First Solar FSLR
NASDAQ FSLR
$203.01 -10.24 (-4.80%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

First Solar's (FSLR) quarterly Cost of Revenue came in at $451.2 million in Q2 2026, down 24.46% on a YoY basis from $597.3 million in Q2 2025, and down 19.16% quarter-over-quarter from $558.1 million in Q1 2026.

Analysis

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

First Solar (FSLR) has reported Cost of Revenue for 18 consecutive years, with $451.2 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Cost of Revenue fell 24.46% year-over-year to $451.2 million; the trailing twelve-month figure through Jun 2026 stood at $3.0 billion (up 21.1% YoY), and the FY2025 full-year result was $3.1 billion, up 31.96% from the prior year.
  • Cost of Revenue fell to $451.2 million in Q2 2026 per FSLR's latest filing, from $558.1 million 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.
  • Historically, Cost of Revenue has averaged $612.5 million across 5 years, with a median of $534.9 million in 2024.
  • The sharpest annual moves came in 2022 and 2025: Cost of Revenue slumped 42.52% in 2022, then surged 122.47% in 2025.
  • Over 5 years, 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 tumbled by 55.65% to $451.2 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $451.2 million, $558.1 million, and $1.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 First Solar 21.97 Bn 20.25 Bn 605.00 Mn 451.19 Mn
2 Nextpower 12.81 Bn 11.60 Bn 335.85 Mn 599.32 Mn
3 Enphase Energy 4.81 Bn 3.87 Bn 175.01 Mn 116.84 Mn
4 Solaredge Technologies 2.10 Bn 1.52 Bn 95.15 Mn 251.09 Mn
5 T1 Energy 1.29 Bn 1.14 Bn 49.10 Mn 201.03 Mn
6 Shoals Technologies 1.20 Bn 1.18 Bn 49.53 Mn 113.85 Mn
7 Canadian Solar 896.45 Mn 597.20 Mn 168.48 Mn 1.04 Bn
8 Array Technologies 708.44 Mn 401.13 Mn 99.60 Mn 242.46 Mn
9 JinkoSolar Holding 627.24 Mn -480.04 Mn 75.62 Mn 1.75 Bn
10 Toyo 133.94 Mn 23.90 Mn 36.97 Mn 81.22 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 451.19 Mn
Mar 31, 2026 558.11 Mn
Dec 31, 2025 1.02 Bn
Sep 30, 2025 984.11 Mn
Jun 30, 2025 597.32 Mn
Mar 31, 2025 500.17 Mn
Dec 31, 2024 946.37 Mn
Sep 30, 2024 442.36 Mn
Jun 30, 2024 511.59 Mn
Mar 31, 2024 448.11 Mn
Dec 31, 2023 656.52 Mn
Sep 30, 2023 424.92 Mn
Jun 30, 2023 500.25 Mn
Mar 31, 2023 436.24 Mn
Dec 31, 2022 941.78 Mn
Sep 30, 2022 607.95 Mn
Jun 30, 2022 644.16 Mn
Mar 31, 2022 355.58 Mn
Dec 31, 2021 660.83 Mn
Sep 30, 2021 458.92 Mn