First Solar (FSLR) Change in Inventory (2020 - 2026)
First Solar's (FSLR) quarterly Change in Inventory came in at $162.1 million in Q2 2026, up 34.0% YoY from $121.0 million in Q2 2025, and up 12.74% on a QoQ basis from $143.8 million in Q1 2026.
First Solar (FSLR) Change in Inventory (2020 - 2026) Analysis & Trends
First Solar (FSLR) has 7 years of Change in Inventory data on file, last reported at $162.1 million in Q2 2026.
- Quarterly Change in Inventory rose 34.0% year-over-year to $162.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$395.5 million (down 202.71% YoY) and the FY2025 annual result came in at -$377.7 million, down 236.46% from the prior year.
- Change in Inventory grew to $162.1 million in Q2 2026, from $143.8 million in the prior quarter.
- In the past five years, Change in Inventory ranged from a high of $218.9 million in Q3 2024 to a low of -$378.4 million in Q4 2025.
- A 5-year average of $21.9 million and a median of $93.5 million in 2024 frame the typical range for Change in Inventory.
- Annual changes were most pronounced in 2022 — Change in Inventory tumbled 989.02% — and 2023, when it jumped 3395.33%.
- Tracing FSLR's Change in Inventory over 5 years: stood at -$180.9 million in 2022, then soared by 68.18% to -$57.6 million in 2023, then sank by 173.75% to -$157.6 million in 2024, then plunged by 140.15% to -$378.4 million in 2025, then surged by 142.85% to $162.1 million in 2026.
- The last three Change in Inventory figures came in at $162.1 million (Q2 2026), $143.8 million (Q1 2026), and -$378.4 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 162.14 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | -5.68 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 101.39 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -3.12 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 27.45 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 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 | - |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 162.14 Mn |
| Jun 30, 2026 | 162.14 Mn |
| Mar 31, 2026 | 143.82 Mn |
| Mar 31, 2026 | 143.82 Mn |
| Dec 31, 2025 | -378.40 Mn |
| Dec 31, 2025 | -378.40 Mn |
| Sep 30, 2025 | -323.10 Mn |
| Sep 30, 2025 | -323.10 Mn |
| Jun 30, 2025 | 121.00 Mn |
| Jun 30, 2025 | 121.00 Mn |
| Mar 31, 2025 | 202.78 Mn |
| Mar 31, 2025 | 202.78 Mn |
| Dec 31, 2024 | -157.57 Mn |
| Dec 31, 2024 | -157.57 Mn |
| Sep 30, 2024 | 218.88 Mn |
| Sep 30, 2024 | 218.88 Mn |
| Jun 30, 2024 | 66.02 Mn |
| Jun 30, 2024 | 66.02 Mn |
| Mar 31, 2024 | 149.47 Mn |
| Mar 31, 2024 | 149.47 Mn |