First Solar Work in process increased by 10.2% to $116.07M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 15.5%, from $137.37M to $116.07M. Over 5 years (FY 2020 to FY 2025), Work in process shows an upward trend with a 10.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase may indicate production bottlenecks or scaling efforts, while a decrease suggests efficient throughput or reduced manufacturing activity.
Represents the value of goods that have entered the production process but are not yet finished. For a manufacturer like...
Peers in medical device manufacturing typically maintain lean WIP levels to optimize cash conversion cycles.
inv_work_in_progress| 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 | $60.84M | $61.20M | $65.57M | $57.85M | $60.09M | $59.76M | $66.64M | $75.73M | $83.16M | $92.49M | $78.46M | $91.05M | $101.78M | $120.05M | $115.70M | $137.37M | $107.55M | $119.62M | $105.33M | $116.07M |
| QoQ Change | — | +0.6% | +7.2% | -11.8% | +3.9% | -0.5% | +11.5% | +13.6% | +9.8% | +11.2% | -15.2% | +16.0% | +11.8% | +18.0% | -3.6% | +18.7% | -21.7% | +11.2% | -11.9% | +10.2% |
| YoY Change | — | — | — | — | -1.2% | -2.3% | +1.6% | +30.9% | +38.4% | +54.8% | +17.7% | +20.2% | +22.4% | +29.8% | +47.5% | +50.9% | +5.7% | -0.4% | -9.0% | -15.5% |
| % of Inventories | 26.8% | 25.9% | 27.6% | 24.3% | 25.1% | 24.9% | 25.6% | 29.9% | 32.3% | 35.4% | 29.4% | 34.4% | 37.1% | 44.5% | 42.0% | 49.6% | 39.9% | 47.0% | 44.4% | 53.5% |
| Share Change | — | -1.0pp | +1.7pp | -3.3pp | +0.8pp | -0.2pp | +0.7pp | +4.3pp | +2.4pp | +3.1pp | -6.0pp | +5.0pp | +2.8pp | +7.4pp | -2.5pp | +7.6pp | -9.8pp | +7.1pp | -2.6pp | +9.1pp |