Gross Profit
First Solar Gross Profit decreased by 26.9% to $486.13M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 41.2%, from $344.40M to $486.13M. Over 4 years (FY 2021 to FY 2025), Gross Profit shows an upward trend with a 30.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved manufacturing efficiency, favorable product mix, or higher pricing power, while a decrease may indicate rising raw material costs, supply chain inefficiencies, or competitive pricing pressure.
Detailed definition
Gross profit represents the residual earnings a company retains after deducting the direct costs associated with produci...
Peer comparison
Peers in the medical device and diagnostics sector typically maintain high gross margins due to intellectual property and specialized manufacturing, though these vary based on the specific product mix of nutritionals versus high-tech devices.
gross_profitHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $174.12M | $124.58M | $246.49M | $11.46M | -$23.20M | $20.98M | $60.61M | $112.05M | $310.42M | $376.18M | $502.03M | $346.00M | $498.89M | $445.31M | $567.66M | $344.40M | $499.85M | $610.75M | $665.34M | $486.13M |
| QoQ Change | — | -28.5% | +97.9% | -95.3% | -302.4% | +190.4% | +188.9% | +84.9% | +177.0% | +21.2% | +33.5% | -31.1% | +44.2% | -10.7% | +27.5% | -39.3% | +45.1% | +22.2% | +8.9% | -26.9% |
| YoY Change | — | — | — | — | -113.3% | -83.2% | -75.4% | +877.5% | >999% | >999% | +728.3% | +208.8% | +60.7% | +18.4% | +13.1% | -0.5% | +0.2% | +37.2% | +17.2% | +41.2% |
Business Segments
| Segment | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 |
|---|---|---|---|---|---|---|---|---|
| Modules segment | $106.89M | $301.92M | $367.36M | $501.25M | $346.17M | $498.33M | $448.38M | $567.81M |
| Other segment | $5.16M | $8.50M | $8.82M | $782.00K | -$165.00K | $556.00K | -$3.07M | -$145.00K |
| Total | $112.05M | $310.42M | $376.18M | $502.03M | $346.00M | $498.89M | $445.31M | $567.66M |
Modules segment, Other segment were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Gross Profit at Other Companies
Frequently Asked Questions
- What is First Solar's gross profit?
- First Solar (FSLR) reported gross profit of $486.13M in Q1 2026.
- How has First Solar's gross profit changed year-over-year?
- First Solar's gross profit increased by 41.2% year-over-year, from $344.40M to $486.13M.
- What is the long-term trend for First Solar's gross profit?
- Over 4 years (2021 to 2025), First Solar's gross profit has grown at a 30.6% compound annual growth rate (CAGR), from $729.95M to $2.12B.
- What does gross profit mean?
- The total revenue earned from sales minus the direct costs required to manufacture and deliver those products.