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% on a YoY basis from $54.5 million in Q2 2025, and up 13.89% quarter-over-quarter from $66.9 million in Q1 2026.
Analysis
First Solar (FSLR) Research & Development (2009 - 2026) Analysis & Trends
First Solar (FSLR) has reported Research & Development for 18 consecutive years, with $76.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 39.93% year-over-year to $76.2 million; the trailing twelve-month figure through Jun 2026 stood at $269.7 million (up 32.5% YoY), and the FY2025 full-year result was $233.4 million, up 21.97% from the prior year.
- Research & Development grew to $76.2 million in Q2 2026 per FSLR's latest filing, from $66.9 million in the prior quarter.
- Across five years, Research & Development topped out at $76.2 million in Q2 2026 and bottomed at $25.2 million in Q2 2022.
- Historically, Research & Development has averaged $46.3 million across 5 years, with a median of $45.2 million in 2023.
- The sharpest annual moves came in 2022 and 2023: Research & Development rose 4.7% in 2022, then surged 45.65% in 2023.
- Over 5 years, Research & Development stood at $31.3 million in 2022, then jumped by 40.21% to $43.9 million in 2023, then increased by 6.01% to $46.5 million in 2024, then jumped by 41.84% to $66.0 million in 2025, then advanced by 15.6% to $76.2 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $76.2 million, $66.9 million, and $66.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn | 76.24 Mn |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn | 44.51 Mn |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn | 45.66 Mn |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn | 52.75 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn | - |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn | 20.80 Mn |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn | - |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn | -34.10 Mn |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn | -1.56 Mn |
Historic Data
Download Data
Historic 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 |