FSLR Q2 2023 Earnings — First Solar, Inc. Revenue & Financial Results | Market Cap Arena

FSLRFirst Solar, Inc.

$21B

Q2 2023 Earnings

Income Statement

Revenue

$811M+30.6% YoY

Gross Profit

$310M38.3% margin

Operating Income

$169M20.8% margin

Net Income

$171M21.0% margin

EPS (Diluted)

$1.59

QoQ Revenue Growth

+47.9%

Cash Flow

Operating Cash Flow

-$90M

Free Cash Flow

-$472M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$9.0B

Total Liabilities

$3.0B

Stockholders' Equity

$6.0B

Cash & Equivalents

$830M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$811M	$621M	+30.6%
Gross Profit	$310M	-$23M	+1438.0%
Operating Income	$169M	$145M	+16.4%
Net Income	$171M	$56M	+205.7%

Revenue Segments

Solar Module

$802M99%

Other

$8M1%