First Solar annual operating margin
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
First Solar Operating Margin Growth & History (FSLR)
First Solar's operating margin was 30.59% for fiscal 2025.
View full First Solar company overviewFirst Solar annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 30.59% | −2.56 pp |
| 2024 | 2024-12-31 | 33.15% | +7.32 pp |
| 2023 | 2023-12-31 | 25.83% | +26.87 pp |
| 2022 | 2022-12-31 | −1.04% | −21.11 pp |
| 2021 | 2021-12-31 | 20.07% | +8.36 pp |
| 2020 | 2020-12-31 | 11.71% | +16.99 pp |
| 2019 | 2019-12-31 | −5.28% | −7.07 pp |
| 2018 | 2018-12-31 | 1.79% | −4.26 pp |
| 2017 | 2017-12-31 | 6.05% | +25.61 pp |
| 2016 | 2016-12-31 | −19.56% | −37.31 pp |
| 2015 | 2015-12-31 | 17.75% | +5.31 pp |
| 2014 | 2014-12-31 | 12.44% | +1.25 pp |
| 2013 | 2013-12-31 | 11.19% | +12.31 pp |
| 2012 | 2012-12-31 | −1.12% | +1.37 pp |
| 2011 | 2011-12-31 | −2.48% | −31.70 pp |
| 2010 | 2010-12-31 | 29.21% | −3.68 pp |
| 2009 | 2009-12-26 | 32.89% | −2.28 pp |
| 2008 | 2008-12-27 | 35.17% | +7.95 pp |
| 2007 | 2007-12-29 | 27.22% | — |
First Solar quarterly operating margin
Q2.08
Q3.08
Q1.09
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 42.64% | +9.68 pp |
| Q1 2026 | 2026-03-31 | 33.07% | +6.87 pp |
| Q4 2025 | 2025-12-31 | 32.56% | +2.39 pp |
| Q3 2025 | 2025-09-30 | 29.22% | −7.05 pp |
| Q2 2025 | 2025-06-30 | 32.96% | −3.91 pp |
| Q1 2025 | 2025-03-31 | 26.20% | −4.42 pp |
| Q4 2024 | 2024-12-31 | 30.17% | −4.17 pp |
| Q3 2024 | 2024-09-30 | 36.27% | +2.20 pp |
| Q2 2024 | 2024-06-30 | 36.86% | +16.08 pp |
| Q1 2024 | 2024-03-31 | 30.62% | +27.33 pp |
| Q4 2023 | 2023-12-31 | 34.33% | +38.91 pp |
| Q3 2023 | 2023-09-30 | 34.07% | +44.94 pp |
| Q2 2023 | 2023-06-30 | 20.79% | −2.54 pp |
| Q1 2023 | 2023-03-31 | 3.28% | +19.03 pp |
| Q4 2022 | 2022-12-31 | −4.58% | −23.66 pp |
| Q3 2022 | 2022-09-30 | −10.87% | −19.59 pp |
| Q2 2022 | 2022-06-30 | 23.32% | +5.78 pp |
| Q1 2022 | 2022-03-31 | −15.75% | −47.16 pp |
| Q4 2021 | 2021-12-31 | 19.08% | +9.60 pp |
| Q3 2021 | 2021-09-30 | 8.72% | −13.62 pp |
| Q2 2021 | 2021-06-30 | 17.54% | +9.62 pp |
| Q1 2021 | 2021-03-31 | 31.41% | +31.10 pp |
| Q4 2020 | 2020-12-31 | 9.48% | +17.91 pp |
| Q3 2020 | 2020-09-30 | 22.33% | +14.78 pp |
| Q2 2020 | 2020-06-30 | 7.92% | +9.39 pp |
| Q1 2020 | 2020-03-31 | 0.31% | +14.72 pp |
| Q4 2019 | 2019-12-31 | −8.42% | −10.02 pp |
| Q3 2019 | 2019-09-30 | 7.55% | −1.09 pp |
| Q2 2019 | 2019-06-30 | −1.47% | +32.04 pp |
| Q1 2019 | 2019-03-31 | −14.41% | −27.50 pp |
