How does First Solar (FSLR) make money?

First Solar (FSLR) generates revenue primarily from Solar Module, which accounted for 100% of total revenue in TTM through Q1 2026. The company reported $5.42B in revenue and converted 30.7% of it into net profit, equivalent to roughly $1.67B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of First Solar (FSLR)?

First Solar (FSLR) reported a gross profit margin of 41.7% in TTM through Q1 2026, equivalent to $2.26B in gross profit on $5.42B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of First Solar (FSLR)?

First Solar (FSLR) reported an operating profit margin of 33.2% in TTM through Q1 2026, equivalent to $1.80B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of First Solar (FSLR)?

First Solar (FSLR) reported a net profit margin of 30.7% in TTM through Q1 2026, equivalent to $1.67B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is First Solar (FSLR) profitable?

Yes. First Solar (FSLR) reported $1.67B in net income for TTM through Q1 2026, with a net profit margin of 30.7%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does First Solar (FSLR) invest in research and development?

First Solar (FSLR) invested $247.98M in research and development during TTM through Q1 2026, roughly 4.6% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does First Solar (FSLR) spend on capital expenditures?

First Solar (FSLR) spent $782.44M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 14.4% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does First Solar (FSLR) generate?

First Solar (FSLR) generated $1.67B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 30.8%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of First Solar (FSLR)?

First Solar (FSLR) had an effective tax rate of 3.1% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

How First Solar Makes Money: 2026 Visual Revenue Map

First Solar (FSLR) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 30, 2026).

First Solar discloses geographic revenue only in annual filings. to view the full breakdown.

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