First Solar (FSLR) Research & Development (2009 - 2026)
First Solar posted quarterly Research & Development of $66.9 million for Q1 2026, up 27.78% year-on-year from $52.4 million in Q1 2025, and up 1.5% on a QoQ basis from $66.0 million in Q4 2025.
First Solar (FSLR) has 18 years of Research & Development data on file, last reported 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.
- Across five years, Research & Development topped out at $66.9 million in Q1 2026 and bottomed at $25.2 million in Q2 2022.
- The 5-year median for Research & Development is $43.9 million (2023), against an average of $44.5 million.
- The widest annual swing landed in 2022, when Research & Development increased 4.7%; it then jumped 45.65% in 2023.
- A 5-year view of Research & Development shows it stood at $31.3 million in 2022, then soared by 40.21% to $43.9 million in 2023, then grew by 6.01% to $46.5 million in 2024, then soared by 41.84% to $66.0 million in 2025, then rose 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 | 26.65 Bn | 24.22 Bn | 486.13 Mn | 66.94 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 43.17 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 21.68 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 44.87 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 50.16 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 10.14 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | - |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | - |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -33.12 Mn |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 2.64 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 |
| Mar 31, 2021 | 19.87 Mn |
| Dec 31, 2020 | 22.67 Mn |
| Sep 30, 2020 | 22.97 Mn |
| Jun 30, 2020 | 22.48 Mn |
| Mar 31, 2020 | 25.61 Mn |
| Dec 31, 2019 | 25.43 Mn |
| Sep 30, 2019 | 24.91 Mn |
| Jun 30, 2019 | 24.40 Mn |
| Mar 31, 2019 | 21.88 Mn |
| Dec 31, 2018 | 21.39 Mn |
| Sep 30, 2018 | 22.39 Mn |
| Jun 30, 2018 | 20.37 Mn |
| Mar 31, 2018 | 20.32 Mn |
| Dec 31, 2017 | 23.58 Mn |
| Sep 30, 2017 | 20.85 Mn |
| Jun 30, 2017 | 21.34 Mn |
| Mar 31, 2017 | 22.80 Mn |
| Dec 31, 2016 | 29.47 Mn |
| Sep 30, 2016 | 32.17 Mn |
| Jun 30, 2016 | 32.93 Mn |
| Mar 31, 2016 | 30.19 Mn |
| Dec 31, 2015 | 36.73 Mn |
| Sep 30, 2015 | 29.63 Mn |
| Jun 30, 2015 | 29.48 Mn |
| Mar 31, 2015 | 34.76 Mn |
| Dec 31, 2014 | 34.94 Mn |
| Sep 30, 2014 | 37.59 Mn |
| Jun 30, 2014 | 32.66 Mn |
| Mar 31, 2014 | 38.77 Mn |
| Dec 31, 2013 | 38.42 Mn |
| Sep 30, 2013 | 34.98 Mn |
| Jun 30, 2013 | 30.96 Mn |
| Mar 31, 2013 | 29.93 Mn |
| Dec 31, 2012 | 31.64 Mn |
| Sep 30, 2012 | 32.37 Mn |
| Jun 30, 2012 | 32.37 Mn |
| Mar 31, 2012 | 36.08 Mn |
| Dec 31, 2011 | 37.91 Mn |
| Sep 30, 2011 | 38.16 Mn |
| Jun 30, 2011 | 33.10 Mn |
| Mar 31, 2011 | 31.35 Mn |
| Dec 31, 2010 | 27.60 Mn |
| Sep 25, 2010 | 21.47 Mn |
| Jun 26, 2010 | 22.84 Mn |
| Mar 27, 2010 | 22.89 Mn |
| Dec 26, 2009 | 23.72 Mn |
| Sep 26, 2009 | 24.14 Mn |
| Jun 27, 2009 | 18.61 Mn |
| Mar 28, 2009 | 11.70 Mn |