "ticker": "FSLR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-income&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();