First Solar (FSLR) Capital Expenditures (2009 - 2026)
First Solar's (FSLR) quarterly Capital Expenditures came in at $110.2 million in Q2 2026, down 34.52% YoY from $168.4 million in Q2 2025, and down 34.99% on a QoQ basis from $169.6 million in Q1 2026.
First Solar (FSLR) Capital Expenditures (2009 - 2026) Analysis & Trends
First Solar (FSLR) has 18 years of Capital Expenditures data on file, last reported at $110.2 million in Q2 2026.
- Quarterly Capital Expenditures fell 34.52% year-over-year to $110.2 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $655.6 million (down 47.19% YoY) and the FY2025 annual result came in at $869.9 million, down 43.0% from the prior year.
- Capital Expenditures declined to $110.2 million in Q2 2026, from $169.6 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $446.0 million in Q1 2024 to a low of $110.2 million in Q2 2026.
- A 5-year average of $275.9 million and a median of $299.9 million in 2023 frame the typical range for Capital Expenditures.
- Annual changes were most pronounced in 2023 — Capital Expenditures jumped 139.7% — and 2025, when it plunged 52.98%.
- Tracing FSLR's Capital Expenditures over 5 years: stood at $326.9 million in 2022, then climbed by 6.12% to $346.9 million in 2023, then dropped by 9.62% to $313.5 million in 2024, then sank by 45.23% to $171.7 million in 2025, then slumped by 35.8% to $110.2 million in 2026.
- The last three Capital Expenditures figures came in at $110.2 million (Q2 2026), $169.6 million (Q1 2026), and $171.7 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 110.25 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 15.90 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 14.39 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 4.29 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 7.02 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | -266.38 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 7.63 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | -4.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 110.25 Mn |
| Jun 30, 2026 | 110.25 Mn |
| 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 |