PVTIME – First Solar, a leading US solar manufacturing company, has announced strong financial results for the second quarter of 2025. During the period, the company shipped 3.6GW of solar modules. The company recorded net sales of $1.1 billion, an 8% increase on the same quarter last year, and net profit reached $342 million, delivering a healthy profit margin of 45.6%.
This performance comes as First Solar navigates a mixed policy and market landscape. While the passing of the US One Big Beautiful Bill Act (OBBBA) has led to an increase in new orders, this positive momentum has been offset by the cancellation of 1.1GW of orders from Southeast Asia. This cancellation highlights the ongoing uncertainty surrounding tariff regulations that continue to affect global solar trade.
First Solar’s finances have received a further boost with the securing of $373 million through the transfer of Advanced Manufacturing Production Tax Credits (PTC) under Section 45X of the Inflation Reduction Act (IRA). These funds are expected to be realised before the end of the year, providing additional stability amid market fluctuations.
Despite growing volatility in global trade conditions, First Solar has updated its guidance for the 2025 fiscal year to reflect confidence in sustained performance. The company expects to maintain strong momentum throughout the second half of the year by leveraging policy support and operational strength to navigate evolving market dynamics.
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