First Solar (FSLR) Retained Earnings (2009 - 2026)
First Solar's (FSLR) quarterly Retained Earnings came in at $7.6 billion in Q2 2026, up 30.03% YoY from $5.8 billion in Q2 2025, and up 5.92% on a QoQ basis from $7.1 billion in Q1 2026.
First Solar (FSLR) Retained Earnings (2009 - 2026) Analysis & Trends
First Solar (FSLR) has 16 years of Retained Earnings data on file, last reported at $7.6 billion in Q2 2026.
- Quarterly Retained Earnings rose 30.03% year-over-year to $7.6 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $7.6 billion (up 30.03% YoY) and the FY2025 annual result came in at $6.8 billion, up 29.04% from the prior year.
- Retained Earnings advanced to $7.6 billion in Q2 2026, from $7.1 billion in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of $7.6 billion in Q2 2026 to a low of $3.1 billion in Q4 2022.
- A 5-year average of $5.3 billion and a median of $5.3 billion in 2024 frame the typical range for Retained Earnings.
- Annual changes were most pronounced in 2023 — Retained Earnings gained 26.46% — and 2024, when it jumped 34.46%.
- Tracing FSLR's Retained Earnings over 5 years: stood at $3.1 billion in 2022, then increased by 26.46% to $4.0 billion in 2023, then soared by 32.54% to $5.3 billion in 2024, then increased by 29.04% to $6.8 billion in 2025, then rose by 11.33% to $7.6 billion in 2026.
- The last three Retained Earnings figures came in at $7.6 billion (Q2 2026), $7.1 billion (Q1 2026), and $6.8 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 7.56 Bn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 4.36 Bn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 1.36 Bn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 6.97 Bn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 1.93 Bn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 498.50 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 1.48 Bn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | -396.52 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | 118.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.56 Bn |
| Mar 31, 2026 | -168.20 Mn |
| Dec 31, 2025 | 6.79 Bn |
| Sep 30, 2025 | -154.88 Mn |
| Jun 30, 2025 | -160.92 Mn |
| Mar 31, 2025 | 5.47 Bn |
| Dec 31, 2024 | 5.26 Bn |
| Sep 30, 2024 | -168.86 Mn |
| Jun 30, 2024 | -188.32 Mn |
| Mar 31, 2024 | 4.21 Bn |
| Dec 31, 2023 | 3.97 Bn |
| Sep 30, 2023 | -198.97 Mn |
| Dec 31, 2022 | -191.82 Mn |
| Dec 31, 2019 | 2.33 Bn |
| Dec 31, 2018 | -54.47 Mn |
| Sep 30, 2018 | 2.39 Bn |
| Jun 30, 2018 | -30.24 Mn |
| Mar 31, 2018 | -18.58 Mn |
| Dec 31, 2017 | 2.26 Mn |
| Sep 30, 2017 | 2.73 Bn |