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First Solar

FSLR Information Technology Market cap $22.3B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 30, 2026

Revenue$1.06B −4% year over year

Gross profit$0.61B 57% margin

Operating profit$0.45B 43% margin

Net profit$0.42B 40% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	1.06	100%	−4%
Cost of revenue	−0.45	43%
Gross profit	0.61	57% margin	+12pp
R&D	−0.08	7%	+2pp
SG&A	−0.05	5%	+0pp
Other	−0.03	3%	+0pp
Operating profit	0.45	43% margin	+10pp
Other income, net	0.01
Tax	−0.04
Net profit	0.42	40% margin	+9pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	1.04	100%	+24%
Cost of revenue	−0.56	53%
Gross profit	0.49	47% margin	+6pp
R&D	−0.07	7%	+0pp
SG&A	−0.07	6%	+0pp
Other	−0.01	1%	+0pp
Operating profit	0.35	33% margin	+7pp
Other income, net	0.01
Tax	−0.01
Net profit	0.35	33% margin	+8pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.68	100%	+11%
Cost of revenue	−1.02	60%
Gross profit	0.67	40% margin	+2pp
R&D	−0.07	4%	+1pp
SG&A	−0.05	3%	+0pp
Operating profit	0.55	33% margin	+2pp
Tax	−0.03
Net profit	0.52	31% margin	+5pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.60	100%	+80%
Cost of revenue	−0.98	62%
Gross profit	0.61	38% margin	−12pp
R&D	−0.06	4%	−2pp
SG&A	−0.05	3%	−2pp
Other	−0.04	2%	+0pp
Operating profit	0.47	29% margin	−7pp
Tax	−0.01
Net profit	0.46	29% margin	−7pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY23 (period ends Jun 30, 2023).
Item	Value	Share of revenue	Year over year
Revenue	0.81	100%	+31%
Solar modules	0.80	99%
Solar power systems	0.01	1%
Cost of revenue	−0.50	62%
Gross profit	0.31	38% margin	+42pp
R&D	−0.04	5%	+0pp
SG&A	−0.05	6%	−1pp
Other	−0.06	7%	+0pp
Operating profit	0.17	21% margin	−3pp
Other income, net	0.02
Tax	−0.02
Net profit	0.17	21% margin	+12pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY23 (period ends Mar 31, 2023).
Item	Value	Share of revenue	Year over year
Revenue	0.55	100%	+49%
Solar module	0.54	98%	+51%
Power systems sales of	0.01	2%	+472%
Cost of revenue	−0.44	80%
Gross profit	0.11	20% margin	+17pp
R&D	−0.03	6%	−2pp
SG&A	−0.04	8%	−2pp
Other	−0.02	3%	+0pp
Operating profit	0.02	3% margin	+19pp
Tax benefit and other	0.03
Net profit	0.04	8% margin	+20pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

The balance sheet, capital flow, debt schedule and capital structure open with a free account.

Quarter by quarter

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 30, 2026 Operating margin 43% Net profit $0.42B	Apr 1 – Jun 30, 2026	Jul 30, 2026	$1.1B	−4%	43%	$0.42B	40%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 30, 2026 Operating margin 33% Net profit $0.35B	Jan 1 – Mar 31, 2026	Apr 30, 2026	$1.0B	+24%	33%	$0.35B	33%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 24, 2026 Operating margin 33% Net profit $0.52B	Oct 1 – Dec 31, 2025	Feb 24, 2026	$1.7B	+11%	33%	$0.52B	31%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 30, 2025 Operating margin 29% Net profit $0.46B	Jul 1 – Sep 30, 2025	Oct 30, 2025	$1.6B	+80%	29%	$0.46B	29%
Q2 FY23 Apr 1 – Jun 30, 2023 reported Jul 27, 2023 Operating margin 21% Net profit $0.17B	Apr 1 – Jun 30, 2023	Jul 27, 2023	$0.8B	+31%	21%	$0.17B	21%
Q1 FY23 Jan 1 – Mar 31, 2023 reported Apr 27, 2023 Operating margin 3% Net profit $0.04B	Jan 1 – Mar 31, 2023	Apr 27, 2023	$0.5B	+49%	3%	$0.04B	8%