Good afternoon, and welcome to First Solar's First Quarter 2026 Earnings Conference Call. This call is being webcast live on the Investors section of First Solar's website at investor.firstsolar.com.

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Q1 net sales 11% (organic 8.2%; foreign exchange 0.6%; M&A 2.3%) Q1 operating margin 17.4%; adjusted operating margin 19.8% (up 110 bps y/y) Raising FY 2026 diluted EPS expected range to $17.45-$18.00 ...