First Solar (FSLR) Operating Expenses (2009 - 2026)
First Solar's (FSLR) quarterly Operating Expenses came in at $154.6 million in Q2 2026, up 11.85% YoY from $138.2 million in Q2 2025, and up 9.79% on a QoQ basis from $140.8 million in Q1 2026.
First Solar (FSLR) Operating Expenses (2009 - 2026) Analysis & Trends
First Solar (FSLR) has 18 years of Operating Expenses data on file, last reported at $154.6 million in Q2 2026.
- Quarterly Operating Expenses rose 11.85% year-over-year to $154.6 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $557.5 million (up 12.49% YoY) and the FY2025 annual result came in at $523.5 million, up 12.68% from the prior year.
- Operating Expenses advanced to $154.6 million in Q2 2026, from $140.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $154.6 million in Q2 2026 to a low of $71.2 million in Q1 2022.
- A 5-year average of $115.8 million and a median of $114.2 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses fell 14.57% — and 2023, when it soared 83.62%.
- Tracing FSLR's Operating Expenses over 5 years: 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 surged by 31.68% to $154.6 million in 2026.
- The last three Operating Expenses figures came in at $154.6 million (Q2 2026), $140.8 million (Q1 2026), and $117.4 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.73 Bn | 22.00 Bn | 605.00 Mn | 154.62 Mn |
| 2 | Nextpower | 13.45 Bn | 12.24 Bn | 335.85 Mn | 144.95 Mn |
| 3 | Enphase Energy | 5.23 Bn | 4.30 Bn | 175.01 Mn | 123.50 Mn |
| 4 | Sunrun | 2.25 Bn | 2.25 Bn | 527.54 Mn | 835.20 Mn |
| 5 | Solaredge Technologies | 1.94 Bn | 1.36 Bn | 95.15 Mn | 111.20 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 30.80 Mn |
| 7 | Canadian Solar | 1.02 Bn | -572.71 Mn | 124.40 Mn | 188.46 Mn |
| 8 | JinkoSolar Holding | 858.35 Mn | -2.45 Bn | 147.66 Mn | -232.93 Mn |
| 9 | Array Technologies | 736.25 Mn | 428.95 Mn | 99.60 Mn | 64.84 Mn |
| 10 | Toyo | 180.11 Mn | 103.46 Mn | 47.76 Mn | -11.49 Mn |
Historic Data
Download 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 |