{"meta":{"as_of":"2026-09-19","revision":3,"skeleton":false,"compiled_at":"2026-09-19T19:06:31.676489+00:00","extract_url":null,"extract_form":null,"authored_hash":"f1748369d9498daffe6b200e87364e42","extract_filed":null,"extract_source":"authored","generated_hash":"cfb5e2bbaab213294de3bf10a40a886b","research_stage":"operating_scenarios","business_authored":true,"extract_accession":null,"research_reviewed_at":"2026-09-19"},"model":{"entity":"First Solar, Inc.","source":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","quarters":[{"cfo":{"value":-53734000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-10-30","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"fcf":{"value":-487653000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-10-30","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"cash":{"value":1005130000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2024-10-29","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001274494-24-000038","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"capex":{"value":433919000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-10-30","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"revenue":{"value":887668000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-30","concept":"Revenues","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"net_income":{"value":312956000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-30","concept":"NetIncomeLoss","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"period_end":"2024-09-30","eps_diluted":{"value":2.91,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-30","concept":"EarningsPerShareDiluted","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"fiscal_label":"2024Q3","gross_profit":{"value":445311000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-30","concept":"GrossProfit","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"debt_long_term":{"value":373321000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2024-10-29","concept":"LongTermDebtNoncurrent","accession":"0001274494-24-000038","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"shares_diluted":{"value":107562000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-30","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"operating_income":{"value":321999000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-30","concept":"OperatingIncomeLoss","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}}},{"cfo":{"value":810996000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"fcf":{"value":497457000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"cash":{"value":1621376000.0,"provenance":{"form":"10-K","class":"reported","filed":"2026-02-24","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"capex":{"value":313539000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"revenue":{"value":1514031000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"Revenues","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"net_income":{"value":393116000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"NetIncomeLoss","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"period_end":"2024-12-31","eps_diluted":null,"fiscal_label":"2024Q4","gross_profit":{"value":567661000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"GrossProfit","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"debt_long_term":{"value":373354000.0,"provenance":{"form":"10-K","class":"reported","filed":"2026-02-24","concept":"LongTermDebtNoncurrent","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"shares_diluted":null,"operating_income":{"value":456769000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"OperatingIncomeLoss","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}}},{"cfo":{"value":-607982000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"fcf":{"value":-813948000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-04-30","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"cash":{"value":837641000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-04-29","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001274494-25-000033","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"capex":{"value":205966000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"revenue":{"value":844568000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"Revenues","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"net_income":{"value":209535000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"NetIncomeLoss","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"period_end":"2025-03-31","eps_diluted":{"value":1.95,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"EarningsPerShareDiluted","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"fiscal_label":"2025Q1","gross_profit":{"value":344403000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"GrossProfit","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"debt_long_term":{"value":327942000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-04-29","concept":"LongTermDebtNoncurrent","accession":"0001274494-25-000033","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"shares_diluted":{"value":107415000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"operating_income":{"value":221244000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"OperatingIncomeLoss","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}}},{"cfo":{"value":149577000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-07-30","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"fcf":{"value":-138557000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-07-30","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"cash":{"value":1124740000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-07-31","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001274494-25-000054","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"capex":{"value":288134000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-07-30","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"revenue":{"value":1097170000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"Revenues","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"net_income":{"value":341868000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"NetIncomeLoss","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"period_end":"2025-06-30","eps_diluted":{"value":3.18,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"EarningsPerShareDiluted","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"fiscal_label":"2025Q2","gross_profit":{"value":499850000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"GrossProfit","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"debt_long_term":{"value":327972000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-07-31","concept":"LongTermDebtNoncurrent","accession":"0001274494-25-000054","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"shares_diluted":{"value":107518000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"operating_income":{"value":361607000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"OperatingIncomeLoss","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}}},{"cfo":{"value":1273617000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-10-30","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"fcf":{"value":1069569000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-10-30","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"cash":{"value":1992173000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-30","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"capex":{"value":204048000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