First Solar (FSLR) Revenue — Quarter Ended Sep 30, 2024
Revenue declined compared to the previous quarter but increased relative to the same period last year. The company continues to invest in manufacturing capacity.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue declined compared to the previous quarter but increased relative to the same period last year. The company continues to invest in manufacturing capacity.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$887.7M
Revenue reported for this quarter.
Quarter-over-quarter
-12.2%
Change from the immediately preceding quarter.
Year-over-year
+10.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.9B
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, 2023 | $1.2B | +15.6% |
| Mar 31, 2024 | $794.1M | +44.8% |
| Jun 30, 2024 | $1B | +24.6% |
| Sep 30, 2024 | $887.7M | +10.8% |
Revenue performance
Net sales for the quarter were lower than the preceding quarter, reflecting a sequential decrease. However, on a year-over-year basis, revenue showed an improvement.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell. Compared to the same quarter one year earlier, revenue rose.
What to watch
Monitor the company's capital expenditure plans and liquidity position as it expands manufacturing facilities.