The financials
First Solar by the numbers
First Solar (FSLR) reported revenue of $1.06B in Q2 2026 (quarter ended June 30, 2026), down 3.7% from the same quarter a year earlier. That came with a gross margin of 57% and net income of $423M (40% of revenue). For the full year FY2025, revenue was $5.22B (+24% year on year) and net income $1.53B. Its largest product in 2023-Q3 was Solar Module at $800M, 100% of the disclosed total, just ahead of Operationsand Maintenance at 0.1%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $1.06B | $1.10B | −3.7% |
| Gross profit | $605M | $500M | +21% |
| Operating income | $450M | $362M | +25% |
| Net income | $423M | $342M | +24% |
| Diluted EPS | $3.92 | $3.18 | +23% |
| Product | Revenue | Share |
|---|---|---|
| Solar Module | $800M | 100% |
| Operationsand Maintenance | $481K | 0.1% |
| Solar Power Systems Salesof | $217K | 0.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q3 2023Total $801.1M (-1.2%)
Solar Power Systems Salesof grew +141% year on yearEnergy Generation -100% year on year
Segment Latestquarter on quarteryear on year
- Solar Module$800.4M$800.4MQoQ -0.23%year on year +29%-0.23%+29%
- Operations and Maintenance$481.0K$481.0KQoQ +9.1%year on year -86%+9.1%-86%
- Solar Power Systems Salesof$217.0K$217.0KQoQ -97%year on year +141%-97%+141%
- EPC Services--QoQ -year on year ---
- Energy Generation−$1.0K−$1.0KQoQ -year on year -100%--100%