First Solar Q1 2026 Earnings Release: Record Revenue and Strong Growth

First Solar, Inc. reported strong first quarter 2026 financial results with net sales of $1.04 billion, representing a 24% year-over-year increase. The company achieved net income of $347 million, or $3.22 per diluted share, marking a 65% increase compared to Q1 2025. Adjusted EBITDA reached $520 million, up from $379 million in the prior year period. The company maintained a solid financial position with gross cash of $2.4 billion and net cash of $2.0 billion as of March 31, 2026. First Solar reaffirmed its full-year 2026 guidance across all key metrics, including volume sold (17.0-18.2 GW), net sales ($4.9-5.2 billion), and Adjusted EBITDA ($2.6-2.8 billion). The company highlighted record first-quarter revenue, strong sales in India, and meaningful margin expansion, attributing its competitive strength to differentiated technology and domestic manufacturing independence from Chinese supply chains.