First Solar (FSLR) Revenue & Revenue Breakdown

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First Solar Revenue Highlights

Latest Revenue (Y)

$3.32B

Latest Revenue (Q)

$887.67M

Main Segment (Y)

Solar Module

Main Geography (Y)

UNITED STATES

First Solar Revenue by Period

First Solar Revenue by Year

Date	Revenue	Change
2023-12-31	$3.32B	26.70%
2022-12-31	$2.62B	-10.40%
2021-12-31	$2.92B	7.82%
2020-12-31	$2.71B	-11.48%
2019-12-31	$3.06B	36.50%
2018-12-31	$2.24B	-23.71%
2017-12-31	$2.94B	-0.34%
2016-12-31	$2.95B	-17.54%
2015-12-31	$3.58B	5.52%
2014-12-31	$3.39B	2.50%
2013-12-31	$3.31B	-1.77%
2012-12-31	$3.37B	21.77%
2011-12-31	$2.77B	7.91%
2010-12-31	$2.56B	24.07%
2009-12-26	$2.07B	65.79%
2008-12-27	$1.25B	147.29%
2007-12-29	$503.98M	273.39%
2006-12-30	$134.97M	180.83%
2005-12-31	$48.06M	255.44%
2004-12-31	$13.52M	321.25%
2003-12-31	$3.21M	555.10%
2002-12-31	$490.00K	100.00%
2001-12-31	-	-

First Solar generated $3.32B in revenue during NA 2023, up 26.70% compared to the previous quarter, and up 147.88% compared to the same period a year ago.

First Solar Revenue by Quarter

Date	Revenue	Change
2024-09-30	$887.67M	-12.15%
2024-06-30	$1.01B	27.25%
2024-03-31	$794.11M	-31.46%
2023-12-31	$1.16B	44.62%
2023-09-30	$801.09M	-1.18%
2023-06-30	$810.67M	47.86%
2023-03-31	$548.29M	-45.30%
2022-12-31	$1.00B	59.38%
2022-09-30	$628.93M	1.28%
2022-06-30	$620.96M	69.18%
2022-03-31	$367.04M	-59.55%
2021-12-31	$907.32M	55.49%
2021-09-30	$583.50M	-7.26%
2021-06-30	$629.18M	-21.68%
2021-03-31	$803.37M	31.87%
2020-12-31	$609.23M	-34.32%
2020-09-30	$927.57M	44.39%
2020-06-30	$642.41M	20.73%
2020-03-31	$532.12M	-61.97%
2019-12-31	$1.40B	155.92%
2019-09-30	$546.81M	-6.52%
2019-06-30	$584.96M	9.96%
2019-03-31	$531.98M	-23.04%
2018-12-31	$691.24M	2.22%
2018-09-30	$676.22M	118.62%
2018-06-30	$309.32M	-45.47%
2018-03-31	$567.26M	67.25%
2017-12-31	$339.18M	-68.80%
2017-09-30	$1.09B	74.39%
2017-06-30	$623.33M	-30.10%
2017-03-31	$891.79M	85.62%
2016-12-31	$480.43M	-30.17%
2016-09-30	$688.03M	-26.37%
2016-06-30	$934.38M	10.12%
2016-03-31	$848.48M	-9.96%
2015-12-31	$942.32M	-25.87%
2015-09-30	$1.27B	41.85%
2015-06-30	$896.22M	91.01%
2015-03-31	$469.21M	-53.45%
2014-12-31	$1.01B	13.35%
2014-09-30	$889.31M	63.37%
2014-06-30	$544.35M	-42.71%
2014-03-31	$950.16M	23.65%
2013-12-31	$768.44M	-39.28%
2013-09-30	$1.27B	143.49%
2013-06-30	$519.76M	-31.18%
2013-03-31	$755.21M	-29.75%
2012-12-31	$1.08B	28.11%
2012-09-30	$839.15M	-12.35%
2012-06-30	$957.33M	92.60%
2012-03-31	$497.06M	-24.73%
2011-12-31	$660.35M	-34.34%
2011-09-30	$1.01B	88.78%
2011-06-30	$532.77M	-6.08%
2011-03-31	$567.29M	-6.97%
2010-12-31	$609.80M	-23.57%
2010-09-25	$797.90M	35.73%
2010-06-26	$587.85M	3.50%
2010-03-27	$567.96M	-11.43%
2009-12-26	$641.26M	33.36%
2009-10-29	$480.85M	-8.56%
2009-06-30	$525.88M	25.75%
2009-04-30	$418.21M	-3.56%
2008-12-27	$433.65M	24.36%
2008-09-27	$348.69M	30.58%
2008-06-28	$267.04M	35.61%
2008-03-29	$196.91M	-1.93%
2007-12-29	$200.80M	-

First Solar generated $887.67M in revenue during Q3 2024, up -12.15% compared to the previous quarter, and up 109.50% compared to the same period a year ago.

