First Solar (FSLR) Work In Process (2009 - 2026)
First Solar (FSLR) posted Work In Process of $116.1 million for Q1 2026, up 10.2% on a QoQ basis from $105.3 million in Q4 2025, and down 15.51% year-over-year from $137.4 million in Q1 2025.
First Solar (FSLR) Work In Process (2009 - 2026) Analysis & Trends
First Solar's Work In Process history runs 18 years deep, the most recent figure standing at $116.1 million for Q1 2026.
- Quarterly Work In Process fell 15.51% year-over-year to $116.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $116.1 million (down 15.51% YoY) and the FY2025 annual result came in at $105.3 million, down 8.96% from the prior year.
- Work In Process was $116.1 million for Q1 2026 at First Solar, up from $105.3 million in the prior quarter.
- Across five years, Work In Process topped out at $137.4 million in Q1 2025 and bottomed at $57.9 million in Q1 2022.
- A 5-year average of $93.5 million and a median of $92.5 million in 2023 frame the typical range for Work In Process.
- Annual changes were most pronounced in 2023 — Work In Process soared 54.77% — and 2026, when it dropped 15.51%.
- First Solar's Work In Process stood at $66.6 million in 2022, then grew by 17.74% to $78.5 million in 2023, then soared by 47.45% to $115.7 million in 2024, then dropped by 8.96% to $105.3 million in 2025, then climbed by 10.2% to $116.1 million in 2026.
- Business Quant data shows FSLR's Work In Process at $116.1 million in Q1 2026, $105.3 million in Q4 2025, and $119.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 116.07 Mn |
| Dec 31, 2025 | 105.33 Mn |
| Sep 30, 2025 | 119.62 Mn |
| Jun 30, 2025 | 107.55 Mn |
| Mar 31, 2025 | 137.37 Mn |
| Dec 31, 2024 | 115.70 Mn |
| Sep 30, 2024 | 120.05 Mn |
| Jun 30, 2024 | 101.78 Mn |
| Mar 31, 2024 | 91.05 Mn |
| Dec 31, 2023 | 78.46 Mn |
| Sep 30, 2023 | 92.49 Mn |
| Jun 30, 2023 | 83.16 Mn |
| Mar 31, 2023 | 75.73 Mn |
| Dec 31, 2022 | 66.64 Mn |
| Sep 30, 2022 | 59.76 Mn |
| Jun 30, 2022 | 60.09 Mn |
| Mar 31, 2022 | 57.85 Mn |
| Dec 31, 2021 | 65.57 Mn |
| Sep 30, 2021 | 61.20 Mn |
| Jun 30, 2021 | 60.84 Mn |