First Solar (FSLR) Change in Inventory (2020 - 2026)

First Solar (FSLR) reported Change in Inventory of $143.8 million for Q1 2026, down 29.08% on a YoY basis from $202.8 million in Q1 2025, and up 138.01% quarter-over-quarter from -$378.4 million in Q4 2025.

First Solar (FSLR) Change in Inventory (2020 - 2026) Analysis & Trends

First Solar has reported Change in Inventory for 7 years, with the latest figure 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.
  • The five-year high for Change in Inventory was $218.9 million in Q3 2024, with the low at -$378.4 million in Q4 2025.
  • Historically, Change in Inventory has averaged $13.6 million across 5 years, with a median of $66.0 million in 2024.
  • Annual changes were most pronounced in 2022 — Change in Inventory tumbled 989.02% — and 2023, when it jumped 3395.33%.
  • First Solar's Change in Inventory 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 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 28.68 Bn 26.25 Bn 486.13 Mn 143.82 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 2.65 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 38.34 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn -30.90 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 69.63 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn -
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -6.37 Mn
10 Skycorp Solar 110.38 Mn 103.60 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