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 $344.4M 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?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

First Solar FSLR Gross Profit

Gross Profit at other companies

SolarEdge TechnologiesSEDG

$68.28M+289%

Enphase EnergyENPH

$100.39M-40.3%

Shoals Technologies Group, Inc.SHLS

$41.01M+45.7%

FTC SolarFTCI

-$1.23M+64.4%

NeoVoltaNEOV

$927.82K+80.3%

Tesla, Inc.TSLA

$4.72B+49.7%

Other financials

Income statement

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Revenue$1.0B+23.6%

Operating income$345.3M+56.1%

Net income$346.6M+65.4%

EPS (diluted)$3.22+65.1%

Balance sheet

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Cash & equivalents$2.4B+182%

Total debt$590.9M-6.5%

Total equity$9.9B+20.7%

Total assets$13.4B+10.2%

Cash flow

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Operating cash flow-$214.9M+64.7%

CapEx$118.5M-42.5%

Free cash flow-$333.4M+59.0%

Valuation

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Market cap$25.35B+44.6%

Enterprise value$23.57B+38.1%

P/E15.2×+1.3×

P/S4.7×+0.6×

Profitability

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Gross margin41.7%-1.9pp

Operating margin31.8%-0.5pp

Net margin30.7%+1.0pp

FCF margin30.8%—

Returns & leverage

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Return on equity18.4%+1.7pp

Debt / equity0.1×0.0×

Current ratio2.6×+0.6×

Where this comes from

Calculated from First Solar’s reported figures.

$1.0Btotal revenue−$558.1Mtotal cost of revenue=$486.13M

The official record: First Solar’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 $344.4M 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?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.