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
DateValue
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