-10-30","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"revenue":{"value":1594856000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-30","concept":"Revenues","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"net_income":{"value":455943000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-30","concept":"NetIncomeLoss","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"period_end":"2025-09-30","eps_diluted":{"value":4.24,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-30","concept":"EarningsPerShareDiluted","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"fiscal_label":"2025Q3","gross_profit":{"value":610745000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-30","concept":"GrossProfit","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"debt_long_term":{"value":282565000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-30","concept":"LongTermDebtNoncurrent","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"shares_diluted":{"value":107538000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-30","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"operating_income":{"value":466095000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-30","concept":"OperatingIncomeLoss","accession":"0001274494-25-000082","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}}},{"cfo":{"value":1241893000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"fcf":{"value":1070166000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"cash":{"value":2803514000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"capex":{"value":171727000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"revenue":{"value":1682782000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"Revenues","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"net_income":{"value":520883000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"NetIncomeLoss","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"period_end":"2025-12-31","eps_diluted":null,"fiscal_label":"2025Q4","gross_profit":{"value":665341000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"GrossProfit","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"debt_long_term":{"value":282593000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"LongTermDebtNoncurrent","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"shares_diluted":null,"operating_income":{"value":547918000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"OperatingIncomeLoss","accession":"0001274494-26-000021","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}}},{"cfo":{"value":-214866000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"fcf":{"value":-333395000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-04-30","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"cash":{"value":2362979000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"capex":{"value":118529000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"revenue":{"value":1044240000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"Revenues","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"net_income":{"value":346619000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"NetIncomeLoss","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"period_end":"2026-03-31","eps_diluted":{"value":3.22,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"EarningsPerShareDiluted","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"fiscal_label":"2026Q1","gross_profit":{"value":486131000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"GrossProfit","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"debt_long_term":{"value":237182000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"LongTermDebtNoncurrent","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"shares_diluted":{"value":107623000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"operating_income":{"value":345303000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-30","concept":"OperatingIncomeLoss","accession":"0001274494-26-000109","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}}},{"cfo":{"value":-144901000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-07-30","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"fcf":{"value":-306221000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-07-30","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"cash":{"value":1688279000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"capex":{"value":161320000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-07-30","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"revenue":{"value":1056193000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"Revenues","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"net_income":{"value":422569000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"NetIncomeLoss","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"period_end":"2026-06-30","eps_diluted":{"value":3.92,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"EarningsPerShareDiluted","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"fiscal_label":"2026Q2","gross_profit":{"value":605004000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"GrossProfit","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"debt_long_term":{"value":0.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"LongTermDebtNoncurrent","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"shares_diluted":{"value":107732000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}},"operating_income":{"value":450386000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-30","concept":"OperatingIncomeLoss","accession":"0001274494-26-000170","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json","retrieved_at":"2026-09-19T19:06:31+00:00","reviewed_through":null}}}],"retrieved_at":"2026-09-19T19:06:31+00:00"},"notes":[],"memory":{"as_of":"2026-09-18","bands":{"1d":{"p10":-1.965,"p50":0.065,"p90":2.123,"p_up":0.52},"5d":{"p10":-7.042,"p50":0.136,"p90":5.172,"p_up":0.523},"10d":{"p10":-9.666,"p50":0.285,"p90":7.951,"p_up":0.52}},"state":"up/below/off/stuck/ordinary/weak/some","reason":null,"coverage":"ok","analogs_n":300,"disclaimer":"Historical distributions of what followed similar states, measured before today's news. Not a forecast; no side."},"schema":"company_file.v1","thesis":{"view":"The central question is the quality and cash realization of the contracted earnings base. Long-dated orders offer visibility, but cancellation disputes, specification changes and project delays keep backlog from being equivalent to cash. We separate margin earned before manufacturing credits from credit income, then ask when both turn into receipts. Strong reported profitability can coexist with cash absorption while inventories and government receivables expand.","scenario_ranges":"Explicit downside/base/upside business assumptions; not price targets, probabilities or historical market-memory bands.","what_changes_it":"A durable improvement requires delivered volume, margin before credits and collections to move together. Contract concessions, slower credit monetization, plant underutilization or higher capital spending would require a weaker cash case even if the reported backlog remains large."