First Solar (FSLR) Change in Inventory (2020 - 2026)
First Solar (FSLR) posted Change in Inventory of $143.8 million for Q1 2026, up 138.01% on a QoQ basis from -$378.4 million in Q4 2025, and down 29.08% year-over-year from $202.8 million in Q1 2025.
First Solar (FSLR) Change in Inventory (2020 - 2026) Analysis & Trends
First Solar's Change in Inventory history runs 7 years deep, the most recent figure standing at $143.8 million for Q1 2026.
- Quarterly Change in Inventory fell 29.08% year-over-year to $143.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$436.7 million (down 232.28% YoY) and the FY2025 annual result came in at -$377.7 million, down 236.46% from the prior year.
- Change in Inventory was $143.8 million for Q1 2026 at First Solar, up from -$378.4 million in the prior quarter.
- Across five years, Change in Inventory topped out at $218.9 million in Q3 2024 and bottomed at -$378.4 million in Q4 2025.
- A 5-year average of $13.6 million and a median of $66.0 million in 2024 frame the typical range for Change in Inventory.
- Annual changes were most pronounced in 2022 — Change in Inventory slumped 989.02% — and 2023, when it jumped 3395.33%.
- First Solar's Change in Inventory stood at -$180.9 million in 2022, then surged by 68.18% to -$57.6 million in 2023, then tumbled by 173.75% to -$157.6 million in 2024, then slumped by 140.15% to -$378.4 million in 2025, then jumped by 138.01% to $143.8 million in 2026.
- Business Quant data shows FSLR's Change in Inventory at $143.8 million in Q1 2026, -$378.4 million in Q4 2025, and -$323.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 143.82 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 2.65 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 | 38.34 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -30.90 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 69.63 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | - |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | - |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | -57.56 Mn |
| Dec 31, 2023 | -57.56 Mn |