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| Date | Value |
|---|---|
| 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 |