First Solar

Cash, cash equivalents, restricted cash, restricted cash equivalents, and marketable securities, less debt at the end of the third quarter, increased to $1.5 billion from $0.6 billion at the end of the prior quarter.

SEC original ↗First Solar — Earnings release (8-K exhibit)EX-99Oct 30, 2025

com Our 2025 guidance has been updated as follows Prior Current Net Sales $4.90B to $5.70B $4.95B to $5.20B Gross Margin (1) $2.05B to $2.35B $2.10B to $2.20B Operating Expenses (2) $480M to $520M $515M to $535M Operating Income (3) $1.53B to $1.87B $1.56B to $1.68B Earnings per Diluted Share $13.50 to $16.50 $14.00 to $15.00 Net Cash Balance (4) $1.3B to $2.0B $1.6B to $2.1B Capital Expenditures $1.0B to $1.5B $0.9B to $1.2B Volume Sold 16.7GW to 19.3GW 16.7GW to 17.4GW (1) Assumes $155 million to $165 million of ramp and underutilization costs and $1.56 billion to $1.59 billion of Section 45X tax credits.

SEC original ↗First Solar — Earnings release (8-K exhibit)EX-99Oct 30, 2025

(4) Defined as cash, cash equivalents, restricted cash, restricted cash equivalents, and marketable securities, less expected debt at the end of 2025.

SEC original ↗First Solar — Earnings release (8-K exhibit)EX-99Oct 30, 2025

com share, net cash balance, capital expenditures, expected earnings cadence, volume sold, bookings, and expected module shipments products and our business and financial objectives for 2025 the availability of benefits under certain production linked incentive programs, and the impact of the Internal Revenue Code including the Section 45X tax credits and the impact of the implementation of new tariffs.

SEC original ↗First Solar — Earnings release (8-K exhibit)EX-99Oct 30, 2025

-headquartered company among the world s largest solar manufacturers, First Solar is focused on competitively and reliably enabling power generation needs with our advanced, uniquely American thin film PV technology.

SEC original ↗First Solar — Earnings release (8-K exhibit)EX-99Oct 30, 2025

While trade and policy developments have introduced new challenges for many in our industry, we continue to differentiate ourselves by offering pricing and delivery certainty, enabling us to respond effectively to evolving demand drivers and reinforce our leadership.

SEC original ↗First Solar — Earnings release (8-K exhibit)EX-99Oct 30, 2025

com share, net cash balance, capital expenditures, expected earnings cadence, volume sold, bookings, and expected module shipments products and our business and financial objectives for 2025 the availability of benefits under certain production linked incentive programs, and the impact of the Internal Revenue Code including the Section 45X tax credits and the impact of the implementation of new tariffs.

SEC original ↗First Solar — Earnings release (8-K exhibit)EX-99Oct 30, 2025

These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by our forward-looking statements.

SEC original ↗First Solar — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Net income — prior quarter passage and this quarter's passage are both cited.

SEC original ↗First Solar — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗First Solar — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Gross margin — prior quarter passage and this quarter's passage are both cited.

SEC original ↗First Solar — Earnings release (8-K exhibit)EX-99Oct 30, 2025