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
DateValue
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