First Solar (FSLR) Gross Margin (2009 - 2026)
First Solar's (FSLR) quarterly Gross Margin came in at 57.28% in Q2 2026, up 1172.0% on a YoY basis from 4.5% in Q2 2025, and up 23.04% quarter-over-quarter from 46.55% in Q1 2026.
Powered by 
Analysis
First Solar (FSLR) Gross Margin (2009 - 2026) Analysis & Trends
First Solar (FSLR) has reported Gross Margin for 18 consecutive years, with 57.28% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 1172.0% year-over-year to 57.28%; the trailing twelve-month figure through Jun 2026 stood at 44.02% (up 126.0% YoY), and the FY2025 full-year result was 40.62%, down 354.0% from the prior year.
- Gross Margin grew to 57.28% in Q2 2026 per FSLR's latest filing, from 46.55% in the prior quarter.
- Across five years, Gross Margin topped out at 57.28% in Q2 2026 and bottomed at 3.74% in Q2 2022.
- Historically, Gross Margin has averaged 33.69% across 5 years, with a median of 40.16% in 2025.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 3141 bps in 2022, then jumped 4362 bps in 2023.
- Over 5 years, 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 soared by 45 bps to 57.28% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 57.28%, 46.55%, and 39.54% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn | 57.28% |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn | 35.91% |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn | 59.97% |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn | 27.48% |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn | 19.63% |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn | 30.31% |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn | 13.95% |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn | 29.12% |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn | 4.15% |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn | 31.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 57.28% |
| Mar 31, 2026 | 46.55% |
| Dec 31, 2025 | 39.54% |
| Sep 30, 2025 | 38.29% |
| Jun 30, 2025 | 45.56% |
| Mar 31, 2025 | 40.78% |
| Dec 31, 2024 | 37.49% |
| Sep 30, 2024 | 50.17% |
| Jun 30, 2024 | 49.37% |
| Mar 31, 2024 | 43.57% |
| Dec 31, 2023 | 43.33% |
| Sep 30, 2023 | 46.96% |
| Jun 30, 2023 | 38.29% |
| Mar 31, 2023 | 20.44% |
| Dec 31, 2022 | 6.05% |
| Sep 30, 2022 | 3.34% |
| Jun 30, 2022 | -3.74% |
| Mar 31, 2022 | 3.12% |
| Dec 31, 2021 | 27.17% |
| Sep 30, 2021 | 21.35% |