What is First Solar's operating income?

First Solar (FSLR) reported operating income of $345.3M in Q1 2026.

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

First Solar's operating income increased by 56.1% year-over-year, from $221.24M to $345.3M.

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

Over 4 years (2021 to 2025), First Solar's operating income has grown at a 28.4% compound annual growth rate (CAGR), from $586.75M to $1.6B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

First Solar FSLR Operating Income

Operating Income at other companies

SolarEdge TechnologiesSEDG

-$55.04M+46.4%

Enphase EnergyENPH

-$29.64M-193%

Shoals Technologies Group, Inc.SHLS

$7.72M+79.0%

SunrunRUN

-$43.51M+62.1%

FTC SolarFTCI

-$12.06M-14.2%

Solaris Energy InfrastructureSEI

$50.56M+129%

Other financials

Income statement

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Revenue$1.0B+23.6%

Gross profit$486.1M+41.2%

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

Reported directly by First Solar in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?: First Solar (FSLR) reported operating income of $345.3M in Q1 2026.
How has First Solar's operating income changed year-over-year?: First Solar's operating income increased by 56.1% year-over-year, from $221.24M to $345.3M.
What is the long-term trend for First Solar's operating income?: Over 4 years (2021 to 2025), First Solar's operating income has grown at a 28.4% compound annual growth rate (CAGR), from $586.75M to $1.6B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.