First Solar cuts 2026 sales forecast as Section 232 tariff uncertainty slows module orders

First Solar lowered its full-year 2026 net sales guidance to between $4.6 billion and $4.9 billion, down from the $4.9 billion to $5.2 billion it gave after the second quarter, and cut its volume forecast to between 16.0 GW and 17.0 GW, citing slower orders after the August Section 232 tariff proclamation. CEO Mark Widmar said developers are holding back 2029 and 2030 module procurement while they await guidance on Foreign Entity of Concern rules and on how Section 232 minimum import prices and anti-stockpiling rules will be enforced.