Filing Flows › First Solar (FSLR) › How it makes money
How First Solar (FSLR) makes money
First Solar (FSLR) made $1.2B of revenue in the third quarter 2026 (Q3 2026), -23% from a year earlier. Of every dollar of revenue, 58¢ was left as gross profit, 44¢ was left as operating profit, 46¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.2B | 100.0% |
| Cost of revenue | $518M | 42.1% |
| Gross profit | $713M | 57.9% |
| Operating expenses | $167M | 13.6% |
| Operating profit | $546M | 44.4% |
| Net earnings | $571M | 46.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.2B | -23% |
| Q2 2026 | $1.1B | -4% |
| Q1 2026 | $1.0B | +24% |
| Q4 2025 | $1.7B | +11% |
| Q3 2025 | $1.6B | +80% |
| Q2 2025 | $1.1B | +9% |
| Q1 2025 | $845M | +6% |
From First Solar's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does First Solar make money?
First Solar (FSLR) made $1.2B of revenue in the third quarter 2026 (Q3 2026), -23% from a year earlier. Of every dollar of revenue, 58¢ was left as gross profit, 44¢ was left as operating profit, 46¢ was left as net earnings.
What is First Solar's profit margin?
Net earnings were $571M, 46.4% of revenue, in the third quarter 2026; the operating margin was 44.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.