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First SolarFSLR

Semiconductors · Tempe, Arizona · In the S&P 500
Solid businessCheaper than peers
$174.40−1.41%After hours: $174.69 (+0.17%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 27.8% over 1 year
First Solar over 1 yearDaily close, $, to 30 Oct 2026
$200$250$300Nov2026MarMayJulSep$174.40$200$300NovMarJul$174.40
Source: Nasdaq daily closes
Market value$18.74B
Price to earnings10.1x
Forward P/E8.2x
Dividend yield–
Year to date−33.2%
One year−27.8%
Next earningsNot scheduled
SectorInformation Technology
52-week range (closes)
$168.15$318.25

Quality and valuation

How First Solar compares with other information technology stocks. A description, not a recommendation.

First Solar and 6 semiconductors peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: cheaper than most

An average business among information technology companies, priced below most of them.

First Solar trades at 8.2 times the next 12 months of expected earnings, against a median of 22.2x for the 99 information technology stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: −0.7% vs +20.6%
  • Keeps less of each sale (gross margin): 49.3% vs 61.5%
  • More profitable (operating margin): 37.7% vs 17.0%
  • Turns less of its sales into cash: 4.6% vs 21.7%
FSLR trades at 8.2x forward earnings, below the sector medianForward p/e, Semiconductors peers
MU5.0xFSLR8.2xNVDA16.9xAVGO18.8xTSM19.8xTXN28.7xINTC38.4xAMD44.8xSector median 22.2xMU5.0xFSLR8.2xNVDA16.9xAVGO18.8xTSM19.8xTXN28.7xINTC38.4xAMD44.8xSector median 22.2x
Source: CNBC quotes; Mostly Markets
At 10.1x earnings, FSLR is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
15x20xAverage 15.3x2025202610.1x15x20xAverage 15.3x2025202610.1x
Source: Nasdaq prices; SEC filings

Financials

From First Solar's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue fell 22.8% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0.0bn$0.5bn$1.0bn$1.5bnQ4 ’24Q2 ’25Q4 ’25$1.2bnQ3 ’26$0bn$1bnQ4 ’24Q2 ’25Q4 ’25$1.2bnQ3 ’26
Source: SEC filings
Growth slowed to −22.8% last quarterRevenue growth, year on year, %
0%50%Q4 ’24Q2 ’25Q4 ’25−22.8%Q3 ’260%50%Q4 ’24Q2 ’25Q4 ’25−22.8%Q3 ’26
Source: SEC filings
Operating margin was 44.4% last quarterOperating income as a share of revenue, %
0%20%40%Q4 ’24Q2 ’25Q4 ’2544.4%Q3 ’260%20%40%Q4 ’24Q2 ’25Q4 ’2544.4%Q3 ’26
Source: SEC filings
Free cash flow was $233 million over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
−$0.5bn$0.0bn$0.5bn$1.0bnQ4 ’24Q2 ’25Q4 ’25−$0.2bnQ3 ’26$0bn$1bnQ4 ’24Q2 ’25Q4 ’25−$0.2bnQ3 ’26
Source: SEC filings
Last 12 monthsFSLRSector median
Revenue growth−0.7%+20.6%
Gross margin49.3%61.5%
Operating margin37.7%17.0%
Free cash flow margin4.6%21.7%
Price to earnings10.1x33.1x

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Similar companies

Semiconductors, by market value.

CompanyPriceTodayYTDValue
NVDANvidia$204.64−4.22%+9.7%$4.93T
TSMTaiwan Semiconductor$406.13−5.95%+33.6%$2.11T
AVGOBroadcom$326.08−5.48%−5.8%$1.56T
MUMicron Technology$884.74−5.30%+210.0%$1.00T
AMDAMD$504.80−10.88%+135.7%$824B
INTCIntel$65.76−28.58%+78.2%$348B
TXNTexas Instruments$300.84−3.40%+73.4%$275B
ARMArm Holdings$205.97−9.97%+88.4%$220B