What is First Solar's net income?

First Solar (FSLR) reported net income of $346.62M in Q1 2026.

How has First Solar's net income changed year-over-year?

First Solar's net income increased by 65.4% year-over-year, from $209.54M to $346.62M.

What is the long-term trend for First Solar's net income?

Over 4 years (2021 to 2025), First Solar's net income has grown at a 34.4% compound annual growth rate (CAGR), from $468.69M to $1.53B.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

First Solar FSLR Net Income

Net Income at other companies

SolarEdge TechnologiesSEDG

-$57.37M+41.8%

Enphase EnergyENPH

-$7.41M-125%

Shoals Technologies Group, Inc.SHLS

-$297K-5.3%

SunrunRUN

$167.64M+235%

FTC SolarFTCI

$32.6M+954%

Solaris Energy InfrastructureSEI

$21.44M+303%

Other financials

Income statement

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Revenue$1.0B+23.6%

Gross profit$486.1M+41.2%

Operating income$345.3M+56.1%

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

Reported directly by First Solar in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

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 net income?: First Solar (FSLR) reported net income of $346.62M in Q1 2026.
How has First Solar's net income changed year-over-year?: First Solar's net income increased by 65.4% year-over-year, from $209.54M to $346.62M.
What is the long-term trend for First Solar's net income?: Over 4 years (2021 to 2025), First Solar's net income has grown at a 34.4% compound annual growth rate (CAGR), from $468.69M to $1.53B.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.