First Solar (XSWX:FSLR) Research & Development: CHF198 Mil (TTM As of Mar. 2026)


XSWX:FSLR First Solar Inc XSWX:FSLR
91 GF Score
Price CHF207.07
GF Value CHF221.79
! 4 Warning Signs
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What is First Solar Research & Development?

First Solar XSWX:FSLR -0.24% 91 Research & Development is CHF198 Mil as of Mar. 2026. GuruFocus rates XSWX:FSLR with a GF Score™ of 91/100 and a GF Value™ of CHF221.79. The stock has 4 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. First Solar's Research & Development for the three months ended in Mar. 2026 was CHF53 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was CHF198 Mil.

First Solar  (XSWX:FSLR) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

First Solar Research & Development Related Terms

First Solar Research & Development Historical Data

* Premium members only.

The historical data trend for First Solar's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Solar Research & Development Chart

First Solar Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 91.29 105.09 131.72 170.63 186.01

First Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 46.29 44.31 48.24 52.56 52.71
XSWX:FSLR
91GF Score
First Solar Inc XSWX:FSLR
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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First Solar Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF198 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of CHF198 Mil mean?
First Solar (XSWX:FSLR) has a Research & Development of CHF198 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on First Solar and its competitors.
Is First Solar's Research & Development too high?
First Solar's current Research & Development is CHF198 Mil. Overall, First Solar has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does First Solar's Research & Development compare to NXT and ENPH?
First Solar's Research & Development of CHF198 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Semiconductors company?
A good Research & Development depends on the Semiconductors industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on First Solar and its competitors. First Solar's current Research & Development is CHF198 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Solar stock overvalued right now?
First Solar (XSWX:FSLR) has a current Research & Development of CHF198 Mil. The stock's GF Value™ is CHF221.79, compared to a current price of CHF207.07 — trading 6.6% below its estimated fair value. The current Research & Development is CHF198 Mil. First Solar's overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current Research & Development is CHF198 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Solar (XSWX:FSLR) Overvalued in 2026?

Based on GuruFocus' analysis, First Solar stock appears to be undervalued. The current stock price of CHF207.07 is trading 6.6% below its estimated GF Value™ of CHF221.79.

Key valuation signals for XSWX:FSLR:

  • Research & Development: CHF198 Mil
  • GF Value™: CHF221.79 vs. price of CHF207.07 (6.6% below fair value)
  • GF Score™: 91/100 with 4 warning signs

No single metric tells the full story. See the XSWX:FSLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Solar Business Description

Address 4300 East Camelback Road, Suite 220, Phoenix, AZ, USA, 85018
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.
91GF Score

Get the complete analysis for XSWX:FSLR

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF207.07
Price
CHF221.79
GF Value