First Solar Revenue Breakdown

First Solar Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Solar Module	$23.30B	$2.43B	$5.90B	$1.74B	$1.46B
EPC Services	-	-	$2.94M	$291.90M	-
Energy Generation	$-19.00K	$25.76M	$61.95M	$54.54M	-
Operations and Maintenance	$1.86M	$11.99M	$115.59M	$107.70M	-
Solar Power Systems, Sales of	$19.95M	$153.29M	$794.80M	$1.15B	-
Solar Power System	$19.95M	-	-	-	-
Module Plus	-	-	-	-	-

First Solar's latest annual revenue breakdown by segment (product or service), as of Dec 23: Solar Module (99.82%), Solar Power Systems, Sales of (0.09%), Solar Power System (0.09%), Operations and Maintenance (0.01%), and Energy Generation (-0.00%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Solar Module	$21.70B	$22.30B	$23.40B	$300.00M	$23.00B	$802.24M	$536.59M	$846.03M	$619.92M	$607.45M	$354.88M	$690.94M	$4.60B	$4.40B	$4.10B	$548.38M	$422.48M	$371.52M	$393.68M	$661.37M
Energy Generation	-	-	-	-	$-1.00K	$-1.00K	$-17.00K	$5.07M	$5.44M	$8.96M	$6.29M	$7.06M	$14.34M	$22.58M	$17.97M	$14.05M	-	-	-	-
Solar Power Systems, Sales of	-	-	-	$477.00K	$217.00K	$8.00M	$11.26M	$150.86M	$90.00K	$374.00K	$1.97M	$18.07M	$471.17M	$215.47M	$90.08M	$694.01M	-	-	-	-
Operations and Maintenance	-	-	-	$487.00K	$481.00K	$441.00K	$452.00K	$437.00K	$3.48M	$4.18M	$3.90M	$26.35M	$28.06M	$31.70M	$29.48M	$25.31M	-	-	-	-
EPC Services	-	-	-	-	-	-	-	-	-	-	-	$9.36M	$-8.48M	$1.14M	$919.00K	$4.63M	-	-	-	-

First Solar's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Solar Module (100.00%).

First Solar Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Other	$21.79M	-	-	-	-
FRANCE	$68.30M	$67.66M	$121.54M	$127.10M	$88.82M
CHILE	$9.00K	$173.28M	-	-	-
UNITED STATES	$3.19B	$2.19B	$2.46B	$1.84B	$2.66B
JAPAN	$6.95M	$46.43M	$207.61M	$469.66M	$34.23M
INDIA	-	$37.22M	$37.65M	$33.85M	$7.45M
All other foreign countries	-	$101.04M	$82.88M	$97.64M	$133.92M
CANADA	-	$82.00K	$5.29M	$118.86M	-
AUSTRALIA	-	-	$11.81M	$20.79M	$138.33M
TURKEY	-	-	-	-	$426.00K

First Solar's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (97.05%), FRANCE (2.08%), Other (0.66%), JAPAN (0.21%), and CHILE (0.00%).

Quarterly Revenue by Country

Country	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Sep 22	Jun 22	Mar 22	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18
Other	$674.00K	$964.00K	$697.00K	$8.44M	$11.70M	$9.01M	$13.51M	$12.16M	-	-	-	-	-	-	-	-	-	-	-	-
Systems Segment	-	-	-	-	-	-	-	-	$20.69M	$86.22M	$268.70M	$60.85M	$505.08M	$270.89M	$138.44M	$738.00M	$175.62M	$356.21M	$333.16M	$575.69M

First Solar's latest quarterly revenue breakdown by geography, as of Mar 24: Other (100.00%).

First Solar Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
JKS	JinkoSolar	$118.68B	$23.04B
CSIQ	Canadian Solar	$7.61B	$1.33B
FSLR	First Solar	$3.32B	$887.67M
SEDG	SolarEdge	$2.98B	$265.40M
ENPH	Enphase Energy	$2.29B	$380.87M
RUN	Sunrun	$2.26B	$537.17M
MAXN	Maxeon Solar	$1.12B	$187.46M
NOVA	Sunnova Energy	$720.65M	$235.29M

FSLR Revenue FAQ

What is First Solar’s yearly revenue?

First Solar's yearly revenue for 2023 was $3.32B, representing an increase of 26.70% compared to 2022. The company's yearly revenue for 2022 was $2.62B, representing a decrease of -10.40% compared to 2021. FSLR's yearly revenue for 2021 was $2.92B, representing an increase of 7.82% compared to 2020.

What is First Solar’s quarterly revenue?

First Solar's quarterly revenue for Q3 2024 was $887.67M, a -12.15% decrease from the previous quarter (Q2 2024), and a 10.81% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.01B, a 27.25% increase from the previous quarter (Q1 2024), and a 24.65% increase year-over-year (Q2 2023). FSLR's quarterly revenue for Q1 2024 was $794.11M, a -31.46% decrease from the previous quarter (Q4 2023), and a 44.83% increase year-over-year (Q1 2023).

What is First Solar’s revenue growth rate?

First Solar's revenue growth rate for the last 3 years (2021-2023) was 13.52%, and for the last 5 years (2019-2023) was 8.34%.

What are First Solar’s revenue streams?

First Solar's revenue streams in c 23 are Solar Module, Energy Generation, Operations and Maintenance, Solar Power Systems, Sales of, and Solar Power System. Solar Module generated $23.3B in revenue, accounting 99.82% of the company's total revenue, up 859.53% year-over-year. Energy Generation generated $-19K in revenue, accounting -0.00% of the company's total revenue, down -100.07% year-over-year. Operations and Maintenance generated $1.86M in revenue, accounting 0.01% of the company's total revenue, down -84.49% year-over-year. Solar Power Systems, Sales of generated $19.95M in revenue, accounting 0.09% of the company's total revenue, down -86.98% year-over-year. Solar Power System generated $19.95M in revenue, accounting 0.09% of the company's total revenue

What is First Solar’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of First Solar was Solar Module. This segment made a revenue of $23.3B, representing 99.82% of the company's total revenue.