Filing Flows › First Solar (FSLR) › Q2 2026
First Solar (FSLR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
First Solar (FSLR) reported revenue of $1.1B for the second quarter 2026 (Q2 2026), -4% from a year earlier and +1% from the quarter before. Operating margin was 42.6%, net earnings $423M (40.0% of revenue).
First Solar, Q2 2026: revenue $1.1B (-4% year over year), operating margin 42.6%, net earnings $423M, operating cash flow −$145M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +1% | -4% |
| Gross profit | $605M | +24% | +21% |
| Operating profit | $450M | +30% | +25% |
| Net earnings | $423M | +22% | +24% |
| Operating cash flow | −$145M | — | -197% |
What changed
Revenue was $1.1B in Q2 2026, down 4% year over year and up 1% from the previous quarter.
Gross margin was 57.3%, up 11.7 points from Q2 2025. Operating profit was $0.45B, a 42.6% margin (up 9.7 points year over year). Operating expenses grew 12% against a revenue fall of 4%. The fastest-growing cost line was Research & development (+40%). Net earnings were $0.42B, up 24% year over year. The effective tax rate was 8.0%.
Operating cash flow was −$0.14B. Non-cash charges added back $0.15B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.72B. Capital expenditures of $0.16B exceeded it, leaving free cash flow of −$0.31B.
Questions
What was First Solar's revenue in the second quarter 2026?
First Solar (FSLR) reported revenue of $1.1B for the second quarter 2026 (Q2 2026), -4% from a year earlier and +1% from the quarter before.
Was First Solar profitable in the second quarter 2026?
Operating profit was $450M (42.6% of revenue) and net earnings $423M.
Source: First Solar 10-Q on SEC EDGAR.