First Solar (FSLR) Revenue — Quarter Ended Jun 30, 2023
Revenue increased in the quarter compared to both the prior period and the same period a year earlier. The growth reflects improved net sales during the period.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased in the quarter compared to both the prior period and the same period a year earlier. The growth reflects improved net sales during the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$810.7M
Revenue reported for this quarter.
Quarter-over-quarter
+47.9%
Change from the immediately preceding quarter.
Year-over-year
+30.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $628.9M | +7.8% |
| Dec 31, 2022 | $1B | +10.5% |
| Mar 31, 2023 | $548.3M | +49.4% |
| Jun 30, 2023 | $810.7M | +30.6% |
Revenue performance
The company reported higher revenue for the quarter, driven by stronger net sales.
Quarterly comparison
Revenue rose sequentially from the immediately preceding quarter and also showed a year-over-year increase compared to the same quarter one year earlier.
What to watch
Monitor the company's liquidity position given the decrease in cash and marketable securities from the prior year-end.