Filing Flows › First Solar (FSLR) › Q3 2026
First Solar (FSLR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
First Solar (FSLR) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), -23% from a year earlier and +17% from the quarter before. Operating margin was 44.4%, net earnings $571M (46.4% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +17% | -23% |
| Gross profit | $713M | +18% | +17% |
| Operating profit | $546M | +21% | +17% |
| Net earnings | $571M | +35% | +25% |
| Operating cash flow | −$42.9M | — | -103% |
What changed
Revenue was $1.2B in Q3 2026, down 23% year over year and up 17% from the previous quarter.
Gross margin was 57.9%, up 19.6 points from Q3 2025. Operating profit was $0.55B, a 44.4% margin (up 15.1 points year over year). Operating expenses grew 15% against a revenue fall of 23%. The fastest-growing cost line was SG&A (+38%). Net earnings were $0.57B, up 25% year over year. The effective tax rate was -0.9%.
Operating cash flow was −$0.04B. Non-cash charges added back $0.15B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.77B. Capital expenditures of $0.15B exceeded it, leaving free cash flow of −$0.20B.
Questions
What was First Solar's revenue in the third quarter 2026?
First Solar (FSLR) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), -23% from a year earlier and +17% from the quarter before.
Was First Solar profitable in the third quarter 2026?
Operating profit was $546M (44.4% of revenue) and net earnings $571M.
Source: First Solar 10-Q on SEC EDGAR.