},"no_side":true,"sources":[{"url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","title":"July 30 Q2 results, financial statements and reaffirmed guidance","retrieved":"2026-09-19"},{"url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000170/fslr-20260630.htm","title":"July 30 Q2 Form 10-Q; grants, tariff refunds, backlog and cash flows","retrieved":"2026-09-19"}],"business":{"drivers":["Delivered watts, realized pricing and factory utilization determine module economics.","Eligible U.S. production generates credits whose cash timing differs from accounting profit.","Customer payments, inventory and factory investment determine cash generation."],"description":"First Solar manufactures thin-film photovoltaic modules for large solar projects. It commits manufacturing capacity through multiyear customer contracts, then recognizes sales as control of modules transfers. Economics depend on delivered volume, contracted pricing and adjustments, factory utilization, logistics and technology performance. U.S. manufacturing credits are recorded in cost of sales but collected or transferred on a different timetable. New factories and finishing capacity require cash before their output produces customer receipts."},"earnings":{"source":"estimated from 10-Q filed 2026-07-30 plus 90 days","next_report_date":"2026-10-28"},"identity":{"cik":1274494,"sic":"3674","name":"FIRST SOLAR, INC.","symbol":"FSLR","cluster":"Energy, materials & power","exchange":"Nasdaq"},"research":{"risks":["Customer disputes, contract changes and project financing can defer or reduce deliveries.","Manufacturing-credit eligibility, monetization discounts and collection timing can change earnings or cash independently.","Factory ramp, underutilization, technology performance and warranties can consume the expected margin.","Trade restrictions, tariffs and export-market pricing affect U.S. and international production differently."],"title":"Contracted module earnings are not the same as cash in hand","question":"What part of earnings comes from module economics, manufacturing credits and nonrecurring benefits, and when is each collected?","economics":"The Q2 filing reconciles $605.0M gross profit with a net $88.6M tariff-refund benefit. The first half still used $359.8M of operating cash. Company guidance assumes substantial manufacturing credits, so the model displays those separately rather than extrapolating Q2 gross margin. Its cash bridge swaps accrued credits for assumed collections. The backlog is a delivery schedule subject to contract terms and execution, not an unconditional revenue guarantee. Net cash from the previously recognized tariff refund is also modeled separately from its earnings benefit, so a delayed payment can lower cash without changing gross profit.","change_note":"First sourced operating and cash scenarios. Separates 45X accrual, credit collections, tariff-refund recognition and net refund cash; reported H1 remains intact.","checkpoints":[{"event":"Next quarterly results","watch":"Compare delivered volume, credit accrual, credit cash receipts and capex separately. Reconcile any refund update to the earlier recognized benefit.","timing":"Late October / early November 2026; issuer date not verified","date_status":"estimated"},{"event":"Contract and manufacturing updates","watch":"Check cancellation/renegotiation exposure, capacity utilization, technology-linked price adjustments and factory spending.","timing":"As disclosed","date_status":"event_driven"}],"countercase":"Domestic manufacturing scale and performance differentiation may sustain stronger pricing and customer demand than a commodity-module framework suggests. Efficient factory ramps and faster credit collection could make the cautious cash assumptions too low. The competing concern is that policy-supported gross profit masks weaker returns before subsidies and expansion capital.","limitations":["The analytical pre-credit margin is derived from guidance midpoints, not a disclosed segment measure or a normalized company earnings metric.","The cash bridge does not forecast a full grant-receivable roll-forward, tax return or ending net-cash balance.","No diluted EPS, share-price valuation or return forecast is supplied."],"reviewed_at":"2026-09-19"},"estimates":{"rows":[{"eps":null,"as_of":"2026-09-19","basis":"Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2026Q3","revenue":1327305150.0000002},{"eps":null,"as_of":"2026-09-19","basis":"Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2026Q4","revenue":1622261850.0},{"eps":null,"as_of":"2026-09-19","basis":"Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2027Q1","revenue":1111000000.0},{"eps":null,"as_of":"2026-09-19","basis":"Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2027Q2","revenue":1277650000.0}],"basis":"Desk base scenario from the operating model; not consensus. Revenue basis: Revenue ($M).","consensus":null,"revisions":[]},"scorecard":{"inside_5d":null,"notes_scored":0,"band_coverage_5d":null},"disclosure":"All positions in the Research Model Portfolio are simulated. No real money is invested in this model. Our research is free and is not tailored to any reader's financial circumstances.","operating_model":{"cells":[{"id":"h1_revenue","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported consolidated amount, converted from thousands to millions.","label":"H1 2026 Revenue","value":2100.433,"period":"2026H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"h1_gross_profit","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported consolidated amount, converted from thousands to millions.","label":"H1 2026 GAAP gross profit","value":1091.135,"period":"2026H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"h1_operating_income","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported consolidated amount, converted from thousands to millions.","label":"H1 2026 GAAP operating income","value":795.689,"period":"2026H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"h1_cfo","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported consolidated amount, converted from thousands to millions.","label":"H1 2026 Operating cash flow","value":-359.767,"period":"2026H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"h1_capex","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported consolidated amount, converted from thousands to millions.","label":"H1 2026 Cash capex","value":279.849,"period":"2026H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"q2_revenue","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported consolidated amount, converted from thousands to millions.","label":"Q2 revenue","value":1056.193,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"q2_gross_profit","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported consolidated amount, converted from thousands to millions.","label":"Q2 GAAP gross profit","value":605.004,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"refund_benefit","case":"shared","kind":"reported","unit":"USD_millions","basis":"Expected refunds less estimated customer amounts payable; a recognized benefit, not proof of cash receipt.","label":"Q2 net tariff-refund gross-profit benefit","value":88.6,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000170/fslr-20260630.htm","source_date":"2026-07-30"},{"id":"h1_tax_credit_cash_a","case":"shared","kind":"reported","unit":"USD_millions","basis":"Remaining proceeds for 2025 credit-sale agreements.","label":"H1 proceeds from previously sold credits","value":95.2,"period":"2026H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000170/fslr-20260630.htm","source_date":"2026-07-30"},{"id":"h1_tax_credit_cash_b","case":"shared","kind":"reported","unit":"USD_millions","basis":"Cash received for credits generated during 2024.","label":"H1 Treasury credit receipt","value":117.6,"period":"2026H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000170/fslr-20260630.htm","source_date":"2026-07-30"},{"id":"h1_credit_cash","case":"shared","kind":"derived","unit":"USD_millions","basis":"Two disclosed credit cash streams; not 2026 