First Solar reports 58% gross margin in Q3, trims 2026 sales guidance after Section 232 proclamation

First Solar reported third-quarter 2026 net sales of $1.23 billion, a 58% gross margin and $571 million in net income, and lowered its full-year 2026 net sales guidance to $4.6 billion to $4.9 billion from $4.9 billion to $5.2 billion, with volume sold forecast at 16.0 GW to 17.0 GW. CEO Mark Widmar said developers are holding back 2029 and 2030 module procurement while they await further guidance on Foreign Entity of Concern rules and uncertainty over how Section 232 minimum import prices and anti-stockpiling rules will be enforced.