First Solar (FSLR) Capital Expenditures (2009 - 2026)

First Solar (FSLR) reported Capital Expenditures of $118.5 million for Q1 2026, down 42.45% on a YoY basis from $206.0 million in Q1 2025, and down 30.98% quarter-over-quarter from $171.7 million in Q4 2025.

First Solar (FSLR) Capital Expenditures (2009 - 2026) Analysis & Trends

First Solar has reported Capital Expenditures for 18 years, with the latest figure at $118.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Capital Expenditures fell 42.45% year-over-year to $118.5 million; the trailing twelve-month figure through Mar 2026 stood at $782.4 million (down 40.66% YoY), and the FY2025 full-year result was $869.9 million, down 43.0% from the prior year.
  • Capital Expenditures for Q1 2026 stood at $118.5 million, down from $171.7 million in the prior quarter.
  • The five-year high for Capital Expenditures was $1.3 billion in Q4 2024, with the low at -$514.1 million in Q3 2024.
  • Historically, Capital Expenditures has averaged $282.6 million across 5 years, with a median of $206.0 million in 2025.
  • The largest YoY upside for Capital Expenditures was 6521.28% in 2022 against a maximum downside of 3018.28% in 2022.
  • First Solar's Capital Expenditures stood at $740.5 million in 2022, then sank by 53.15% to $346.9 million in 2023, then soared by 263.66% to $1.3 billion in 2024, then plunged by 86.39% to $171.7 million in 2025, then slumped by 30.98% to $118.5 million in 2026.
  • The last three Capital Expenditures figures came in at $118.5 million (Q1 2026), $171.7 million (Q4 2025), and $204.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 118.53 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 48.11 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 12.04 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 26.16 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 409,000.00
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 329,000.00
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 7.51 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 209,000.00
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 118.53 Mn
Mar 31, 2026 118.53 Mn
Dec 31, 2025 171.73 Mn
Dec 31, 2025 171.73 Mn
Sep 30, 2025 204.05 Mn
Sep 30, 2025 204.05 Mn
Jun 30, 2025 288.13 Mn
Jun 30, 2025 288.13 Mn
Mar 31, 2025 205.97 Mn
Mar 31, 2025 205.97 Mn
Dec 31, 2024 1.26 Bn
Dec 31, 2024 1.26 Bn
Sep 30, 2024 -514.14 Mn
Sep 30, 2024 -514.14 Mn
Jun 30, 2024 365.16 Mn
Jun 30, 2024 365.16 Mn
Mar 31, 2024 413.46 Mn
Mar 31, 2024 413.46 Mn
Dec 31, 2023 346.91 Mn
Dec 31, 2023 346.91 Mn