First Solar reported third-quarter net sales of $1.23 billion and diluted earnings per share of $5.30, up 25% year-over-year despite a 23% decline in revenue driven by lower module volumes sold to third parties. Adjusted EBITDA rose 11% to $744 million. The company also updated its full-year 2026 guidance, lowering volume sales forecasts to 16.0–17.0 GW and net sales to $4.6–$4.9 billion. Additionally, the board authorized a new share repurchase program of up to $500 million with no expiration date. First Solar is America's leading photovoltaic solar technology and manufacturing company.
