First Solar reported results for the third quarter ended September 30, 2025, with higher revenue and profitability driven by strong demand for its solar modules and strategic manufacturing expansion in the United States.
Revenue and Profit Growth
First Solar’s sales for the third quarter reached $1.6 billion, up by $0.5 billion from the previous quarter, primarily due to increased module shipments to third-party customers. First Solar posted net income of $455.9 million.
First Solar produced 3,555 MW of solar modules and sold 5,295 MW in Q3-2025.
Manufacturing and Segment Expansion
First Solar commissioned its fifth U.S. manufacturing facility in the third quarter, strengthening domestic production capacity and reducing supply dependence on foreign markets.
The company also announced plans to build a new 3.7 gigawatt (GW) manufacturing facility in the United States, with production expected to begin by the end of 2026 and ramp up through the first half of 2027. The new facility will complete modules partially manufactured overseas, supporting the company’s strategy to align with U.S. energy independence goals and domestic job creation initiatives.
Strategic Outlook and Module Shipments
Despite strong quarterly performance, First Solar revised its full-year 2025 revenue outlook to a range of $4.95 billion to $5.2 billion, down from its earlier estimate of $4.9 billion to $5.7 billion. The adjustment reflects reduced international volumes following customer contract terminations, partially offset by termination payments.
As a result, First Solar also reduced the upper end of its expected module shipment range to 17.4 GW from 19.3 GW, while maintaining the lower end at 16.7 GW.
CEO Mark Widmar highlighted First Solar’s ability to maintain growth and liquidity amid global trade and policy challenges. “Through disciplined execution, we’ve strengthened our position with record sales and enhanced liquidity. Our expansion supports national priorities around domestic manufacturing, energy affordability, and competitiveness in the global energy transition,” Mark Widmar said.
Strategic Direction
First Solar remains focused on expanding its U.S. production footprint, enhancing supply chain resilience, and capturing growing demand from corporations and governments shifting toward clean energy solutions. The company’s continued investments in advanced manufacturing and domestic capacity underscore its role as a leading player in the global solar module market.
Baburajan Kizhakedath