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First Solar vs Nextpower: FSLR and NXT compared

First Solar is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $1.1B for Nextpower (Q2 FY27). Nextpower is growing faster (+22% against -23% a year earlier). First Solar is more profitable, with an operating margin of 44.4% against 18.7%.

Where the money goes: FSLR and NXT

First Solar (FSLR) · Q3 2026

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.

Nextpower (NXT) · Q2 FY27

Nextpower, Q2 FY27: revenue $1.1B (+22% year over year), operating margin 18.7%, net earnings $165M, operating cash flow $158M. The chart follows the revenue to costs, profit and cash.

	First Solar (FSLR)	Nextpower (NXT)
Latest quarter	Q3 2026	Q2 FY27
Revenue	$1.2B	$1.1B
Revenue growth, Y/Y	-23%	+22%
Gross margin	57.9%	31.1%
Operating margin	44.4%	18.7%
Net earnings	$571M	$165M
Net margin	46.4%	14.9%
Operating cash flow	−$42.9M	$158M
Free cash flow	—	$135M
Market value	$21.7B	$16.1B
P/E	11.6×	26.4×
Analysts’ mean target	$254.71	$127.21

Questions

Which is bigger, First Solar or Nextpower?

First Solar is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $1.1B for Nextpower (Q2 FY27).

Is First Solar or Nextpower growing faster?

Nextpower is growing faster (+22% against -23% a year earlier).

Which is more profitable, First Solar or Nextpower?

First Solar is more profitable, with an operating margin of 44.4% against 18.7%.

More: First Solar earnings · how First Solar makes money · Nextpower earnings · how Nextpower makes money

From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.