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| Date | Value |
|---|---|
| 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 |