credit accrual.","label":"Disclosed H1 credit cash receipts","value":212.8,"period":"2026H1","formula":{"op":"sum","refs":["h1_tax_credit_cash_a","h1_tax_credit_cash_b"]},"source_url":null,"source_date":null},{"id":"current_debt","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported consolidated amount, converted from thousands to millions.","label":"Current debt","value":37.635,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"credit_receivables_current","case":"shared","kind":"reported","unit":"USD_millions","basis":"Includes government grants; not all receivables are identical credit vintages.","label":"Current government-grant receivables","value":284.549,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"credit_receivables_noncurrent","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported consolidated amount, converted from thousands to millions.","label":"Noncurrent government-grant receivables","value":978.788,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"fy26_revenue_guide_low","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Company guidance; not a desk forecast.","label":"FY2026 sales guidance low","value":4900.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"fy26_revenue_guide_high","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Company guidance; not a desk forecast.","label":"FY2026 sales guidance high","value":5200.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"two","case":"shared","kind":"assumption","unit":"ratio","basis":"Arithmetic constant.","label":"Midpoint divisor","value":2.0,"period":"Model","formula":null,"source_url":null,"source_date":null},{"id":"fy26_revenue_guide_sum","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic intermediate.","label":"FY2026 sales guidance endpoint sum","value":10100.0,"period":"FY2026","formula":{"op":"sum","refs":["fy26_revenue_guide_low","fy26_revenue_guide_high"]},"source_url":null,"source_date":null},{"id":"fy26_revenue_guide","case":"shared","kind":"derived","unit":"USD_millions","basis":"Calculated midpoint of the company range; not an additional company forecast.","label":"FY2026 sales guidance midpoint","value":5050.0,"period":"FY2026","formula":{"op":"divide","refs":["fy26_revenue_guide_sum","two"]},"source_url":null,"source_date":null},{"id":"fy26_gross_guide_low","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Company guidance; not a desk forecast.","label":"FY2026 gross-profit guidance low","value":2400.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"fy26_gross_guide_high","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Company guidance; not a desk forecast.","label":"FY2026 gross-profit guidance high","value":2600.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"fy26_gross_guide_sum","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic intermediate.","label":"FY2026 gross-profit guidance endpoint sum","value":5000.0,"period":"FY2026","formula":{"op":"sum","refs":["fy26_gross_guide_low","fy26_gross_guide_high"]},"source_url":null,"source_date":null},{"id":"fy26_gross_guide","case":"shared","kind":"derived","unit":"USD_millions","basis":"Calculated midpoint of the company range; not an additional company forecast.","label":"FY2026 gross-profit guidance midpoint","value":2500.0,"period":"FY2026","formula":{"op":"divide","refs":["fy26_gross_guide_sum","two"]},"source_url":null,"source_date":null},{"id":"fy26_credit_guide_low","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Company guidance; not a desk forecast.","label":"FY2026 45X-credit assumption low","value":2100.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"fy26_credit_guide_high","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Company guidance; not a desk forecast.","label":"FY2026 45X-credit assumption high","value":2190.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"fy26_credit_guide_sum","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic intermediate.","label":"FY2026 45X-credit assumption endpoint sum","value":4290.0,"period":"FY2026","formula":{"op":"sum","refs":["fy26_credit_guide_low","fy26_credit_guide_high"]},"source_url":null,"source_date":null},{"id":"fy26_credit_guide","case":"shared","kind":"derived","unit":"USD_millions","basis":"Calculated midpoint of the company range; not an additional company forecast.","label":"FY2026 45X-credit assumption midpoint","value":2145.0,"period":"FY2026","formula":{"op":"divide","refs":["fy26_credit_guide_sum","two"]},"source_url":null,"source_date":null},{"id":"fy26_opex_guide_low","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Company guidance; not a desk forecast.","label":"FY2026 operating-expense guidance low","value":610.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"fy26_opex_guide_high","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Company guidance; not a desk forecast.","label":"FY2026 operating-expense guidance high","value":635.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"fy26_opex_guide_sum","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic intermediate.","label":"FY2026 operating-expense guidance endpoint sum","value":1245.0,"period":"FY2026","formula":{"op":"sum","refs":["fy26_opex_guide_low","fy26_opex_guide_high"]},"source_url":null,"source_date":null},{"id":"fy26_opex_guide","case":"shared","kind":"derived","unit":"USD_millions","basis":"Calculated midpoint of the company range; not an additional company forecast.","label":"FY2026 operating-expense guidance midpoint","value":622.5,"period":"FY2026","formula":{"op":"divide","refs":["fy26_opex_guide_sum","two"]},"source_url":null,"source_date":null},{"id":"fy26_capex_guide_low","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Company guidance; not a desk forecast.","label":"FY2026 capex guidance low","value":800.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"fy26_capex_guide_high","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Company guidance; not a desk forecast.","label":"FY2026 capex guidance high","value":1000.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/ex991pressreleaseq2-2026.htm","source_date":"2026-07-30"},{"id":"fy26_capex_guide_sum","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic intermediate.","label":"FY2026 capex guidance endpoint sum","value":1800.0,"period":"FY2026","formula":{"op":"sum","refs":["fy26_capex_guide_low","fy26_capex_guide_high"]},"source_url":null,"source_date":null},{"id":"fy26_capex_guide","case":"shared","kind":"derived","unit":"USD_millions","basis":"Calculated midpoint of the company range; not an additional company forecast.","label":"FY2026 capex guidance midpoint","value":900.0,"period":"FY2026","formula":{"op":"divide","refs":["fy26_capex_guide_sum","two"]},"source_url":null,"source_date":null},{"id":"guide_gross_before_credits","case":"shared","kind":"derived","unit":"USD_millions","basis":"Analytical bridge removes the midpoint of disclosed 45X assumptions.","label":"Guidance midpoint gross profit before credits","value":355.0,"period":"FY2026","formula":{"op":"subtract","refs":["fy26_gross_guide","fy26_credit_guide"]},"source_url":null,"source_date":null},{"id":"guide_gross_before_refund","case":"shared","kind":"derived","unit":"USD_millions","basis":"Keeps the already recognized refund separate from repeatable module economics.","label":"Guidance midpoint gross profit before credits/refund","value":266.4,"period":"FY2026","formula":{"op":"subtract","refs":["guide_gross_before_credits","refund_benefit"]},"source_url":null,"source_date":null},{"id":"guide_core_margin","case":"shared","kind":"derived","unit":"ratio","basis":"Midpoint decomposition, not a company-disclosed segment