First Solar, Inc. announced robust financial results for the second quarter ended June 30, 2025, reporting net sales of $1.1 billion. This figure represents a significant increase of $0.3 billion from the prior quarter and an 8.6% rise year-over-year, primarily driven by an increase in the volume of modules sold to third parties.
The company's diluted earnings per share for Q2 2025 reached $3.18, surpassing the prior forecast of $2.00 to $3.00 and significantly higher than $1.95 in Q1 2025. Cash, cash equivalents, and marketable securities, less debt, increased to $0.6 billion at the end of the second quarter, primarily due to proceeds from the sale of Section 45X tax credits.
First Solar also updated its full-year 2025 guidance, raising its net sales projection to between $4.9 billion and $5.7 billion, up from the previous range of $4.5 billion to $5.5 billion. Diluted EPS guidance was adjusted to $13.50 to $16.50, from the earlier $12.50 to $17.50, reflecting increased sales expectations and a positive outlook on policy impact.
CEO Mark Widmar stated that recent policy and trade developments have, on balance, strengthened First Solar’s relative position in the solar manufacturing industry. The company anticipates Q3 2025 module sales to be between 5.0 GW and 6.0 GW, with Section 45X tax credits forecast between $390 million and $425 million, leading to projected diluted EPS between $3.30 and $4.70.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.