First Solar annual gross margin
2008
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2015
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2021
2022
2023
2024
2025
First Solar Gross Margin Growth & History (FSLR)
First Solar's gross margin was 40.62% for fiscal 2025.
View full First Solar company overviewFirst Solar annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 40.62% | −3.54 pp |
| 2024 | 2024-12-31 | 44.17% | +4.98 pp |
| 2023 | 2023-12-31 | 39.19% | +36.53 pp |
| 2022 | 2022-12-31 | 2.67% | −22.30 pp |
| 2021 | 2021-12-31 | 24.97% | −0.14 pp |
| 2020 | 2020-12-31 | 25.10% | +7.17 pp |
| 2019 | 2019-12-31 | 17.93% | +0.45 pp |
| 2018 | 2018-12-31 | 17.48% | −1.19 pp |
| 2017 | 2017-12-31 | 18.66% | −3.32 pp |
| 2016 | 2016-12-31 | 21.98% | −5.56 pp |
| 2015 | 2015-12-31 | 27.54% | +3.22 pp |
| 2014 | 2014-12-31 | 24.33% | −1.80 pp |
| 2013 | 2013-12-31 | 26.12% | +0.81 pp |
| 2012 | 2012-12-31 | 25.32% | −9.81 pp |
| 2011 | 2011-12-31 | 35.13% | −11.09 pp |
| 2010 | 2010-12-31 | 46.22% | −4.34 pp |
| 2009 | 2009-12-26 | 50.56% | −3.88 pp |
| 2008 | 2008-12-27 | 54.43% | — |
First Solar quarterly gross margin
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Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 57.28% | +11.72 pp |
| Q1 2026 | 2026-03-31 | 46.55% | +5.77 pp |
| Q4 2025 | 2025-12-31 | 39.54% | +2.04 pp |
| Q3 2025 | 2025-09-30 | 38.29% | −11.87 pp |
| Q2 2025 | 2025-06-30 | 45.56% | −3.81 pp |
| Q1 2025 | 2025-03-31 | 40.78% | −2.79 pp |
| Q4 2024 | 2024-12-31 | 37.49% | −5.84 pp |
| Q3 2024 | 2024-09-30 | 50.17% | +3.21 pp |
| Q2 2024 | 2024-06-30 | 49.37% | +11.08 pp |
| Q1 2024 | 2024-03-31 | 43.57% | +23.13 pp |
| Q4 2023 | 2023-12-31 | 43.33% | +37.29 pp |
| Q3 2023 | 2023-09-30 | 46.96% | +43.62 pp |
| Q2 2023 | 2023-06-30 | 38.29% | +42.03 pp |
| Q1 2023 | 2023-03-31 | 20.44% | +17.31 pp |
| Q4 2022 | 2022-12-31 | 6.05% | −21.12 pp |
| Q3 2022 | 2022-09-30 | 3.34% | −18.01 pp |
| Q2 2022 | 2022-06-30 | −3.74% | −31.41 pp |
| Q1 2022 | 2022-03-31 | 3.12% | −19.88 pp |
| Q4 2021 | 2021-12-31 | 27.17% | +0.93 pp |
| Q3 2021 | 2021-09-30 | 21.35% | −10.24 pp |
| Q2 2021 | 2021-06-30 | 27.67% | +6.28 pp |
| Q1 2021 | 2021-03-31 | 23.00% | +6.02 pp |
| Q4 2020 | 2020-12-31 | 26.24% | +2.40 pp |
| Q3 2020 | 2020-09-30 | 31.59% | +6.29 pp |
| Q2 2020 | 2020-06-30 | 21.40% | +8.20 pp |
| Q1 2020 | 2020-03-31 | 16.98% | +16.96 pp |
| Q4 2019 | 2019-12-31 | 23.84% | +9.61 pp |
| Q3 2019 | 2019-09-30 | 25.30% | +6.21 pp |
| Q2 2019 | 2019-06-30 | 13.19% | +15.80 pp |
| Q1 2019 | 2019-03-31 | 0.02% | −30.44 pp |
| Q4 2018 | 2018-12-31 | 14.22% | −4.08 pp |
| Q3 2018 | 2018-09-30 | 19.10% | −7.75 pp |
| Q2 2018 | 2018-06-30 | −2.61% | −20.40 pp |
| Q1 2018 | 2018-03-31 | 30.46% | +21.02 pp |
| Q4 2017 | 2017-12-31 | 18.30% | +15.93 pp |
| Q3 2017 | 2017-09-30 | 26.84% | +1.76 pp |
| Q2 2017 | 2017-06-30 | 17.79% | −0.12 pp |
| Q1 2017 | 2017-03-31 | 9.44% | −22.25 pp |
| Q4 2016 | 2016-12-31 | 2.37% | −27.77 pp |
| Q3 2016 | 2016-09-30 | 25.09% | −13.02 pp |
| Q2 2016 | 2016-06-30 | 17.91% | −0.44 pp |
| Q1 2016 | 2016-03-31 | 31.69% | +23.38 pp |
| Q4 2015 | 2015-12-31 | 30.14% | −0.27 pp |
| Q3 2015 | 2015-09-30 | 38.10% | +16.83 pp |
| Q2 2015 | 2015-06-30 | 18.35% | +1.32 pp |
| Q1 2015 | 2015-03-31 | 8.31% | −16.60 pp |
| Q4 2014 | 2014-12-31 | 30.42% | +5.56 pp |
| Q3 2014 | 2014-09-30 | 21.27% | −7.49 pp |
| Q2 2014 | 2014-06-30 | 17.03% | −9.92 pp |
| Q1 2014 | 2014-03-31 | 24.91% | +2.49 pp |
| Q4 2013 | 2013-12-31 | 24.86% | −2.45 pp |
| Q3 2013 | 2013-09-30 | 28.76% | +0.32 pp |
| Q2 2013 | 2013-06-30 | 26.95% | +1.49 pp |
| Q1 2013 | 2013-03-31 | 22.42% | +6.98 pp |
| Q4 2012 | 2012-12-31 | 27.31% | +6.39 pp |
| Q3 2012 | 2012-09-30 | 28.45% | −9.25 pp |
| Q2 2012 | 2012-06-30 | 25.46% | −11.10 pp |
| Q1 2012 | 2012-03-31 | 15.44% | −30.33 pp |
| Q4 2011 | 2011-12-31 | 20.92% | −27.74 pp |
| Q3 2011 | 2011-09-30 | 37.70% | −2.64 pp |
| Q2 2011 | 2011-06-30 | 36.56% | −11.78 pp |
| Q1 2011 | 2011-03-31 | 45.77% | −3.88 pp |
| Q4 2010 | 2010-12-31 | 48.66% | — |
| Q3 2010 | 2010-09-25 | 40.34% | — |
| Q2 2010 | 2010-06-26 | 48.34% | — |
| Q1 2010 | 2010-03-27 | 49.66% | — |
First Solar gross margin trends
Over the last five reported fiscal years, First Solar's gross margin increased from 25.10% to 40.62%, a change of +15.52 percentage points. The latest reported quarter, Q2 2026, shows 57.28%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review First Solar filings at SEC.gov ↗