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

First Solar has reported Operating Margin for 18 years, with the latest figure at 33.07% in Q1 2026.

• For the quarter ending Q1 2026, Operating Margin rose 687.0% year-over-year to 33.07%; the trailing twelve-month figure through Mar 2026 stood at 31.76% (down 49.0% YoY), and the FY2025 full-year result was 30.59%, down 256.0% from the prior year.
• Operating Margin for Q1 2026 stood at 33.07%, up from 32.56% in the prior quarter.
• The five-year high for Operating Margin was 36.86% in Q2 2024, with the low at 15.75% in Q1 2022.
• Historically, Operating Margin has averaged 21.91% across 5 years, with a median of 30.17% in 2024.
• Annual changes were most pronounced in 2022 — Operating Margin slumped 4716 bps — and 2023, when it jumped 4494 bps.
• First Solar's Operating Margin stood at 4.58% in 2022, then jumped by 850 bps to 34.33% in 2023, then fell by 12 bps to 30.17% in 2024, then climbed by 8 bps to 32.56% in 2025, then increased by 2 bps to 33.07% in 2026.
• The last three Operating Margin figures came in at 33.07% (Q1 2026), 32.56% (Q4 2025), and 29.22% (Q3 2025), per Business Quant data.