margin.","label":"Analytical margin before credits/refund","value":0.05275247524752475,"period":"FY2026","formula":{"op":"divide","refs":["guide_gross_before_refund","fy26_revenue_guide"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_delivery","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk combined shipment, realized-price and mix sensitivity versus the guidance midpoint in FY2026 or prior modeled year in FY2027.","label":"Revenue delivery/price factor","value":0.95,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2026_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Revenue anchor times a separately stated execution assumption.","label":"Revenue","value":4797.5,"period":"FY2026","formula":{"op":"multiply","refs":["fy26_revenue_guide","downside_fy2026_delivery"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_eligible_factor","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity to eligible U.S. production and deliveries; separate from total worldwide revenue.","label":"Eligible-production credit factor","value":0.92,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2026_credits","case":"downside","kind":"derived","unit":"USD_millions","basis":"Credit anchor times eligible-production factor; this is not a cash receipt.","label":"Accrued 45X manufacturing credits","value":1973.4,"period":"FY2026","formula":{"op":"multiply","refs":["fy26_credit_guide","downside_fy2026_eligible_factor"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_core_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity to price, mix, logistics, startup and utilization costs. No new tariff refund is included in this margin.","label":"Gross margin before credits and refund","value":0.02,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2026_core_gross","case":"downside","kind":"derived","unit":"USD_millions","basis":"Sales times the analytical underlying gross margin.","label":"Gross profit before credits/refund","value":95.95,"period":"FY2026","formula":{"op":"multiply","refs":["downside_fy2026_revenue","downside_fy2026_core_margin"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Adds manufacturing credits; FY2026 also retains the refund already recognized in the first half.","label":"GAAP gross profit","value":2157.95,"period":"FY2026","formula":{"op":"sum","refs":["downside_fy2026_core_gross","downside_fy2026_credits","refund_benefit"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_opex","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk SG&A, R&D and production-startup budget; FY2026 base is the company-range midpoint.","label":"GAAP operating expenses","value":635.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2026_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Gross profit less GAAP operating expenses, including startup costs.","label":"GAAP operating income","value":1522.9499999999998,"period":"FY2026","formula":{"op":"subtract","refs":["downside_fy2026_gross_profit","downside_fy2026_opex"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_depreciation","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk noncash-expense assumption; H1 reported D&A was $295.238M. Changes reflect plant capacity and timing.","label":"Depreciation and amortization","value":580.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2026_sbc","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk noncash equity-compensation assumption; H1 reported expense was $13.826M. Add-back in cash flow does not remove dilution.","label":"Equity compensation","value":25.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2026_cash_tax","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk cash-tax assumption; not the GAAP effective tax rate.","label":"Cash tax allowance","value":170.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2026_wc_other","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk net use for customer/supplier timing and other operating cash items, including net interest. Credit collection is handled separately.","label":"Non-credit working capital and other net cash uses","value":400.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2026_op_without_credits","case":"downside","kind":"derived","unit":"USD_millions","basis":"Remove noncash credit accrual before substituting collections.","label":"Operating income excluding credit accrual","value":-450.4500000000003,"period":"FY2026","formula":{"op":"subtract","refs":["downside_fy2026_operating_income","downside_fy2026_credits"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_before_uses","case":"downside","kind":"derived","unit":"USD_millions","basis":"Add stated noncash expense assumptions.","label":"Cash earnings before tax/working-capital uses","value":65.9499999999997,"period":"FY2026","formula":{"op":"sum","refs":["downside_fy2026_op_without_credit_refund","downside_fy2026_depreciation","downside_fy2026_sbc"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_credit_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk annual cash receipt assumption, including disclosed H1 receipts; timing and monetization discounts can differ from accrual.","label":"Cash collections from all credit vintages","value":1300.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2026_cash_in","case":"downside","kind":"derived","unit":"USD_millions","basis":"Cash earnings plus independently assumed credit collections and net cash from the previously recognized tariff refund.","label":"Cash earnings plus credit collections","value":1365.9499999999998,"period":"FY2026","formula":{"op":"sum","refs":["downside_fy2026_before_uses","downside_fy2026_credit_cash","downside_fy2026_refund_cash"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_cash_uses","case":"downside","kind":"derived","unit":"USD_millions","basis":"Explicit cash uses outside PP&E investment.","label":"Cash taxes and other operating uses","value":570.0,"period":"FY2026","formula":{"op":"sum","refs":["downside_fy2026_cash_tax","downside_fy2026_wc_other"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Cash bridge, not adjusted EBITDA conversion.","label":"Operating cash flow","value":795.9499999999998,"period":"FY2026","formula":{"op":"subtract","refs":["downside_fy2026_cash_in","downside_fy2026_cash_uses"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_capex","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk capital-spending assumption; FY2026 cases span the company range. Excludes noncash PP&E additions.","label":"Cash purchases of PP&E","value":1000.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2026_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Excludes financing, securities purchases and other investing cash flows.","label":"Operating cash flow less capex","value":-204.05000000000018,"period":"FY2026","formula":{"op":"subtract","refs":["downside_fy2026_cfo","downside_fy2026_capex"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_delivery","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk combined shipment, realized-price and mix sensitivity versus the guidance midpoint in FY2026 or prior modeled year in FY2027.","label":"Revenue delivery/price factor","value":1.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2027_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Revenue anchor times a separately stated execution assumption.","label":"Revenue","value":4797.5,"period":"FY2027","formula":{"op":"multiply","refs":["downside_fy2026_revenue","downside_fy2027_delivery"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_eligible_factor","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity to eligible U.S. production and deliveries; separate from total worldwide revenue.","label":"Eligible-production credit factor","value":1.