First Solar (FSLR) Work In Process (2009 - 2026)
First Solar (FSLR) reported Work In Process of $116.1 million for Q1 2026, down 15.51% on a YoY basis from $137.4 million in Q1 2025, and up 10.2% quarter-over-quarter from $105.3 million in Q4 2025.
First Solar (FSLR) Work In Process (2009 - 2026) Analysis & Trends
First Solar has reported Work In Process for 18 years, with the latest figure at $116.1 million in Q1 2026.
- For the quarter ending Q1 2026, Work In Process fell 15.51% year-over-year to $116.1 million; the trailing twelve-month figure through Mar 2026 stood at $116.1 million (down 15.51% YoY), and the FY2025 full-year result was $105.3 million, down 8.96% from the prior year.
- Work In Process for Q1 2026 stood at $116.1 million, up from $105.3 million in the prior quarter.
- The five-year high for Work In Process was $137.4 million in Q1 2025, with the low at $57.9 million in Q1 2022.
- Historically, Work In Process has averaged $93.5 million across 5 years, with a median of $92.5 million in 2023.
- Annual changes were most pronounced in 2023 — Work In Process soared 54.77% — and 2026, when it retreated 15.51%.
- First Solar's Work In Process stood at $66.6 million in 2022, then advanced by 17.74% to $78.5 million in 2023, then jumped by 47.45% to $115.7 million in 2024, then decreased by 8.96% to $105.3 million in 2025, then gained by 10.2% to $116.1 million in 2026.
- The last three Work In Process figures came in at $116.1 million (Q1 2026), $105.3 million (Q4 2025), and $119.6 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 | 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 |