First Solar (FSLR) Gross Margin (2009 - 2026)
First Solar (FSLR) posted Gross Margin of 57.93% for Q3 2026, up 19.63 percentage points from 38.29% a year earlier and up 0.65 percentage points from the prior quarter.
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Analysis
First Solar (FSLR) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Gross Margin at First Solar was 49.25%, up 9.20 percentage points year-over-year; for FY2025, it came in at 40.62%, down 3.54 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of +15.52 percentage points (FY2020 to FY2025).
- In prior years, First Solar's Gross Margin was 44.17% in FY2024 (+4.98 pp), 39.19% in FY2023 (+36.53 pp), 2.67% in FY2022 (-22.30 pp) and 24.97% in FY2021 (-0.14 pp).
- The Q3 2026 figure stands as the highest quarterly Gross Margin in data going back to Q1 2009.
- On a year-over-year basis, Gross Margin has increased in each of the last four quarters, with an average year-over-year change of +1.86 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q3 2023, with a gain of 43.62 percentage points; the weakest was Q2 2022, with a drop of 31.41 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 57.28% (Q2 2026), 46.55% (Q1 2026) and 39.54% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 220.58 Bn | 171.68 Bn | 3.11 Bn | 24.58% |
| 2 | Bloom Energy | 56.91 Bn | 46.81 Bn | 417.10 Mn | 33.75% |
| 3 | First Solar | 20.56 Bn | 11.92 Bn | 713.06 Mn | 57.93% |
| 4 | Nextpower | 15.90 Bn | 11.61 Bn | 345.32 Mn | 31.13% |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 23.84% |
| 6 | Generac Holdings | 11.11 Bn | 9.84 Bn | 516.04 Mn | 39.86% |
| 7 | EnerSys | 5.54 Bn | 3.73 Bn | 313.36 Mn | 33.49% |
| 8 | Mirion Technologies | 4.72 Bn | 3.08 Bn | 131.50 Mn | 47.34% |
| 9 | Enphase Energy | 3.84 Bn | -474.64 Mn | 127.12 Mn | 43.34% |
| 10 | QuantumScape | 2.84 Bn | -715.25 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 57.93% |
| 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% |
API Access
First Solar Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "FSLR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();