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2027_credits","case":"downside","kind":"derived","unit":"USD_millions","basis":"Credit anchor times eligible-production factor; this is not a cash receipt.","label":"Accrued 45X manufacturing credits","value":1973.4,"period":"FY2027","formula":{"op":"multiply","refs":["downside_fy2026_credits","downside_fy2027_eligible_factor"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_core_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity to price, mix, logistics, startup and utilization costs. No new tariff refund is included in this margin.","label":"Gross margin before credits and refund","value":0.02,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2027_core_gross","case":"downside","kind":"derived","unit":"USD_millions","basis":"Sales times the analytical underlying gross margin.","label":"Gross profit before credits/refund","value":95.95,"period":"FY2027","formula":{"op":"multiply","refs":["downside_fy2027_revenue","downside_fy2027_core_margin"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Adds manufacturing credits; FY2026 also retains the refund already recognized in the first half.","label":"GAAP gross profit","value":2069.35,"period":"FY2027","formula":{"op":"sum","refs":["downside_fy2027_core_gross","downside_fy2027_credits"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_opex","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk SG&A, R&D and production-startup budget; FY2026 base is the company-range midpoint.","label":"GAAP operating expenses","value":670.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2027_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Gross profit less GAAP operating expenses, including startup costs.","label":"GAAP operating income","value":1399.35,"period":"FY2027","formula":{"op":"subtract","refs":["downside_fy2027_gross_profit","downside_fy2027_opex"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_depreciation","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk noncash-expense assumption; H1 reported D&A was $295.238M. Changes reflect plant capacity and timing.","label":"Depreciation and amortization","value":600.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2027_sbc","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk noncash equity-compensation assumption; H1 reported expense was $13.826M. Add-back in cash flow does not remove dilution.","label":"Equity compensation","value":25.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2027_cash_tax","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk cash-tax assumption; not the GAAP effective tax rate.","label":"Cash tax allowance","value":170.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2027_wc_other","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk net use for customer/supplier timing and other operating cash items, including net interest. Credit collection is handled separately.","label":"Non-credit working capital and other net cash uses","value":400.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2027_op_without_credits","case":"downside","kind":"derived","unit":"USD_millions","basis":"Remove noncash credit accrual before substituting collections.","label":"Operating income excluding credit accrual","value":-574.0500000000002,"period":"FY2027","formula":{"op":"subtract","refs":["downside_fy2027_operating_income","downside_fy2027_credits"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_before_uses","case":"downside","kind":"derived","unit":"USD_millions","basis":"Add stated noncash expense assumptions.","label":"Cash earnings before tax/working-capital uses","value":50.94999999999982,"period":"FY2027","formula":{"op":"sum","refs":["downside_fy2027_op_without_credits","downside_fy2027_depreciation","downside_fy2027_sbc"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_credit_cash_factor","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk collection and monetization proxy; not a statutory credit rate or a forecast of a specific transfer agreement.","label":"Credit cash / current-year credit accrual","value":0.7,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2027_credit_cash","case":"downside","kind":"derived","unit":"USD_millions","basis":"Separate cash-realization assumption applied to accrued credits.","label":"Cash collections from credit vintages","value":1381.3799999999999,"period":"FY2027","formula":{"op":"multiply","refs":["downside_fy2027_credits","downside_fy2027_credit_cash_factor"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_cash_in","case":"downside","kind":"derived","unit":"USD_millions","basis":"Cash earnings plus independently assumed credit collections and net cash from the previously recognized tariff refund.","label":"Cash earnings plus credit collections","value":1472.3299999999997,"period":"FY2027","formula":{"op":"sum","refs":["downside_fy2027_before_uses","downside_fy2027_credit_cash","downside_fy2027_refund_cash"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_cash_uses","case":"downside","kind":"derived","unit":"USD_millions","basis":"Explicit cash uses outside PP&E investment.","label":"Cash taxes and other operating uses","value":570.0,"period":"FY2027","formula":{"op":"sum","refs":["downside_fy2027_cash_tax","downside_fy2027_wc_other"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Cash bridge, not adjusted EBITDA conversion.","label":"Operating cash flow","value":902.3299999999997,"period":"FY2027","formula":{"op":"subtract","refs":["downside_fy2027_cash_in","downside_fy2027_cash_uses"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_capex","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk capital-spending assumption; FY2026 cases span the company range. Excludes noncash PP&E additions.","label":"Cash purchases of PP&E","value":950.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2027_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Excludes financing, securities purchases and other investing cash flows.","label":"Operating cash flow less capex","value":-47.6700000000003,"period":"FY2027","formula":{"op":"subtract","refs":["downside_fy2027_cfo","downside_fy2027_capex"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_remaining_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining revenue","value":2697.067,"period":"FY2026","formula":{"op":"subtract","refs":["downside_fy2026_revenue","h1_revenue"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_remaining_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining gross_profit","value":1066.8149999999998,"period":"FY2026","formula":{"op":"subtract","refs":["downside_fy2026_gross_profit","h1_gross_profit"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_remaining_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining operating_income","value":727.2609999999999,"period":"FY2026","formula":{"op":"subtract","refs":["downside_fy2026_operating_income","h1_operating_income"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_remaining_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining cfo","value":1155.7169999999999,"period":"FY2026","formula":{"op":"subtract","refs":["downside_fy2026_cfo","h1_cfo"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_remaining_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining capex","value":720.1510000000001,"period":"FY2026","formula":{"op":"subtract","refs":["downside_fy2026_capex","h1_capex"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_revenue_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year revenue share","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 