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| Date | Value |
|---|---|
| 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 |