First Solar (FSLR) Cost of Revenue (2009 - 2026)

First Solar (FSLR) reported Cost of Revenue of $558.1 million for Q1 2026, up 11.58% on a YoY basis from $500.2 million in Q1 2025, and down 45.15% quarter-over-quarter from $1.0 billion in Q4 2025.

First Solar (FSLR) Cost of Revenue (2009 - 2026) Analysis & Trends

First Solar has reported Cost of Revenue for 18 years, with the latest figure at $558.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 11.58% year-over-year to $558.1 million; the trailing twelve-month figure through Mar 2026 stood at $3.2 billion (up 31.51% YoY), and the FY2025 full-year result was $3.1 billion, up 31.96% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $558.1 million, down from $1.0 billion in the prior quarter.
  • The five-year high for Cost of Revenue was $1.0 billion in Q4 2025, with the low at $355.6 million in Q1 2022.
  • Historically, Cost of Revenue has averaged $621.9 million across 5 years, with a median of $558.1 million in 2026.
  • Annual changes were most pronounced in 2022 — Cost of Revenue sank 42.52% — and 2025, when it jumped 122.47%.
  • First Solar's Cost of Revenue stood at $941.8 million in 2022, then sank by 30.29% to $656.5 million in 2023, then soared by 44.15% to $946.4 million in 2024, then rose by 7.51% to $1.0 billion in 2025, then tumbled by 45.15% to $558.1 million in 2026.
  • The last three Cost of Revenue figures came in at $558.1 million (Q1 2026), $1.0 billion (Q4 2025), and $984.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 558.11 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 583.14 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 48.09 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 242.22 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 178.53 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 99.55 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 160.41 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 1.63 Bn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 14.40 Mn
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 558.11 Mn
Mar 31, 2026 558.11 Mn
Dec 31, 2025 1.02 Bn
Dec 31, 2025 1.02 Bn
Sep 30, 2025 984.11 Mn
Sep 30, 2025 984.11 Mn
Jun 30, 2025 597.32 Mn
Jun 30, 2025 597.32 Mn
Mar 31, 2025 500.17 Mn
Mar 31, 2025 500.17 Mn
Dec 31, 2024 946.37 Mn
Dec 31, 2024 946.37 Mn
Sep 30, 2024 442.36 Mn
Sep 30, 2024 442.36 Mn
Jun 30, 2024 511.59 Mn
Jun 30, 2024 511.59 Mn
Mar 31, 2024 448.11 Mn
Mar 31, 2024 448.11 Mn
Dec 31, 2023 656.52 Mn
Dec 31, 2023 656.52 Mn