local time, First Solar, an American photovoltaic manufacturer, released its financial data for the second quarter of 2025 and updated its guidance for 2025.
The performance report shows that in the first half of 2025, First Solar 's net sales were $ 1.942 billion, up 7.6% year-on-year, and gross profit was $844 million , down 0.08% year-on-year; Net income was $ 551 million, down 5.9% year over year.
In the second quarter, First Solar's net sales were $1.097 billion, an increase of $253 million compared with the previous quarter, mainly due to the increase in the number of components sold to third parties; gross profit was $500 million, a slight increase of 0.19% compared with the previous quarter, an increase of 45.14% compared with the previous quarter; Net income was US $ 342 million, down 2.14% year-on-year and up 63.16% quarter-on-quarter.
First Solar said that in July 2025, the scheduled volume was 2.1GW , and the expected sales backlog was 64GW . It will last until 2030 .
In addition, First Solar once again revised its 2025 guidance: net sales increased from $4.5-5.5 billion to $4.9-5.7 billion; gross profit increased from $1.96- $2.47 billion to $2.05- $2.35 billion; Shipments were revised up to 16.7-19.3GW from 15.5-19.3GW .
At the same time, First Solar predicts that its module shipments in the third quarter will be between 5-6GW.
Earlier, the company lowered its guidance for 2025 in its first quarter earnings report. Initially, First Solar forecast net sales of $5.3-5.8 billion, gross profit of $2.45-2.75 billion and shipments of 18-20GW in 2025.
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