First Solar (FSLR) Capital Expenditures (2009 - 2026)
First Solar (FSLR) posted Capital Expenditures of $118.5 million for Q1 2026, up 121.0% on a QoQ basis from -$564.5 million in Q4 2025, and down 42.45% year-over-year from $206.0 million in Q1 2025.
First Solar (FSLR) Capital Expenditures (2009 - 2026) Analysis & Trends
First Solar's Capital Expenditures history runs 18 years deep, the most recent figure standing at $118.5 million for Q1 2026.
- Quarterly Capital Expenditures fell 42.45% year-over-year to $118.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $46.3 million (up 311.49% YoY) and the FY2025 annual result came in at $133.7 million, down 27.97% from the prior year.
- Capital Expenditures was $118.5 million for Q1 2026 at First Solar, up from -$564.5 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $740.5 million in Q4 2022 and bottomed at -$790.4 million in Q4 2023.
- A 5-year average of $93.6 million and a median of $118.5 million in 2026 frame the typical range for Capital Expenditures.
- Annual changes were most pronounced in 2023 — Capital Expenditures surged 1927.63% — and 2025, when it slumped 615.75%.
- First Solar's Capital Expenditures stood at $740.5 million in 2022, then tumbled by 206.75% to -$790.4 million in 2023, then surged by 90.02% to -$78.9 million in 2024, then slumped by 615.75% to -$564.5 million in 2025, then jumped by 121.0% to $118.5 million in 2026.
- Business Quant data shows FSLR's Capital Expenditures at $118.5 million in Q1 2026, -$564.5 million in Q4 2025, and $456.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 118.53 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 48.11 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 12.04 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | - |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 26.16 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 409,000.00 |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 7.65 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | -266.38 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 7.51 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | -4.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 118.53 Mn |
| Mar 31, 2026 | 118.53 Mn |
| Dec 31, 2025 | -564.46 Mn |
| Dec 31, 2025 | -564.46 Mn |
| Sep 30, 2025 | 455.97 Mn |
| Sep 30, 2025 | 455.97 Mn |
| Jun 30, 2025 | 36.21 Mn |
| Jun 30, 2025 | 36.21 Mn |
| Mar 31, 2025 | 205.97 Mn |
| Mar 31, 2025 | 205.97 Mn |
| Dec 31, 2024 | -78.86 Mn |
| Dec 31, 2024 | -78.86 Mn |
| Sep 30, 2024 | -137.78 Mn |
| Sep 30, 2024 | -137.78 Mn |
| Jun 30, 2024 | -11.19 Mn |
| Jun 30, 2024 | -11.19 Mn |
| Mar 31, 2024 | 413.46 Mn |
| Mar 31, 2024 | 413.46 Mn |
| Dec 31, 2023 | -790.41 Mn |
| Dec 31, 2023 | -790.41 Mn |