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
DateValue
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