Semiconductors
First Solar reported a 3.7% year-over-year revenue decline to $1.06B in Q2 FY2026 due to contract terminations, yet expanded net income 23.6% to $422.57M driven by IEEPA tariff refunds, Section 45X credits, and disciplined cost execution.
Key risk: Dynamic Trade Policy and Import Tariffs
Following the Supreme Court invalidation of IEEPA tariffs, new Section 122 and Section 301 tariffs were implemented, impacting module production and shipping costs across international locations such as Malaysia, Vietnam, and India. Source: 10-Q Item 1A, p.55-56
Other Semiconductors companies