Filing Flows › First Solar (FSLR) › Q2 2026 › vs Q1 2026
First Solar (FSLR) Q2 2026 vs Q1 2026 (quarter over quarter)
First Solar's revenue rose $12.0M (+1%) from $1.0B in Q1 2026 to $1.1B in Q2 2026. Gross margin 57.3% against 46.6% (+10.7 pts).
First Solar, Q2 2026: revenue $1.1B (-4% year over year), operating margin 42.6%, net earnings $423M, operating cash flow −$145M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 57.3% | 46.6% | +10.7 pts |
| Operating margin | 42.6% | 33.1% | +9.6 pts |
| Net margin | 40.0% | 33.2% | +6.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $12.0M | +1% |
| Gross profit | $605M | $486M | $119M | +24% |
| Cost of revenue | $451M | $558M | −$107M | -19% |
| Other income, net | $9.0M | $9.0M | −$40K | -0.4% |
| Operating profit | $450M | $345M | $105M | +30% |
| Operating expenses | $155M | $141M | $13.8M | +10% |
| Pre-tax earnings | $459M | $354M | $105M | +30% |
| Research & development | $76.2M | $66.9M | $9.3M | +14% |
| SG&A | $51.9M | $65.3M | −$13.4M | -20% |
| Other operating costs | $26.4M | $8.6M | $17.9M | +209% |
| Net earnings | $423M | $347M | $76.0M | +22% |
| Income tax | $36.8M | $7.7M | $29.1M | +377% |
| Operating cash sources | $722M | $716M | $6.7M | +0.9% |
| Depreciation & amortization | $148M | $147M | $452K | +0.3% |
| Share-based compensation | $7.0M | $6.8M | $264K | +4% |
| Cash used in operations | $145M | $215M | −$70.0M | -33% |
| Working capital & other | $722M | $716M | $6.7M | +0.9% |
Questions
How much did First Solar's revenue grow quarter over quarter in Q2 2026?
First Solar's revenue rose $12.0M (+1%) from $1.0B in Q1 2026 to $1.1B in Q2 2026. Gross margin 57.3% against 46.6% (+10.7 pts).