First Solar reported second quarter 2026 financial results with net sales of $1.06 billion, a 4% year-over-year decrease driven by customer contract terminations partially offset by increased third-party module volume. Net income rose to $423 million, or $3.92 per diluted share, up from $342 million in the prior year period. Adjusted EBITDA reached $644 million compared to $560 million previously. The company maintained its full-year 2026 guidance unchanged, projecting net sales between $4.9 billion and $5.2 billion and adjusted EBITDA between $2.6 billion and $2.8 billion. First Solar ended the quarter with a contracted backlog of 45.1 GW extending through 2030 and reaffirmed its position as America’s leading photovoltaic solar technology and manufacturing company.

First Solar, Inc. announced it is issuing a press release and holding a conference call on April 30, 2026, to discuss its financial results for the first quarter ended March 31, 2026.

First Solar, Inc. has entered into a new $1.5 billion senior unsecured five-year revolving credit facility, which includes a $450 million sub-limit for letters of credit and an option to increase the total commitment by an additional $1 billion. This new agreement was executed concurrently with the voluntary termination of the company's existing senior secured revolving credit agreement.