revenue","value":1213.6801500000001,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_fy2026_remaining_revenue","downside_2026q3_revenue_weight"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_gross_profit_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year gross_profit share","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 gross_profit","value":480.06674999999996,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_fy2026_remaining_gross_profit","downside_2026q3_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_operating_income_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year operating_income share","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 operating_income","value":327.26744999999994,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_fy2026_remaining_operating_income","downside_2026q3_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_cfo_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year cfo share","value":0.25,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 cfo","value":288.92924999999997,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_fy2026_remaining_cfo","downside_2026q3_cfo_weight"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_capex_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year capex share","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 capex","value":324.06795000000005,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_fy2026_remaining_capex","downside_2026q3_capex_weight"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2026Q3 cash after capex","value":-35.138700000000085,"period":"2026Q3","formula":{"op":"subtract","refs":["downside_2026q3_cfo","downside_2026q3_capex"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_revenue_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year revenue share","value":0.55,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 revenue","value":1483.38685,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_fy2026_remaining_revenue","downside_2026q4_revenue_weight"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_gross_profit_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year gross_profit share","value":0.55,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 gross_profit","value":586.74825,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_fy2026_remaining_gross_profit","downside_2026q4_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_operating_income_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year operating_income share","value":0.55,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 operating_income","value":399.99354999999997,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_fy2026_remaining_operating_income","downside_2026q4_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_cfo_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year cfo share","value":0.75,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 cfo","value":866.78775,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_fy2026_remaining_cfo","downside_2026q4_cfo_weight"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_capex_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year capex share","value":0.55,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 capex","value":396.08305000000007,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_fy2026_remaining_capex","downside_2026q4_capex_weight"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2026Q4 cash after capex","value":470.7046999999999,"period":"2026Q4","formula":{"op":"subtract","refs":["downside_2026q4_cfo","downside_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_revenue_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year revenue share","value":0.2,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 revenue","value":959.5,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_fy2027_revenue","downside_2027q1_revenue_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_gross_profit_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year gross_profit share","value":0.2,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 gross_profit","value":413.87,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_fy2027_gross_profit","downside_2027q1_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_operating_income_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year operating_income share","value":0.2,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 operating_income","value":279.87,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_fy2027_operating_income","downside_2027q1_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_cfo_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year cfo share","value":0.1,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 cfo","value":90.23299999999998,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_fy2027_cfo","downside_2027q1_cfo_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_capex_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year capex share","value":0.2,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 capex","value":190.0,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_fy2027_capex","downside_2027q1_capex_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2027Q1 cash after capex","value":-99.76700000000002,"period":"2027Q1","formula":{"op":"subtract","refs":["downside_2027q1_cfo","downside_2027q1_capex"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_revenue_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year revenue share","value":0.23,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 revenue","value":1103.425,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_fy2027_revenue","downside_2027q2_revenue_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_gross_profit_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year gross_profit share","value":0.23,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 gross_profit","value":475.9505,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_fy2027_gross_profit","downside_2027q2_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_operating_income_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year operating_income share","value":0.23,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 operating_income","value":321.8505,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_fy2027_operating_income","downside_2027q2_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_cfo_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year cfo share","value":0.15,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 cfo","value":135.34949999999995,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_fy2027_cfo","downside_2027q2_cfo_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_capex_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year capex share","value":0.23,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 capex","value":218.5,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_fy2027_capex","downside_2027q2_capex_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2027Q2 cash after capex","value":-83.15050000000005,"period":"2027Q2","formula":{"op":"subtract","refs":["downside_2027q2_cfo","downside_2027q2_capex"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_revenue_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year revenue share","value":0.27,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 revenue","value":1295.325,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_fy2027_revenue","downside_2027q3_revenue_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_gross_profit_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year