---
schema_version: "secwatch.filing_event.v1"
accession: "0001274494-23-000009"
form_type: "8-K"
ticker: "FSLR"
cik: "0001274494"
company_name: "FIRST SOLAR, INC."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:22:22.676076+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Solar Q1 net income $0.40/diluted share; net sales $548M; YTD bookings 12.1 GW

## Summary
- Net sales of $548M, down $454M from prior quarter on lower module volume to third parties.
- Net income per diluted share $0.40 vs net loss per share of ($0.07) in Q4 2022.
- Net cash balance $2.0B vs $2.4B end of prior quarter; capex for expansions in AL, India, OH.
- YTD net bookings 12.1 GW DC; 4.8 GW DC since Q4 call at avg ASP $0.318 per watt.
- Full-year 2023 guidance reaffirmed: net sales $3.4B-$3.6B, EPS $7.00-$8.00, volume 11.8-12.3 GW.

## SEC filing metadata
- accession: 0001274494-23-000009
- form_type: 8-K
- ticker: FSLR
- cik: 0001274494
- company_name: FIRST SOLAR, INC.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1274494/000127449423000009/0001274494-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1274494/000127449423000009/fslr-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001274494-23-000009
- JSON: https://secwatch.observer/filing/0001274494-23-000009.json
- Plain text: https://secwatch.observer/filing/0001274494-23-000009.txt

## Key facts
- Earnings Releases
  FIRST SOLAR, INC. reported full year 2023 results: revenue $3.4B to $3.6B, EPS $7.00 to $8.00. Guidance reaffirmed.
  - Period: full year 2023
  - Revenue: $3.4B to $3.6B
  - EPS: $7.00 to $8.00
  - Guidance: reaffirmed
  - Result: guidance update
  source text: 2023 guidance remains unchanged. The complete 2023 guidance is as follows: Prior Current Net Sales $3.4B to $3.6B Unchanged Gross Margin (1) $1.2B to $1.3B Unchanged Operating Expenses (2) $415M to $440M Unchanged Operating Income (3) $745M to $870M Unchanged Earnings per Diluted Share $7.00 to $8.00 Unchanged Net Cash Balance (4) $1.2B to $1.5B Unchanged Capital Expenditures $1.9B to $2.1B Unchanged Volume Sold 11.8GW to 12.3GW Unchanged
  evidence_url: https://www.sec.gov/Archives/edgar/data/1274494/000127449423000009/0001274494-23-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.