Investing
CapEx
First Solar CapEx decreased by 31.0% to $118.53M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 42.5%, from $205.97M to $118.53M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 12.6% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2014
Last reportedQ1 2026
How to read this metric
An increase often signals growth initiatives and capacity expansion, while a decrease may suggest cost-cutting or a shift toward asset-light strategies.
Detailed definition
This metric measures the cash outflows used to acquire, upgrade, and maintain physical assets such as property, building...
Peer comparison
Commonly compared as a percentage of revenue; capital-intensive firms like Abbott require consistent investment to remain competitive in medical technology.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $90.63M | $164.62M | $194.89M | $154.76M | $198.69M | $223.26M | $326.90M | $370.96M | $382.70M | $286.21M | $346.91M | $413.46M | $365.16M | $433.92M | $313.54M | $205.97M | $288.13M | $204.05M | $171.73M | $118.53M |
| QoQ Change | — | +81.6% | +18.4% | -20.6% | +28.4% | +12.4% | +46.4% | +13.5% | +3.2% | -25.2% | +21.2% | +19.2% | -11.7% | +18.8% | -27.7% | -34.3% | +39.9% | -29.2% | -15.8% | -31.0% |
| YoY Change | — | — | — | — | +119.2% | +35.6% | +67.7% | +139.7% | +92.6% | +28.2% | +6.1% | +11.5% | -4.6% | +51.6% | -9.6% | -50.2% | -21.1% | -53.0% | -45.2% | -42.5% |
Range$90.63M – $433.92M
CAGR+5.8%
Avg YoY Growth+20.4%
Median YoY Growth+8.8%
Current Streak3 quarters decline
CapEx at Other Companies
Frequently Asked Questions
- What is First Solar's capex?
- First Solar (FSLR) reported capex of $118.53M in Q1 2026.
- How has First Solar's capex changed year-over-year?
- First Solar's capex decreased by 42.5% year-over-year, from $205.97M to $118.53M.
- What is the long-term trend for First Solar's capex?
- Over 4 years (2021 to 2025), First Solar's capex has grown at a 12.6% compound annual growth rate (CAGR), from $540.29M to $869.88M.
- What does capex mean?
- Cash spent on purchasing or maintaining physical assets like machinery and facilities.