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% on a YoY basis from $121.0 million in Q2 2025, and up 12.74% quarter-over-quarter from $143.8 million in Q1 2026.
Analysis
First Solar (FSLR) Change in Inventory (2020 - 2026) Analysis & Trends
First Solar (FSLR) has reported Change in Inventory for 7 consecutive years, with $162.1 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Change in Inventory rose 34.0% year-over-year to $162.1 million; the trailing twelve-month figure through Jun 2026 stood at -$395.5 million (down 202.71% YoY), and the FY2025 full-year result was -$377.7 million, down 236.46% from the prior year.
- Change in Inventory improved to $162.1 million in Q2 2026 per FSLR's latest filing, from $143.8 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.
- Historically, Change in Inventory has averaged $21.9 million across 5 years, with a median of $93.5 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Change in Inventory plunged 989.02% in 2022, then surged 3395.33% in 2023.
- Over 5 years, 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 142.85% to $162.1 million in 2026.
- According to Business Quant data, Change in Inventory over the past three periods registered $162.1 million, $143.8 million, and -$378.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 162.14 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | -5.68 Mn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | -3.12 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 99.83 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 27.45 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | - |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | - |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | - |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 162.14 Mn |
| Mar 31, 2026 | 143.82 Mn |
| Dec 31, 2025 | -378.40 Mn |
| Sep 30, 2025 | -323.10 Mn |
| Jun 30, 2025 | 121.00 Mn |
| Mar 31, 2025 | 202.78 Mn |
| Dec 31, 2024 | -157.57 Mn |
| Sep 30, 2024 | 218.88 Mn |
| Jun 30, 2024 | 66.02 Mn |
| Mar 31, 2024 | 149.47 Mn |
| Dec 31, 2023 | -57.56 Mn |
| Sep 30, 2023 | 131.04 Mn |
| Jun 30, 2023 | 8.63 Mn |
| Mar 31, 2023 | 123.00 Mn |
| Dec 31, 2022 | -180.90 Mn |
| Sep 30, 2022 | 3.75 Mn |
| Jun 30, 2022 | -15.53 Mn |
| Mar 31, 2022 | 175.99 Mn |
| Dec 31, 2021 | 20.35 Mn |
| Sep 30, 2021 | 54.08 Mn |