First Solar (FSLR) Revenue — Quarter Ended Sep 30, 2023
Revenue for the reporting quarter edged lower compared to the prior quarter, but posted a robust increase from the same period one year earlier. The company's liquidity remains adequate to support near-term operations and capital needs.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the reporting quarter edged lower compared to the prior quarter, but posted a robust increase from the same period one year earlier. The company's liquidity remains adequate to support near-term operations and capital needs.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$801.1M
Revenue reported for this quarter.
Quarter-over-quarter
-1.2%
Change from the immediately preceding quarter.
Year-over-year
+27.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.2B
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 |
|---|---|---|
| Dec 31, 2022 | $1B | +10.5% |
| Mar 31, 2023 | $548.3M | +49.4% |
| Jun 30, 2023 | $810.7M | +30.6% |
| Sep 30, 2023 | $801.1M | +27.4% |
Revenue performance
Revenue performance showed a marginal sequential decline but a strong year-over-year improvement, reflecting sustained growth momentum.
Quarterly comparison
The slight decrease from the preceding quarter contrasts with the significant increase from the same quarter one year ago, highlighting a notable expansion over the past year.
What to watch
Monitoring the company's ability to monetize IRA credits and manage capital expenditures for new U.S. manufacturing facilities will be crucial.