First Solar (FSLR) Raw Materials (2009 - 2026)

First Solar (FSLR) reported Raw Materials of $385.6 million for Q1 2026, down 17.07% on a YoY basis from $464.9 million in Q1 2025, and down 10.26% quarter-over-quarter from $429.7 million in Q4 2025.

First Solar (FSLR) Raw Materials (2009 - 2026) Analysis & Trends

First Solar has reported Raw Materials for 18 years, with the latest figure at $385.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Raw Materials fell 17.07% year-over-year to $385.6 million; the trailing twelve-month figure through Mar 2026 stood at $385.6 million (down 17.07% YoY), and the FY2025 full-year result was $429.7 million, down 12.23% from the prior year.
  • Raw Materials for Q1 2026 stood at $385.6 million, down from $429.7 million in the prior quarter.
  • The five-year high for Raw Materials was $489.5 million in Q4 2024, with the low at $382.6 million in Q3 2022.
  • Historically, Raw Materials has averaged $434.5 million across 5 years, with a median of $435.2 million in 2025.
  • Annual changes were most pronounced in 2022 — Raw Materials grew 29.64% — and 2026, when it fell 17.07%.
  • First Solar's Raw Materials stood at $397.9 million in 2022, then grew by 20.16% to $478.1 million in 2023, then advanced by 2.38% to $489.5 million in 2024, then slipped by 12.23% to $429.7 million in 2025, then dropped by 10.26% to $385.6 million in 2026.
  • The last three Raw Materials figures came in at $385.6 million (Q1 2026), $429.7 million (Q4 2025), and $435.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 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
10 Skycorp Solar 110.38 Mn 103.60 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 385.57 Mn
Dec 31, 2025 429.68 Mn
Sep 30, 2025 435.20 Mn
Jun 30, 2025 474.95 Mn
Mar 31, 2025 464.91 Mn
Dec 31, 2024 489.52 Mn
Sep 30, 2024 486.16 Mn
Jun 30, 2024 449.08 Mn
Mar 31, 2024 454.93 Mn
Dec 31, 2023 478.14 Mn
Sep 30, 2023 445.41 Mn
Jun 30, 2023 413.28 Mn
Mar 31, 2023 403.23 Mn
Dec 31, 2022 397.91 Mn
Sep 30, 2022 382.55 Mn
Jun 30, 2022 397.30 Mn
Mar 31, 2022 399.14 Mn
Dec 31, 2021 404.73 Mn
Sep 30, 2021 356.11 Mn
Jun 30, 2021 333.01 Mn