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% on a YoY basis from $138.2 million in Q2 2025, and up 9.79% quarter-over-quarter from $140.8 million in Q1 2026.
Analysis
First Solar (FSLR) Operating Expenses (2009 - 2026) Analysis & Trends
First Solar (FSLR) has reported Operating Expenses for 18 consecutive years, with $154.6 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 11.85% year-over-year to $154.6 million; the trailing twelve-month figure through Jun 2026 stood at $557.5 million (up 12.49% YoY), and the FY2025 full-year result was $523.5 million, up 12.68% from the prior year.
- Operating Expenses rose to $154.6 million in Q2 2026 per FSLR's latest filing, from $140.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $154.6 million in Q2 2026 and bottomed at $71.2 million in Q1 2022.
- Historically, Operating Expenses has averaged $115.8 million across 5 years, with a median of $114.2 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses retreated 14.57% in 2022, then jumped 83.62% in 2023.
- Over 5 years, 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 jumped by 31.68% to $154.6 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $154.6 million, $140.8 million, and $117.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 154.62 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 144.95 Mn |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 123.50 Mn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | 111.20 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 71.88 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 30.80 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 239.53 Mn |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 64.84 Mn |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | -287.32 Mn |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | -14.41 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 |