Filing Flows › First Solar (FSLR) › Q2 2026 › vs Q2 2025
First Solar (FSLR) Q2 2026 vs Q2 2025 (year over year)
First Solar's revenue fell $41.0M (-4%) from $1.1B in Q2 2025 to $1.1B in Q2 2026. Gross margin 57.3% against 45.6% (+11.7 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 57.3% | 45.6% | +11.7 pts |
| Operating margin | 42.6% | 33.0% | +9.7 pts |
| Net margin | 40.0% | 31.2% | +8.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | −$41.0M | -4% |
| Gross profit | $605M | $500M | $105M | +21% |
| Cost of revenue | $451M | $597M | −$146M | -24% |
| Other income, net | $9.0M | −$9.4M | $18.4M | — |
| Operating profit | $450M | $362M | $88.8M | +25% |
| Operating expenses | $155M | $138M | $16.4M | +12% |
| Pre-tax earnings | $459M | $352M | $107M | +30% |
| Research & development | $76.2M | $54.5M | $21.8M | +40% |
| SG&A | $51.9M | $52.6M | −$643K | -1% |
| Other operating costs | $26.4M | $31.2M | −$4.7M | -15% |
| Net earnings | $423M | $342M | $80.7M | +24% |
| Income tax | $36.8M | $10.3M | $26.5M | +257% |
| Operating cash sources | $722M | $323M | $400M | +124% |
| Depreciation & amortization | $148M | $123M | $24.4M | +20% |
| Share-based compensation | $7.0M | $6.8M | $235K | +3% |
| Cash used in operations | $145M | −$150M | $294M | — |
| Working capital & other | $722M | $323M | $400M | +124% |
Questions
How much did First Solar's revenue grow year over year in Q2 2026?
First Solar's revenue fell $41.0M (-4%) from $1.1B in Q2 2025 to $1.1B in Q2 2026. Gross margin 57.3% against 45.6% (+11.7 pts).