FSLR · 8-K · 20261029PR000211
Gross Margin Drivers
FIRST SOLAR, INC. · 2026-10-29 · Importance 63 · Surprise 64 · From source text
Third-quarter gross profit increased to $713.1 million from $610.7 million year over year, while net sales declined 23% to $1.231 billion. Gross margin consequently rose to approximately 58.0% from 38.3%, an increase of about 19.7 percentage points. Cost of sales fell to $517.9 million from $984.1 million; the release did not identify a specific cause for the margin expansion.
Key facts
- First Solar Q3 2026 Adjusted EBITDA was $744 million, compared with $671 million in Q3 2025. source
- First Solar's Q3 2026 gross profit was $713.060 million, compared with $610.745 million in Q3 2025. source
- First Solar's Q3 2026 Adjusted EBITDA margin was 60%, compared with 42% in Q3 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +8.3% | First Solar's Q3 2026 gross profit was $713.060 million, compared with $610.745 million in Q3 2025. |
| operating_income | positive | realized | +5.9% | First Solar Q3 2026 Adjusted EBITDA was $744 million, compared with $671 million in Q3 2025. |