First Solar (FSLR) Operating Expenses (2009 - 2026)

First Solar (FSLR) posted Operating Expenses of $140.8 million for Q1 2026, up 19.93% on a QoQ basis from $117.4 million in Q4 2025, and up 14.35% year-over-year from $123.2 million in Q1 2025.

First Solar (FSLR) Operating Expenses (2009 - 2026) Analysis & Trends

First Solar's Operating Expenses history runs 18 years deep, the most recent figure standing at $140.8 million for Q1 2026.

  • Quarterly Operating Expenses rose 14.35% year-over-year to $140.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $541.1 million (up 11.87% YoY) and the FY2025 annual result came in at $523.5 million, up 12.68% from the prior year.
  • Operating Expenses was $140.8 million for Q1 2026 at First Solar, up from $117.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $144.6 million in Q3 2025 and bottomed at $71.2 million in Q1 2022.
  • A 5-year average of $113.5 million and a median of $110.9 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses slipped 14.57% — and 2023, when it soared 83.62%.
  • First Solar's Operating Expenses stood at $106.8 million in 2022, then advanced by 3.79% to $110.8 million in 2023, then grew by 0.08% to $110.9 million in 2024, then climbed by 5.89% to $117.4 million in 2025, then advanced by 19.93% to $140.8 million in 2026.
  • Business Quant data shows FSLR's Operating Expenses at $140.8 million in Q1 2026, $117.4 million in Q4 2025, and $144.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 140.83 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 143.79 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 130.04 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -232.93 Mn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn 123.32 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 765.74 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 33.29 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 188.46 Mn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 55.90 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn -11.49 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 140.83 Mn
Dec 31, 2025 117.42 Mn
Sep 30, 2025 144.65 Mn
Jun 30, 2025 138.24 Mn
Mar 31, 2025 123.16 Mn
Dec 31, 2024 110.89 Mn
Sep 30, 2024 123.31 Mn
Jun 30, 2024 126.38 Mn
Mar 31, 2024 103.98 Mn
Dec 31, 2023 110.80 Mn
Sep 30, 2023 103.42 Mn
Jun 30, 2023 142.04 Mn
Mar 31, 2023 94.03 Mn
Dec 31, 2022 106.76 Mn
Sep 30, 2022 95.32 Mn
Jun 30, 2022 77.35 Mn
Mar 31, 2022 71.17 Mn
Dec 31, 2021 73.33 Mn
Sep 30, 2021 71.85 Mn
Jun 30, 2021 62.00 Mn