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

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

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

First Solar's Cost of Revenue history runs 18 years deep, the most recent figure standing at $558.1 million for Q1 2026.

  • Quarterly Cost of Revenue rose 11.58% year-over-year to $558.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.2 billion (up 31.51% YoY) and the FY2025 annual result came in at $3.1 billion, up 31.96% from the prior year.
  • Cost of Revenue was $558.1 million for Q1 2026 at First Solar, down from $1.0 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $1.0 billion in Q4 2025 and bottomed at $355.6 million in Q1 2022.
  • A 5-year average of $621.9 million and a median of $558.1 million in 2026 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2022 — Cost of Revenue plunged 42.52% — and 2025, when it jumped 122.47%.
  • First Solar's Cost of Revenue stood at $941.8 million in 2022, then tumbled by 30.29% to $656.5 million in 2023, then surged by 44.15% to $946.4 million in 2024, then advanced by 7.51% to $1.0 billion in 2025, then sank by 45.15% to $558.1 million in 2026.
  • Business Quant data shows FSLR's Cost of Revenue at $558.1 million in Q1 2026, $1.0 billion in Q4 2025, and $984.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 558.11 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 583.14 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 182.51 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn 1.63 Bn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn 242.22 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 314.74 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 99.55 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 1.09 Bn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 160.41 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 95.01 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