First Solar FSLR
NASDAQ FSLR
$203.01 -10.24 (-4.80%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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