First Solar (FSLR) Inventory (2009 - 2026)
First Solar (FSLR) posted Inventory of $893.9 million for Q1 2026, up 21.33% on a QoQ basis from $736.7 million in Q4 2025, and down 30.5% year-over-year from $1.3 billion in Q1 2025.
First Solar (FSLR) Inventory (2009 - 2026) Analysis & Trends
First Solar's Inventory history runs 18 years deep, the most recent figure standing at $893.9 million for Q1 2026.
- Quarterly Inventory fell 30.5% year-over-year to $893.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $893.9 million (down 30.5% YoY) and the FY2025 annual result came in at $736.7 million, down 32.06% from the prior year.
- Inventory was $893.9 million for Q1 2026 at First Solar, up from $736.7 million in the prior quarter.
- Across five years, Inventory topped out at $1.4 billion in Q2 2025 and bottomed at $621.4 million in Q4 2022.
- A 5-year average of $958.6 million and a median of $893.9 million in 2026 frame the typical range for Inventory.
- Annual changes were most pronounced in 2022 — Inventory soared 96.01% — and 2025, when it tumbled 32.06%.
- First Solar's Inventory stood at $621.4 million in 2022, then surged by 31.95% to $819.9 million in 2023, then soared by 32.26% to $1.1 billion in 2024, then tumbled by 32.06% to $736.7 million in 2025, then grew by 21.33% to $893.9 million in 2026.
- Business Quant data shows FSLR's Inventory at $893.9 million in Q1 2026, $736.7 million in Q4 2025, and $1.1 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 893.88 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 262.28 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 290.70 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 2.57 Bn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 596.82 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 490.39 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 158.99 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 1.13 Bn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 167.97 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 114.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 893.88 Mn |
| Dec 31, 2025 | 736.73 Mn |
| Sep 30, 2025 | 1.10 Bn |
| Jun 30, 2025 | 1.41 Bn |
| Mar 31, 2025 | 1.29 Bn |
| Dec 31, 2024 | 1.08 Bn |
| Sep 30, 2024 | 1.25 Bn |
| Jun 30, 2024 | 1.03 Bn |
| Mar 31, 2024 | 970.87 Mn |
| Dec 31, 2023 | 819.90 Mn |
| Sep 30, 2023 | 882.79 Mn |
| Jun 30, 2023 | 756.17 Mn |
| Mar 31, 2023 | 751.41 Mn |
| Dec 31, 2022 | 621.38 Mn |
| Sep 30, 2022 | 810.66 Mn |
| Jun 30, 2022 | 810.46 Mn |
| Mar 31, 2022 | 1.08 Bn |
| Dec 31, 2021 | 666.30 Mn |
| Sep 30, 2021 | 647.44 Mn |
| Jun 30, 2021 | 829.78 Mn |