Filing Flows › First Solar (FSLR) › Operating margin
First Solar (FSLR) operating margin by quarter
First Solar's operating margin was 44.4% in Q3 2026 (third quarter 2026), +1.7 pts from Q2 2026. Over the last 7 quarters it ranged from 26.2% (Q1 2025) to 44.4% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 44.4% | +1.7 pts | +15.1 pts |
| Q2 2026 | 42.6% | +9.6 pts | +9.7 pts |
| Q1 2026 | 33.1% | +0.5 pts | +6.9 pts |
| Q4 2025 | 32.6% | +3.3 pts | — |
| Q3 2025 | 29.2% | -3.7 pts | — |
| Q2 2025 | 33.0% | +6.8 pts | — |
| Q1 2025 | 26.2% | — | — |
Q3 2026 at a glance
First Solar, Q3 2026: revenue $1.2B (-23% year over year), operating margin 44.4%, net earnings $571M, operating cash flow −$42.9M. The chart follows the revenue to costs, profit and cash.
Questions
What is First Solar's operating margin?
First Solar's operating margin was 44.4% in Q3 2026 (third quarter 2026), +1.7 pts from Q2 2026.
How has First Solar's operating margin changed?
Over the last 7 quarters it ranged from 26.2% (Q1 2025) to 44.4% (Q3 2026).