First Solar (FSLR) Research & Development (2009 - 2026)
First Solar's (FSLR) quarterly Research & Development came in at $76.2 million in Q2 2026, up 39.93% YoY from $54.5 million in Q2 2025, and up 13.89% on a QoQ basis from $66.9 million in Q1 2026.
First Solar (FSLR) Research & Development (2009 - 2026) Analysis & Trends
First Solar (FSLR) has 18 years of Research & Development data on file, last reported at $76.2 million in Q2 2026.
- Quarterly Research & Development rose 39.93% year-over-year to $76.2 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $269.7 million (up 32.5% YoY) and the FY2025 annual result came in at $233.4 million, up 21.97% from the prior year.
- Research & Development climbed to $76.2 million in Q2 2026, from $66.9 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $76.2 million in Q2 2026 to a low of $25.2 million in Q2 2022.
- A 5-year average of $46.3 million and a median of $45.2 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development increased 4.7% — and 2023, when it jumped 45.65%.
- Tracing FSLR's Research & Development over 5 years: stood at $31.3 million in 2022, then surged by 40.21% to $43.9 million in 2023, then climbed by 6.01% to $46.5 million in 2024, then surged by 41.84% to $66.0 million in 2025, then rose by 15.6% to $76.2 million in 2026.
- The last three Research & Development figures came in at $76.2 million (Q2 2026), $66.9 million (Q1 2026), and $66.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 76.24 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 44.51 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 45.66 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 190.68 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 52.75 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 81.05 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -33.12 Mn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | - |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | -2.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 76.24 Mn |
| Mar 31, 2026 | 66.94 Mn |
| Dec 31, 2025 | 65.95 Mn |
| Sep 30, 2025 | 60.59 Mn |
| Jun 30, 2025 | 54.49 Mn |
| Mar 31, 2025 | 52.39 Mn |
| Dec 31, 2024 | 46.50 Mn |
| Sep 30, 2024 | 50.20 Mn |
| Jun 30, 2024 | 51.94 Mn |
| Mar 31, 2024 | 42.74 Mn |
| Dec 31, 2023 | 43.86 Mn |
| Sep 30, 2023 | 41.19 Mn |
| Jun 30, 2023 | 36.75 Mn |
| Mar 31, 2023 | 30.51 Mn |
| Dec 31, 2022 | 31.28 Mn |
| Sep 30, 2022 | 29.18 Mn |
| Jun 30, 2022 | 25.23 Mn |
| Mar 31, 2022 | 27.11 Mn |
| Dec 31, 2021 | 29.88 Mn |
| Sep 30, 2021 | 25.43 Mn |