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
DateValue
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