First Solar (FSLR) revenue breakdown
By segment, Modules segment is the largest at 100% of fiscal 2024 revenue, growing 42% a year over 6 years.
By product, Solar Modules is the largest at 99% of fiscal 2023 revenue, growing 46% a year over 5 years.
Revenue by segment
Fiscal years, as First Solar reports them in its 10-K filings; fiscal 2024 total $4.2B.
| Segments | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Share |
|---|---|---|---|---|---|---|---|---|
| Modules segment | $502M | $1.5B | $1.7B | $2.3B | $2.4B | $3.3B | $4.2B | 100% |
| Other segment | $1.7B | $1.6B | $975M | $592M | $191M | $22M | $4M | 0% |
Revenue by product
Fiscal years, as First Solar reports them in its 10-K filings; fiscal 2023 total $3.3B.
| Products | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Share |
|---|---|---|---|---|---|---|---|
| Solar Modules | $502M | $1.5B | $1.7B | $2.3B | $2.4B | $3.3B | 99% |
| Solar Power Systems | $1.2B | $1.1B | $795M | $513M | $153M | $20M | 1% |
| O&M Services | $103M | $108M | $116M | $43M | $12M | $2M | 0% |
| EPC Services | — | — | — | -$2M | — | — | — |
| EPC Services | $348M | $292M | $3M | — | — | — | — |
| Energy Generation | $47M | $55M | $62M | $38M | $26M | -$19,000 | -0% |
Revenue by region
Fiscal years, as First Solar reports them in its 10-K filings; fiscal 2025 total $5.2B.
| Regions | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| United States | $1.5B | $2.7B | $1.8B | $2.5B | $2.2B | $3.2B | $3.9B | $5.0B | 96% |
| India | — | — | — | — | $37M | $11M | $202M | $196M | 4% |
| All other foreign countries | $112M | $128M | $97M | $106M | $148M | $52M | $65M | $23M | 0% |
| France | $29M | $89M | $127M | $122M | $68M | $68M | $34M | $6M | 0% |
| Japan | $235M | $34M | $470M | $208M | — | — | — | — | — |
| Chile | — | — | $22M | $32M | $173M | — | — | — | — |
| Australia | $153M | $138M | — | — | — | — | — | — | — |
| Canada | $5M | $6M | $119M | — | — | — | — | — | — |
| India | $232M | $7M | $34M | — | — | — | — | — | — |
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Where does First Solar make its money?
In fiscal 2024, by segment: Modules segment $4.2B, Other segment $4M.
From First Solar's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.