FINHUB Insights

FSLR · Q2 FY23 · Apr 1 – Jun 30, 2023

First Solar Q2 FY23: where the revenue came from and where it went

First Solar Q2 FY23: revenue $0.8B (+31% year over year). Net profit $0.17B. Largest cohort Solar modules $0.8B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2023
Reported
Jul 27, 2023 10-Q
Sankey diagram of First Solar's income statement for Q2 FY23: revenue of $0.81 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$0.81B +31% year over year
Gross profit$0.31B 38% margin
Operating profit$0.17B 21% margin
Net profit$0.17B 21% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY23 (period ends Jun 30, 2023).
ItemValueShare of revenueYear over year
Revenue 0.81 100% +31%
Solar modules 0.80 99%
Solar power systems 0.01 1%
Cost of revenue−0.5062%
Gross profit0.3138% margin+42pp
R&D−0.045%+0pp
SG&A−0.056%−1pp
Other−0.067%+0pp
Operating profit0.1721% margin−3pp
Tax−0.02
Net profit0.1721%+12pp
Filing on EDGAR More quarters of FSLR

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