Growth Metrics

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 🔒
DateValue
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