First Solar, Inc., a US-based PV module manufacturer, has reported its FY2025 financial results. According to the report, net sales were $5.2 billion, compared with $4.2 billion in FY2024, reflecting a 24% increase in third-party module volume. Net income per diluted share was $14.21, compared with the prior year as stated. Fourth quarter net sales were $1.7 billion, compared with $1.6 billion in the prior quarter, reflecting higher module volumes. Net cash, cash equivalents, restricted cash, restricted cash equivalents, and marketable securities less debt were $2.4 billion at quarter end, compared with $1.5 billion in the previous quarter. For 2026, volume sold is projected at 17.0 GW to 18.2 GW and net sales at $4.9 billion to $5.2 billion, assuming $2.10 billion to $2.19 billion of Section 45X tax credits.