What is First Solar's R&D?

First Solar (FSLR) reported R&D of $76.24M in Q2 2026.

How has First Solar's R&D changed year-over-year?

First Solar's R&D increased by 39.9% year-over-year, from $54.49M to $76.24M.

What is the long-term trend for First Solar's R&D?

Over 4 years (2021 to 2025), First Solar's R&D has grown at a 23.9% compound annual growth rate (CAGR), from $99.12M to $233.42M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

First Solar FSLR R&D

R&D at other companies

SolarEdge TechnologiesSEDG

$50.16M-19.1%

Enphase EnergyENPH

$45.66M+0.5%

SunrunRUN

$10.14M+1.6%

FTC SolarFTCI

$1.12M+21.0%

NeoVoltaNEOV

$403.89K+1,345%

Tesla, Inc.TSLA

$2.37B+49.2%

Other financials

Income statement

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Revenue$1.1B-3.7%

Gross profit$605.0M+21.0%

Operating income$450.4M+24.6%

Net income$422.6M+23.6%

EPS (diluted)$3.92+23.3%

Balance sheet

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Cash & equivalents$1.7B+43.1%

Total debt$37.6M-94.4%

Total equity$10.3B+20.8%

Total assets$13.4B+4.1%

Cash flow

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Operating cash flow$144.9M-3.1%

CapEx$161.3M-44.0%

Free cash flow-$16.4M+88.2%

Valuation

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Market cap$21.77B+11.4%

Enterprise value$20.12B+5.6%

P/E12.5×-3.1×

P/S4.1×-0.4×

Profitability

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Gross margin44%+1.3pp

Operating margin33.6%+2.3pp

Net margin32.5%+3.5pp

FCF margin33.3%—

Returns & leverage

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Return on equity18.5%+2.6pp

Debt / equity0×-0.1×

Current ratio2.5×+0.6×

Where this comes from

Reported directly by First Solar in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: First Solar’s 8-K, filed July 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Solar's R&D?: First Solar (FSLR) reported R&D of $76.24M in Q2 2026.
How has First Solar's R&D changed year-over-year?: First Solar's R&D increased by 39.9% year-over-year, from $54.49M to $76.24M.
What is the long-term trend for First Solar's R&D?: Over 4 years (2021 to 2025), First Solar's R&D has grown at a 23.9% compound annual growth rate (CAGR), from $99.12M to $233.42M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.