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| 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 |