First Solar FSLR
NASDAQ FSLR
$215.49 +1.43 (+0.67%)
As of: Aug 21, 2026 · 1:16 PM EDT

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

First Solar's (FSLR) quarterly Net Margin came in at 40.01% in Q2 2026, up 885.0% YoY from 4.06% in Q2 2025, and up 20.53% on a QoQ basis from 33.19% in Q1 2026.

First Solar (FSLR) Net Margin (2009 - 2026) Analysis & Trends

First Solar (FSLR) has 18 years of Net Margin data on file, last reported at 40.01% in Q2 2026.

  • Quarterly Net Margin rose 885.0% year-over-year to 40.01% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 32.47% (up 351.0% YoY) and the FY2025 annual result came in at 29.28%, down 144.0% from the prior year.
  • Net Margin advanced to 40.01% in Q2 2026, from 33.19% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 40.01% in Q2 2026 to a low of 11.78% in Q1 2022.
  • A 5-year average of 21.97% and a median of 29.19% in 2024 frame the typical range for Net Margin.
  • Annual changes were most pronounced in 2022 — Net Margin sank 3788 bps — and 2023, when it surged 4132 bps.
  • Tracing FSLR's Net Margin over 5 years: stood at 0.75% in 2022, then jumped by 4103 bps to 30.14% in 2023, then fell by 14 bps to 25.96% in 2024, then rose by 19 bps to 30.95% in 2025, then advanced by 29 bps to 40.01% in 2026.
  • The last three Net Margin figures came in at 40.01% (Q2 2026), 33.19% (Q1 2026), and 30.95% (Q4 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 First Solar 23.18 Bn 21.45 Bn 605.00 Mn 40.01%
2 Nextpower 13.04 Bn 11.83 Bn 335.85 Mn 17.68%
3 Enphase Energy 5.06 Bn 4.12 Bn 175.01 Mn 12.36%
4 Sunrun 2.21 Bn 2.21 Bn 527.54 Mn -23.93%
5 Solaredge Technologies 1.91 Bn 1.32 Bn 95.15 Mn -8.88%
6 Shoals Technologies 1.22 Bn 1.20 Bn 49.53 Mn 7.43%
7 Canadian Solar 983.58 Mn -604.71 Mn 124.40 Mn -7.09%
8 JinkoSolar Holding 840.02 Mn -2.47 Bn 147.66 Mn 129.61%
9 Array Technologies 727.02 Mn 419.71 Mn 99.60 Mn 2.47%
10 Toyo 178.60 Mn 101.96 Mn 47.76 Mn 19.90%

Historic Data

Download Data
DateValue
Jun 30, 2026 40.01%
Mar 31, 2026 33.19%
Dec 31, 2025 30.95%
Sep 30, 2025 28.59%
Jun 30, 2025 31.16%
Mar 31, 2025 24.81%
Dec 31, 2024 25.96%
Sep 30, 2024 35.26%
Jun 30, 2024 34.57%
Mar 31, 2024 29.80%
Dec 31, 2023 30.14%
Sep 30, 2023 33.50%
Jun 30, 2023 21.04%
Mar 31, 2023 7.76%
Dec 31, 2022 -0.75%
Sep 30, 2022 -7.82%
Jun 30, 2022 8.99%
Mar 31, 2022 -11.78%
Dec 31, 2021 14.48%
Sep 30, 2021 7.75%