First Solar (FSLR) Change in Inventory (2020 - 2026)
First Solar posted quarterly Change in Inventory of $143.8 million for Q1 2026, down 29.08% year-on-year from $202.8 million in Q1 2025, and up 138.01% on a QoQ basis from -$378.4 million in Q4 2025.
First Solar (FSLR) has 7 years of Change in Inventory data on file, last reported at $143.8 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Inventory fell 29.08% year-over-year to $143.8 million; the trailing twelve-month figure through Mar 2026 stood at -$436.7 million (down 232.28% YoY), and the FY2025 full-year result was -$377.7 million, down 236.46% from the prior year.
- Change in Inventory for Q1 2026 stood at $143.8 million, 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.
- The 5-year median for Change in Inventory is $66.0 million (2024), against an average of $13.6 million.
- The widest annual swing landed in 2022, when Change in Inventory sank 989.02%; it then jumped 3395.33% in 2023.
- A 5-year view of Change in Inventory shows it stood at -$180.9 million in 2022, then jumped by 68.18% to -$57.6 million in 2023, then plunged by 173.75% to -$157.6 million in 2024, then tumbled by 140.15% to -$378.4 million in 2025, then soared by 138.01% to $143.8 million in 2026.
- The last three Change in Inventory figures came in at $143.8 million (Q1 2026), -$378.4 million (Q4 2025), and -$323.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 143.82 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | - |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | - |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 2.65 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 38.34 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -30.90 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 69.63 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | - |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | - |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | -6.37 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 |
| Sep 30, 2023 | 131.04 Mn |
| Sep 30, 2023 | 131.04 Mn |
| Jun 30, 2023 | 8.63 Mn |
| Jun 30, 2023 | 8.63 Mn |
| Mar 31, 2023 | 123.00 Mn |
| Mar 31, 2023 | 123.00 Mn |
| Dec 31, 2022 | -180.90 Mn |
| Dec 31, 2022 | -180.90 Mn |
| Sep 30, 2022 | 3.75 Mn |
| Sep 30, 2022 | 3.75 Mn |
| Jun 30, 2022 | -15.53 Mn |
| Jun 30, 2022 | -15.53 Mn |
| Mar 31, 2022 | 175.99 Mn |
| Mar 31, 2022 | 175.99 Mn |
| Dec 31, 2021 | 20.35 Mn |
| Dec 31, 2021 | 20.35 Mn |
| Sep 30, 2021 | 54.08 Mn |
| Sep 30, 2021 | 54.08 Mn |
| Jun 30, 2021 | 74.54 Mn |
| Jun 30, 2021 | 74.54 Mn |
| Mar 31, 2021 | -12.60 Mn |
| Mar 31, 2021 | -12.60 Mn |
| Dec 31, 2020 | 3.38 Mn |
| Dec 31, 2020 | 3.38 Mn |
| Sep 30, 2020 | 61.95 Mn |
| Sep 30, 2020 | 61.95 Mn |
| Jun 30, 2020 | 31.18 Mn |
| Jun 30, 2020 | 31.18 Mn |
| Mar 31, 2020 | 48.90 Mn |
| Mar 31, 2020 | 48.90 Mn |