| Q4 2018 | 2018-12-31 | 1.59% | +11.93 pp |
| Q3 2018 | 2018-09-30 | 8.65% | −10.39 pp |
| Q2 2018 | 2018-06-30 | −33.50% | −35.74 pp |
| Q1 2018 | 2018-03-31 | 13.09% | +13.99 pp |
| Q4 2017 | 2017-12-31 | −10.34% | +237.90 pp |
| Q3 2017 | 2017-09-30 | 19.04% | +8.28 pp |
| Q2 2017 | 2017-06-30 | 2.23% | +2.26 pp |
| Q1 2017 | 2017-03-31 | −0.90% | −21.43 pp |
| Q4 2016 | 2016-12-31 | −248.24% | −271.63 pp |
| Q3 2016 | 2016-09-30 | 10.76% | −20.53 pp |
| Q2 2016 | 2016-06-30 | −0.02% | −6.40 pp |
| Q1 2016 | 2016-03-31 | 20.54% | +35.48 pp |
| Q4 2015 | 2015-12-31 | 23.40% | +3.83 pp |
| Q3 2015 | 2015-09-30 | 31.29% | +21.87 pp |
| Q2 2015 | 2015-06-30 | 6.37% | +6.02 pp |
| Q1 2015 | 2015-03-31 | −14.94% | −29.60 pp |
| Q4 2014 | 2014-12-31 | 19.57% | +11.48 pp |
| Q3 2014 | 2014-09-30 | 9.42% | −7.01 pp |
| Q2 2014 | 2014-06-30 | 0.35% | −7.17 pp |
| Q1 2014 | 2014-03-31 | 14.66% | +6.55 pp |
| Q4 2013 | 2013-12-31 | 8.09% | −7.91 pp |
| Q3 2013 | 2013-09-30 | 16.43% | +3.67 pp |
| Q2 2013 | 2013-06-30 | 7.52% | −7.07 pp |
| Q1 2013 | 2013-03-31 | 8.10% | +99.90 pp |
| Q4 2012 | 2012-12-31 | 16.00% | +89.50 pp |
| Q3 2012 | 2012-09-30 | 12.76% | −9.39 pp |
| Q2 2012 | 2012-06-30 | 14.59% | +2.48 pp |
| Q1 2012 | 2012-03-31 | −91.80% | −114.60 pp |
| Q4 2011 | 2011-12-31 | −73.49% | −100.66 pp |
| Q3 2011 | 2011-09-30 | 22.15% | −4.38 pp |
| Q2 2011 | 2011-06-30 | 12.11% | −18.59 pp |
| Q1 2011 | 2011-03-31 | 22.81% | −10.85 pp |
| Q4 2010 | 2010-12-31 | 27.16% | +4.60 pp |
| Q3 2010 | 2010-09-25 | 26.52% | −7.33 pp |
| Q2 2010 | 2010-06-26 | 30.70% | −8.10 pp |
| Q1 2010 | 2010-03-27 | 33.65% | −6.53 pp |
| Q4 2009 | 2009-12-26 | 22.57% | — |
| Q3 2009 | 2009-09-26 | 33.85% | −3.47 pp |
| Q2 2009 | 2009-06-27 | 38.80% | +5.57 pp |
| Q1 2009 | 2009-03-28 | 40.18% | — |
| Q3 2008 | 2008-09-27 | 37.33% | — |
| Q2 2008 | 2008-06-28 | 33.23% | — |
First Solar operating margin trends
Over the last five fiscal years, First Solar's operating margin increased from 11.71% to 30.59%, a change of +18.89 percentage points. The latest reported quarter, Q2 2026, shows 42.64%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 source filings ↗Community posts
First Solar shifts patent enforcement away from trade commission case
First Solar ($FSLR) said it intends to withdraw its TOPCon patent complaint at the US International Trade Commission without prejudice and seek termination of the associated investigation. The company plans to continue pursuing its pending ...
