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
DateValue
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