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 property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

First Solar FSLR CapEx

CapEx at other companies

SolarEdge TechnologiesSEDG

$3.7M-63.4%

Enphase EnergyENPH

$19.9M+36.2%

Shoals Technologies Group, Inc.SHLS

$7.65M+138%

SunrunRUN

$409K+86.8%

FTC SolarFTCI

$276K+233%

Solaris Energy InfrastructureSEI

$343.36M+138%

Other financials

Income statement

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Revenue$1.0B+23.6%

Gross profit$486.1M+41.2%

Operating income$345.3M+56.1%

Net income$346.6M+65.4%

EPS (diluted)$3.22+65.1%

Balance sheet

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Cash & equivalents$2.4B+182%

Total debt$590.9M-6.5%

Total equity$9.9B+20.7%

Total assets$13.4B+10.2%

Cash flow

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Operating cash flow-$214.9M+64.7%

Free cash flow-$333.4M+59.0%

Valuation

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Market cap$25.35B+44.6%

Enterprise value$23.57B+38.1%

P/E15.2×+1.3×

P/S4.7×+0.6×

Profitability

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Gross margin41.7%-1.9pp

Operating margin31.8%-0.5pp

Net margin30.7%+1.0pp

FCF margin30.8%—

Returns & leverage

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Return on equity18.4%+1.7pp

Debt / equity0.1×0.0×

Current ratio2.6×+0.6×

Where this comes from

Reported directly by First Solar in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: First Solar’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.