FINHUB Insights

FSLR · Q1 FY23 · Jan 1 – Mar 31, 2023

First Solar Q1 FY23: where the revenue came from and where it went

First Solar Q1 FY23: revenue $0.5B (+49% year over year). Net profit $0.04B. Largest cohort Solar module $0.5B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2023
Reported
Apr 27, 2023 10-Q
Sankey diagram of First Solar's income statement for Q1 FY23: revenue of $0.55 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$0.55B +49% year over year
Gross profit$0.11B 20% margin
Operating profit$0.02B 3% margin
Net profit$0.04B 8% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY23 (period ends Mar 31, 2023).
ItemValueShare of revenueYear over year
Revenue 0.55 100% +49%
Solar module 0.54 98% +51%
Power systems sales of 0.01 2% +472%
Cost of revenue−0.4480%
Gross profit0.1120% margin+17pp
R&D−0.036%−2pp
SG&A−0.048%−2pp
Other−0.024%+0pp
Operating profit0.023% margin+19pp
Net profit0.048%+20pp
Filing on EDGAR More quarters of FSLR

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.