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

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

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

First Solar has reported Operating Expenses for 18 years, with the latest figure at $140.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 14.35% year-over-year to $140.8 million; the trailing twelve-month figure through Mar 2026 stood at $541.1 million (up 11.87% YoY), and the FY2025 full-year result was $523.5 million, up 12.68% from the prior year.
  • Operating Expenses for Q1 2026 stood at $140.8 million, up from $117.4 million in the prior quarter.
  • The five-year high for Operating Expenses was $144.6 million in Q3 2025, with the low at $71.2 million in Q1 2022.
  • Historically, Operating Expenses has averaged $113.5 million across 5 years, with a median of $110.9 million in 2024.
  • Annual changes were most pronounced in 2022 — Operating Expenses fell 14.57% — and 2023, when it soared 83.62%.
  • First Solar's Operating Expenses stood at $106.8 million in 2022, then rose by 3.79% to $110.8 million in 2023, then advanced by 0.08% to $110.9 million in 2024, then gained by 5.89% to $117.4 million in 2025, then rose by 19.93% to $140.8 million in 2026.
  • The last three Operating Expenses figures came in at $140.8 million (Q1 2026), $117.4 million (Q4 2025), and $144.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 140.83 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 143.79 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 130.04 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 123.32 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 765.74 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 33.29 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 55.90 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -232.93 Mn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 13.20 Mn
10 Skycorp Solar 110.38 Mn 103.60 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