First Solar (FSLR) Inventory Average (2009 - 2026)
First Solar (FSLR) reported Inventory Average of $815.3 million for Q1 2026, down 31.21% on a YoY basis from $1.2 billion in Q1 2025, and down 11.26% quarter-over-quarter from $918.8 million in Q4 2025.
First Solar (FSLR) Inventory Average (2009 - 2026) Analysis & Trends
First Solar has reported Inventory Average for 18 years, with the latest figure at $815.3 million in Q1 2026.
- For the quarter ending Q1 2026, Inventory Average fell 31.21% year-over-year to $815.3 million; the trailing twelve-month figure through Mar 2026 stood at $815.3 million (down 31.21% YoY), and the FY2025 full-year result was $910.6 million, down 4.37% from the prior year.
- Inventory Average for Q1 2026 stood at $815.3 million, down from $918.8 million in the prior quarter.
- The five-year high for Inventory Average was $1.4 billion in Q2 2025, with the low at $686.4 million in Q1 2023.
- Historically, Inventory Average has averaged $937.9 million across 5 years, with a median of $851.3 million in 2023.
- Annual changes were most pronounced in 2022 — Inventory Average jumped 43.17% — and 2026, when it tumbled 31.21%.
- First Solar's Inventory Average stood at $716.0 million in 2022, then grew by 18.9% to $851.3 million in 2023, then surged by 37.14% to $1.2 billion in 2024, then slipped by 21.3% to $918.8 million in 2025, then declined by 11.26% to $815.3 million in 2026.
- The last three Inventory Average figures came in at $815.3 million (Q1 2026), $918.8 million (Q4 2025), and $1.3 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 815.31 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 268.78 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 289.37 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 574.73 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 495.84 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 124.44 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 159.17 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 2.30 Bn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 28.05 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | 1.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 815.31 Mn |
| Dec 31, 2025 | 918.79 Mn |
| Sep 30, 2025 | 1.26 Bn |
| Jun 30, 2025 | 1.35 Bn |
| Mar 31, 2025 | 1.19 Bn |
| Dec 31, 2024 | 1.17 Bn |
| Sep 30, 2024 | 1.14 Bn |
| Jun 30, 2024 | 999.37 Mn |
| Mar 31, 2024 | 895.39 Mn |
| Dec 31, 2023 | 851.34 Mn |
| Sep 30, 2023 | 819.48 Mn |
| Jun 30, 2023 | 753.79 Mn |
| Mar 31, 2023 | 686.39 Mn |
| Dec 31, 2022 | 716.02 Mn |
| Sep 30, 2022 | 810.56 Mn |
| Jun 30, 2022 | 825.61 Mn |
| Mar 31, 2022 | 753.52 Mn |
| Dec 31, 2021 | 656.87 Mn |
| Sep 30, 2021 | 625.25 Mn |
| Jun 30, 2021 | 576.66 Mn |