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% YoY from 4.5% in Q2 2025, and up 23.04% on a QoQ basis from 46.55% in Q1 2026.
First Solar (FSLR) Gross Margin (2009 - 2026) Analysis & Trends
First Solar (FSLR) has 18 years of Gross Margin data on file, last reported at 57.28% in Q2 2026.
- Quarterly Gross Margin rose 1172.0% year-over-year to 57.28% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 44.02% (up 126.0% YoY) and the FY2025 annual result came in at 40.62%, down 354.0% from the prior year.
- Gross Margin climbed to 57.28% in Q2 2026, from 46.55% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 57.28% in Q2 2026 to a low of 3.74% in Q2 2022.
- A 5-year average of 33.69% and a median of 40.16% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 3141 bps — and 2023, when it soared 4362 bps.
- Tracing FSLR's Gross Margin over 5 years: stood at 6.05% in 2022, then surged by 617 bps to 43.33% in 2023, then slipped by 13 bps to 37.49% in 2024, then gained by 5 bps to 39.54% in 2025, then jumped by 45 bps to 57.28% in 2026.
- The last three Gross Margin figures came in at 57.28% (Q2 2026), 46.55% (Q1 2026), and 39.54% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 57.28% |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 35.91% |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 59.97% |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 60.64% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 27.48% |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 30.31% |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 10.22% |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 8.32% |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 29.12% |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 33.45% |
Historic Data
Download 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% |