Analysis for FSLR
- 📈 Growth — 26/30
- 💰 Profitability — 19/20
- 🏦 Financial Health — 19/20
- 💵 Valuation — 12/20
- ⚠️ Risk — 7/10
Overall Score: 79/100
Summary:
📈 Growth & Financial Trajectory
Across eight quarters, Revenues moved from about $1.01B in 2024 Q2 to about $1.06B in 2026 Q2, a modest net gain. Net income rose from roughly $349.4M to $422.6M, up ~21%, signaling improving profitability despite quarterly swings. A notable spike occurred in 2025 Q3 with revenue near $1.59B, followed by a pullback, illustrating cyclicality; overall trend remains positive on the bottom line.
💰 Margins & Cash Flow
- Gross margins are strong in 2026 quarters (Gross Profit ≈ $605M on Revenue ≈ $1.056B, ≈57%).
- Operating margin in 2026 Q2 ≈ 42–43% (Operating Income ≈ $450M).
- Net cash flow from operating activities in 2026 Q2 ≈ $1.27B; investing and financing cash flows were negative, but the quarter still produced net cash flow ~$336M continuing. Cash flow signals solid liquidity with positive quarterly generation.
🛡️ Balance Sheet & Liquidity
Total assets around $13.39B with equity ≈ $10.32B and current assets ≈ $5.32B against current liabilities ≈ $2.11B (2026 Q2), indicating a healthy balance sheet and strong liquidity. Leverage appears subdued, and liquidity coverage remains ample given the sizable equity base.
⚠️ Key Drivers & Risks
- Drivers: Strong solar deployment momentum (utility-scale and commercial backlogs) and margin expansion at scale support profitability.
- Risks: Revenue cyclicality and policy/regulatory shifts, plus competitive pricing and supply chain exposure could pressure volumes and margins.