First Solar (FSLR) Gross Margin (2009 - 2026)

First Solar's Gross Margin history runs 18 years deep, the most recent figure standing at 46.55% for Q1 2026.

• Quarterly Gross Margin rose 577.0% year-over-year to 46.55% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 41.74% (down 186.0% YoY) and the FY2025 annual result came in at 40.62%, down 354.0% from the prior year.
• Gross Margin was 46.55% for Q1 2026 at First Solar, up from 39.54% in the prior quarter.
• Across five years, Gross Margin topped out at 50.17% in Q3 2024 and bottomed at 3.74% in Q2 2022.
• A 5-year average of 32.3% and a median of 39.54% in 2025 frame the typical range for Gross Margin.
• Annual changes were most pronounced in 2022 — Gross Margin slumped 3141 bps — and 2023, when it soared 4362 bps.
• First Solar's Gross Margin stood at 6.05% in 2022, then jumped by 617 bps to 43.33% in 2023, then declined by 13 bps to 37.49% in 2024, then climbed by 5 bps to 39.54% in 2025, then climbed by 18 bps to 46.55% in 2026.
• Business Quant data shows FSLR's Gross Margin at 46.55% in Q1 2026, 39.54% in Q4 2025, and 38.29% in Q3 2025.