First Solar (FSLR) Capital Expenditures (2009 - 2026)
First Solar (FSLR) posted Capital Expenditures of $154.81 million for Q3 2026, down 24.1% from $204.05 million a year earlier and down 4.0% from the prior quarter.
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Analysis
First Solar (FSLR) Capital Expenditures (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Capital Expenditures at First Solar was $606.39 million, down 40.1% year-over-year; for FY2025, it came in at $869.88 million, down 43.0% from FY2024.
- Annual Capital Expenditures shows a five-year compound annual growth rate of 15.9% (FY2020 to FY2025).
- In prior years, First Solar's Capital Expenditures was $1.53 billion in FY2024 (+10.0%), $1.39 billion in FY2023 (+53.5%), $903.61 million in FY2022 (+67.2%) and $540.29 million in FY2021 (+29.7%).
- Quarterly Capital Expenditures has run from a low of $118.53 million in Q1 2026 to a high of $433.92 million in Q3 2024 over five years.
- On a year-over-year basis, Capital Expenditures has declined in each of the last eight quarters, with an average decline of 36.2% over the last eight quarters.
- The strongest year-over-year quarter for Capital Expenditures in the past five years was Q1 2023, with growth of 139.7%; the weakest was Q3 2025, with a decline of 53.0%.
- According to Business Quant data, Capital Expenditures for the three prior quarters was $161.32 million (Q2 2026), $118.53 million (Q1 2026) and $171.73 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 210.90 Bn | 163.15 Bn | 3.11 Bn | 647.00 Mn |
| 2 | Bloom Energy | 54.82 Bn | 44.75 Bn | 417.10 Mn | 153.49 Mn |
| 3 | First Solar | 19.45 Bn | 10.82 Bn | 713.06 Mn | 154.81 Mn |
| 4 | Nextpower | 15.04 Bn | 10.75 Bn | 345.32 Mn | 23.13 Mn |
| 5 | BWX Technologies | 11.61 Bn | 9.39 Bn | 227.14 Mn | 52.26 Mn |
| 6 | Generac Holdings | 10.72 Bn | 9.45 Bn | 516.04 Mn | 39.25 Mn |
| 7 | Innio | 10.33 Bn | 6.57 Bn | 367.70 Mn | 93.20 Mn |
| 8 | EnerSys | 5.50 Bn | 3.69 Bn | 313.36 Mn | 12.42 Mn |
| 9 | Mirion Technologies | 4.67 Bn | 3.08 Bn | 131.50 Mn | 11.90 Mn |
| 10 | X-Energy | 4.46 Bn | 3.10 Bn | -32.06 Mn | 63.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 154.81 Mn |
| Jun 30, 2026 | 161.32 Mn |
| Mar 31, 2026 | 118.53 Mn |
| Dec 31, 2025 | 171.73 Mn |
| Sep 30, 2025 | 204.05 Mn |
| Jun 30, 2025 | 288.13 Mn |
| Mar 31, 2025 | 205.97 Mn |
| Dec 31, 2024 | 313.54 Mn |
| Sep 30, 2024 | 433.92 Mn |
| Jun 30, 2024 | 365.16 Mn |
| Mar 31, 2024 | 413.46 Mn |
| Dec 31, 2023 | 346.91 Mn |
| Sep 30, 2023 | 286.21 Mn |
| Jun 30, 2023 | 382.70 Mn |
| Mar 31, 2023 | 370.96 Mn |
| Dec 31, 2022 | 326.90 Mn |
| Sep 30, 2022 | 223.26 Mn |
| Jun 30, 2022 | 198.69 Mn |
| Mar 31, 2022 | 154.76 Mn |
| Dec 31, 2021 | 194.89 Mn |
API Access
First Solar Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "FSLR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();