First Solar (MEX:FSLR) Current Deferred Revenue: MXN21,697 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:FSLR First Solar Inc MEX:FSLR
89 GF Score
Price MXN3,550.01
GF Value MXN4,583.32
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is First Solar Current Deferred Revenue?

First Solar MEX:FSLR 89 Current Deferred Revenue is MXN21,697 Mil as of Mar. 2026. GuruFocus rates MEX:FSLR with a GF Score™ of 89/100 and a GF Value™ of MXN4,583.32 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Current Deferred Revenue represents collections of cash or other assets related to revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. It can be either current or non-current item. Also called unearned revenue.

First Solar's current deferred revenue for the quarter that ended in Mar. 2026 was MXN21,697 Mil.

First Solar Current Deferred Revenue Related Terms


First Solar Current Deferred Revenue Historical Data

* Premium members only.

The historical data trend for First Solar's Current Deferred Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Solar Current Deferred Revenue Chart

First Solar Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Current Deferred Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,141.12 5,131.64 7,020.19 14,849.26 18,264.73

First Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Current Deferred Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21,315.38 19,926.23 28,519.86 18,264.73 21,696.73
MEX:FSLR
89GF Score
First Solar Inc MEX:FSLR
Current Deferred Revenue is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
What does a Current Deferred Revenue of MXN21,697 Mil mean?
First Solar (MEX:FSLR) has a Current Deferred Revenue of MXN21,697 Mil as of Mar. 2026. Current Deferred Revenue records the total amount of cash received for unfinished services. View historical data on First Solar and its competitors.
Is First Solar's Current Deferred Revenue too high?
First Solar's current Current Deferred Revenue is MXN21,697 Mil. Overall, First Solar has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Solar's Current Deferred Revenue compare to NXT and ENPH?
First Solar's Current Deferred Revenue of MXN21,697 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Deferred Revenue for a Semiconductors company?
A good Current Deferred Revenue depends on the Semiconductors industry context. However, Current Deferred Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Deferred Revenue mean?
A high Current Deferred Revenue can signal that a stock is expensive relative to its fundamentals. Current Deferred Revenue records the total amount of cash received for unfinished services. View historical data on First Solar and its competitors. First Solar's current Current Deferred Revenue is MXN21,697 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Solar stock overvalued right now?
Based on GuruFocus' analysis, First Solar (MEX:FSLR) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN4,583.32, compared to a current price of MXN3,550.01 — trading 22.5% below its estimated fair value. The current Current Deferred Revenue is MXN21,697 Mil. First Solar's overall GF Score™ is 89/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Deferred Revenue calculated?
Current Deferred Revenue is calculated from a company's financial statements. For First Solar (MEX:FSLR), the current Current Deferred Revenue is MXN21,697 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Solar (MEX:FSLR) Overvalued in 2026?

Based on GuruFocus' analysis, First Solar stock appears to be undervalued. The current stock price of MXN3,550.01 is trading 22.5% below its estimated GF Value™ of MXN4,583.32. GuruFocus considers First Solar to be Modestly Undervalued.

Key valuation signals for MEX:FSLR:

  • Current Deferred Revenue: MXN21,697 Mil
  • GF Value™: MXN4,583.32 vs. price of MXN3,550.01 (22.5% below fair value)
  • GF Score™: 89/100 with 5 warning signs

No single metric tells the full story. See the MEX:FSLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Solar Business Description

Address 4300 East Camelback Road, Suite 220, Phoenix, AZ, USA, 85018
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.
89GF Score

Get the complete analysis for MEX:FSLR

Current Deferred Revenue is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN3,550.01
Price
MXN4,583.32
GF Value