First Solar (FSLR) Operating Expenses (2009 - 2026)
First Solar (FSLR) posted Operating Expenses of $154.62 million for Q2 2026, up 11.8% from $138.24 million a year earlier and up 9.8% from the prior quarter.
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Analysis
First Solar (FSLR) Operating Expenses (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at First Solar was $557.52 million, up 12.5% year-over-year; for FY2025, it was $523.48 million, up 12.7% from FY2024.
- Annual Operating Expenses has increased for four consecutive years, with a five-year compound annual growth rate of 7.6% (FY2020 to FY2025).
- In prior years, First Solar's Operating Expenses was $464.56 million in FY2024 (+3.2%), $450.3 million in FY2023 (+28.4%), $350.61 million in FY2022 (+20.7%) and $290.49 million in FY2021 (-20.0%).
- The Q2 2026 figure stands as the highest quarterly Operating Expenses since Q4 2019.
- On a year-over-year basis, Operating Expenses has increased in each of the last eight quarters, with growth averaging 12.1% over the last eight quarters.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q2 2023, with growth of 83.6%; the weakest was Q4 2021, with a decline of 28.2%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $140.83 million (Q1 2026), $117.42 million (Q4 2025) and $144.65 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 1.71 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 173.34 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 154.62 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 811.92 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 311.38 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 144.95 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 151.24 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 123.50 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 115.20 Mn |
| 10 | Nuscale Power | 3.24 Bn | 3.19 Bn | -152,000.00 | 45.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 154.62 Mn |
| 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 |
API Access
First Solar Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "FSLR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();