First Solar (FSLR) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared with the same period one year earlier, but declined from the immediately preceding quarter. The company maintained a strong liquidity position during the period.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased compared with the same period one year earlier, but declined from the immediately preceding quarter. The company maintained a strong liquidity position during the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$794.1M
Revenue reported for this quarter.
Quarter-over-quarter
-31.5%
Change from the immediately preceding quarter.
Year-over-year
+44.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.6B
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 |
|---|---|---|
| Jun 30, 2023 | $810.7M | +30.6% |
| Sep 30, 2023 | $801.1M | +27.4% |
| Dec 31, 2023 | $1.2B | +15.6% |
| Mar 31, 2024 | $794.1M | +44.8% |
Revenue performance
The reported revenue reflects a seasonal pattern of lower sequential activity while still achieving year-over-year growth.
Quarterly comparison
Compared with the prior quarter, revenue decreased. Compared with the same quarter a year ago, revenue rose.
What to watch
Investors may monitor the company’s ability to sustain year-over-year growth amid sequential fluctuations.