First Solar (FSLR) Revenue — Quarter Ended Dec 31, 2023
Revenue increased sharply in the quarter, driven by higher module volumes and selling prices. The annual report attributes the full-year net sales growth to these same factors.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue increased sharply in the quarter, driven by higher module volumes and selling prices. The annual report attributes the full-year net sales growth to these same factors.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
+44.6%
Change from the immediately preceding quarter.
Year-over-year
+15.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.3B
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 |
|---|---|---|
| Mar 31, 2023 | $548.3M | +49.4% |
| Jun 30, 2023 | $810.7M | +30.6% |
| Sep 30, 2023 | $801.1M | +27.4% |
| Dec 31, 2023 | $1.2B | +15.6% |
Revenue performance
Sequential revenue growth accelerated, continuing an upward trajectory that strengthened over the fiscal year.
Quarterly comparison
Revenue exceeded the immediate prior quarter and also surpassed the level from the same quarter one year earlier.
What to watch
Focus on module pricing and production volumes, as these remain central to revenue momentum.