First Solar (FSLR) Research & Development (2009 - 2026)
First Solar (FSLR) reported Research & Development of $66.9 million for Q1 2026, up 27.78% on a YoY basis from $52.4 million in Q1 2025, and up 1.5% quarter-over-quarter from $66.0 million in Q4 2025.
First Solar (FSLR) Research & Development (2009 - 2026) Analysis & Trends
First Solar has reported Research & Development for 18 years, with the latest figure at $66.9 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 27.78% year-over-year to $66.9 million; the trailing twelve-month figure through Mar 2026 stood at $248.0 million (up 23.36% YoY), and the FY2025 full-year result was $233.4 million, up 21.97% from the prior year.
- Research & Development for Q1 2026 stood at $66.9 million, up from $66.0 million in the prior quarter.
- The five-year high for Research & Development was $66.9 million in Q1 2026, with the low at $25.2 million in Q2 2022.
- Historically, Research & Development has averaged $44.5 million across 5 years, with a median of $43.9 million in 2023.
- Annual changes were most pronounced in 2022 — Research & Development increased 4.7% — and 2023, when it jumped 45.65%.
- First Solar's Research & Development 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 increased by 1.5% to $66.9 million in 2026.
- The last three Research & Development figures came in at $66.9 million (Q1 2026), $66.0 million (Q4 2025), and $60.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 66.94 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 43.17 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 44.87 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 50.16 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 10.14 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | - |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | - |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -33.12 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 2.64 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 23.94 Mn |