First Solar Earnings: Gross Margin Surges on Tariff Benefits and Tax Credit-Boosted Module Sales

First Solar saw net sales decrease by 4% year on year to $1.06 billion, but adjusted EBITDA grow 15% year on year to $644 million, implying margin expansion of 990 basis points to 60.9%. Guidance is still calling for $2.7 billion at the midpoint, despite strong year-to-date performance.