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First Solar’s 45.1-Gigawatt Backlog — A Solar Powerhouse Is Building Through 2030!

First Solar reported second quarter 2026 results characterized by record sales volumes and improvements in financial performance relative to the prior year, supported by its continued focus on domestic manufacturing and technology advancements. The company achieved net sales exceeding $1 billion with a gross margin of approximately 57%, a significant increase driven largely by tariff-related recoveries, enhanced mix of modules qualifying for tax incentives, and lower logistics costs. Adjusted EBITDA reached $644 million, reflecting a strong margin of 61%, alongside a net income increase of about 24% year-over-year. First Solar also surpassed a cumulative sales milestone of 100 gigawatts, underscoring an established, global presence in photovoltaic modules. Operationally, First Solar maintains high utilization rates at its U.S. facilities, with its South Carolina finishing facility expected to commence phased production in the second half of 2026 and mid-2027.