United States was First Solar’s largest region in fiscal 2025, bringing in $4.99B of $5.22B (96%).
| Geography | FY 2008 | FY 2009 | FY 2010 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $2.19B | $3.19B | $3.90B | $4.99B | |||||||||||||
| Germany | — | — | — | — | |||||||||||||
| Canada | — | — | — | — | |||||||||||||
| Japan | — | — | — | — | |||||||||||||
| India | $37.22M | $10.87M | $201.71M | $195.58M | |||||||||||||
| All Other Foreign Countries | $147.55M | $51.83M | $65.36M | $22.81M | |||||||||||||
| Jordan | — | — | — | — | |||||||||||||
| France | $67.66M | $68.30M | $34.37M | $6.30M | |||||||||||||
| Australia | — | — | — | — | |||||||||||||
| Turkey | — | — | — | — | |||||||||||||
| Spain | — | — | — | — | |||||||||||||
| Chile | $173.28M | — | — | — | |||||||||||||
| United Arab Emirates | — | — | — | — | |||||||||||||
| Total | $2.62B | $3.32B | $4.21B | $5.22B |
First Solar brought in $5.22B from its four regions in fiscal 2025, the year ended December 31, 2025. That was up 24.1% from $4.21B in fiscal 2024. United States was the largest at $4.99B (95.7%), ahead of India at $195.58M (3.7%) and All Other Foreign Countries at $22.81M (0.4%). The remaining region, France, brought in $6.30M.
Compared with fiscal 2024, United States grew 27.9% to $4.99B, while India fell 3.0% to $195.58M.
First Solar stopped reporting Chile as a separate region after fiscal 2022, when it brought in $173.28M.
Solar Modules was First Solar’s largest product and service line in fiscal 2021, bringing in $2.33B of $2.92B (80%).
| Product and Service | FY 2008 | FY 2009 | FY 2010 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Solar Power Systems | $1.24B | $1.15B | $794.80M | $513.36M | |||||||||
| Solar Power Systems, Sales Of | — | — | — | — | |||||||||
| Solar Power System | — | — | — | — | |||||||||
| Solar Modules | $502.00M | $1.46B | $1.74B | $2.33B | |||||||||
| Solar Module Revenue | — | — | — | — | |||||||||
| Solar Module | — | — | — | — | |||||||||
| Epc Services | $347.56M | $291.90M | $2.94M | -$2.04M | |||||||||
| Om Services | $103.19M | $107.71M | $115.59M | $43.06M | |||||||||
| Operations & Maintenance | — | — | — | — | |||||||||
| O&Amp;M Services | — | — | — | — | |||||||||
| Module Plus | — | — | — | — | |||||||||
| Energy Generation | $47.12M | $54.54M | $61.95M | $37.61M | |||||||||
| Total | $2.24B | $3.06B | $2.71B | $2.92B |
First Solar brought in $2.92B from its five product and service lines in fiscal 2021, the year ended December 31, 2021. That was up 7.8% from $2.71B in fiscal 2020. Solar Modules was the largest at $2.33B (79.7%), ahead of Solar Power Systems at $513.36M (17.6%) and Om Services at $43.06M (1.5%). The remaining line, Energy Generation, brought in $37.61M.
Compared with fiscal 2020, Solar Modules grew 34.3% to $2.33B, while Solar Power Systems fell 35.4% to $513.36M. From fiscal 2018 to 2021, combined revenue from these lines grew from $2.24B to $2.92B, a compound annual growth rate of 9.2%. Solar Modules' share of the total rose from 22.4% to 79.7%.
The total is net of Epc Services, which took $2.04M off revenue in fiscal 2021.
Components was First Solar’s largest segment in fiscal 2008, bringing in $1.20B of $1.25B (96%).
| Segment Reporting Information, by Segment | FY 2008 |
|---|---|
| Components | $1.20B |
| Systems | $50.50M |
| Total | $1.25B |
First Solar brought in $1.25B from its two segments in fiscal 2008, the year ended December 27, 2008. Components was the largest at $1.20B (95.9%), ahead of Systems at $50.50M (4.1%).
First Solar (FSLR) reports its revenue by geography, by product and service and by segment reporting information, by segment. In fiscal 2025, United States was its largest region, bringing in $4.99B (95.7% of the total), followed by India at $195.58M (3.7%).
United States was First Solar's largest region in fiscal 2025, bringing in $4.99B, or 95.7% of the $5.22B total across its four regions.
Solar Modules was First Solar's largest product and service line in fiscal 2021, bringing in $2.33B, or 79.7% of the $2.92B total across its five product and service lines.
Components was First Solar's largest segment in fiscal 2008, bringing in $1.20B, or 95.9% of the $1.25B total across its two segments.
United States grew faster than India in fiscal 2025, up 27.9% from $3.90B to $4.99B. India fell 3.0% to $195.58M.
Every figure comes from First Solar's annual financial filings, as reported. Each line keeps the name First Solar gives it, and years follow its fiscal calendar.
First Solar's revenue by geography goes back to fiscal 2008, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.