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% on a YoY basis from $5.8 billion in Q2 2025, and up 5.92% quarter-over-quarter from $7.1 billion in Q1 2026.
Analysis
First Solar (FSLR) Retained Earnings (2009 - 2026) Analysis & Trends
First Solar (FSLR) has reported Retained Earnings for 18 consecutive years, with $7.6 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Retained Earnings rose 30.03% year-over-year to $7.6 billion; the trailing twelve-month figure through Jun 2026 stood at $7.6 billion (up 30.03% YoY), and the FY2025 full-year result was $6.8 billion, up 29.04% from the prior year.
- Retained Earnings rose to $7.6 billion in Q2 2026 per FSLR's latest filing, from $7.1 billion in the prior quarter.
- Across five years, Retained Earnings topped out at $7.6 billion in Q2 2026 and bottomed at $3.1 billion in Q4 2022.
- Historically, Retained Earnings has averaged $5.1 billion across 5 years, with a median of $5.1 billion in 2024.
- The sharpest annual moves came in 2022 and 2024: Retained Earnings declined 1.39% in 2022, then soared 35.89% in 2024.
- Over 5 years, Retained Earnings stood at $3.1 billion in 2022, then gained by 26.46% to $4.0 billion in 2023, then surged by 32.54% to $5.3 billion in 2024, then gained by 29.04% to $6.8 billion in 2025, then advanced by 11.33% to $7.6 billion in 2026.
- According to Business Quant data, Retained Earnings over the past three periods registered $7.6 billion, $7.1 billion, and $6.8 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 7.56 Bn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 4.36 Bn |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 1.36 Bn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | 1.93 Bn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 1.37 Bn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 498.50 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 1.37 Bn |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | -396.52 Mn |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | - |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | 135.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.56 Bn |
| Mar 31, 2026 | 7.14 Bn |
| Dec 31, 2025 | 6.79 Bn |
| Sep 30, 2025 | 6.27 Bn |
| Jun 30, 2025 | 5.81 Bn |
| Mar 31, 2025 | 5.47 Bn |
| Dec 31, 2024 | 5.26 Bn |
| Sep 30, 2024 | 4.87 Bn |
| Jun 30, 2024 | 4.56 Bn |
| Mar 31, 2024 | 4.21 Bn |
| Dec 31, 2023 | 3.97 Bn |
| Sep 30, 2023 | 3.62 Bn |
| Jun 30, 2023 | 3.35 Bn |
| Dec 31, 2022 | 3.14 Bn |
| Dec 31, 2021 | 3.18 Bn |
| Dec 31, 2020 | 2.72 Bn |
| Dec 31, 2019 | 2.33 Bn |
| Sep 30, 2019 | 2.39 Bn |
| Jun 30, 2019 | 2.36 Bn |
| Mar 31, 2019 | 2.37 Bn |