gross_profit share","value":0.27,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 gross_profit","value":558.7245,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_fy2027_gross_profit","downside_2027q3_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_operating_income_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year operating_income share","value":0.27,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 operating_income","value":377.8245,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_fy2027_operating_income","downside_2027q3_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_cfo_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year cfo share","value":0.3,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 cfo","value":270.6989999999999,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_fy2027_cfo","downside_2027q3_cfo_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_capex_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year capex share","value":0.27,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 capex","value":256.5,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_fy2027_capex","downside_2027q3_capex_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2027Q3 cash after capex","value":14.198999999999899,"period":"2027Q3","formula":{"op":"subtract","refs":["downside_2027q3_cfo","downside_2027q3_capex"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_revenue_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year revenue share","value":0.3,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 revenue","value":1439.25,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_fy2027_revenue","downside_2027q4_revenue_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_gross_profit_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year gross_profit share","value":0.3,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 gross_profit","value":620.805,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_fy2027_gross_profit","downside_2027q4_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_operating_income_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year operating_income share","value":0.3,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 operating_income","value":419.80499999999995,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_fy2027_operating_income","downside_2027q4_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_cfo_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year cfo share","value":0.45,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 cfo","value":406.0484999999999,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_fy2027_cfo","downside_2027q4_cfo_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_capex_weight","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year capex share","value":0.3,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 capex","value":285.0,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_fy2027_capex","downside_2027q4_capex_weight"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2027Q4 cash after capex","value":121.04849999999988,"period":"2027Q4","formula":{"op":"subtract","refs":["downside_2027q4_cfo","downside_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"base_fy2026_delivery","case":"base","kind":"assumption","unit":"ratio","basis":"Desk combined shipment, realized-price and mix sensitivity versus the guidance midpoint in FY2026 or prior modeled year in FY2027.","label":"Revenue delivery/price factor","value":1.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2026_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Revenue anchor times a separately stated execution assumption.","label":"Revenue","value":5050.0,"period":"FY2026","formula":{"op":"multiply","refs":["fy26_revenue_guide","base_fy2026_delivery"]},"source_url":null,"source_date":null},{"id":"base_fy2026_eligible_factor","case":"base","kind":"assumption","unit":"ratio","basis":"Desk sensitivity to eligible U.S. production and deliveries; separate from total worldwide revenue.","label":"Eligible-production credit factor","value":1.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2026_credits","case":"base","kind":"derived","unit":"USD_millions","basis":"Credit anchor times eligible-production factor; this is not a cash receipt.","label":"Accrued 45X manufacturing credits","value":2145.0,"period":"FY2026","formula":{"op":"multiply","refs":["fy26_credit_guide","base_fy2026_eligible_factor"]},"source_url":null,"source_date":null},{"id":"base_fy2026_core_gross","case":"base","kind":"derived","unit":"USD_millions","basis":"Sales times the analytical underlying gross margin.","label":"Gross profit before credits/refund","value":266.4,"period":"FY2026","formula":{"op":"multiply","refs":["base_fy2026_revenue","guide_core_margin"]},"source_url":null,"source_date":null},{"id":"base_fy2026_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Adds manufacturing credits; FY2026 also retains the refund already recognized in the first half.","label":"GAAP gross profit","value":2500.0,"period":"FY2026","formula":{"op":"sum","refs":["base_fy2026_core_gross","base_fy2026_credits","refund_benefit"]},"source_url":null,"source_date":null},{"id":"base_fy2026_opex","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk SG&A, R&D and production-startup budget; FY2026 base is the company-range midpoint.","label":"GAAP operating expenses","value":622.5,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2026_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Gross profit less GAAP operating expenses, including startup costs.","label":"GAAP operating income","value":1877.5,"period":"FY2026","formula":{"op":"subtract","refs":["base_fy2026_gross_profit","base_fy2026_opex"]},"source_url":null,"source_date":null},{"id":"base_fy2026_depreciation","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk noncash-expense assumption; H1 reported D&A was $295.238M. Changes reflect plant capacity and timing.","label":"Depreciation and amortization","value":590.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2026_sbc","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk noncash equity-compensation assumption; H1 reported expense was $13.826M. Add-back in cash flow does not remove dilution.","label":"Equity compensation","value":28.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2026_cash_tax","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk cash-tax assumption; not the GAAP effective tax rate.","label":"Cash tax allowance","value":200.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2026_wc_other","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk net use for customer/supplier timing and other operating cash items, including net interest. Credit collection is handled separately.","label":"Non-credit working capital and other net cash uses","value":300.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2026_op_without_credits","case":"base","kind":"derived","unit":"USD_millions","basis":"Remove noncash credit accrual before substituting collections.","label":"Operating income excluding credit accrual","value":-267.5,"period":"FY2026","formula":{"op":"subtract","refs":["base_fy2026_operating_income","base_fy2026_credits"]},"source_url":null,"source_date":null},{"id":"base_fy2026_before_uses","case":"base","kind":"derived","unit":"USD_millions","basis":"Add stated noncash expense assumptions.","label":"Cash earnings before tax/working-capital uses","value":261.9,"period":"FY2026","formula":{"op":"sum","refs":["base_fy2026_op_without_credit_refund","base_fy2026_depreciation","base_fy2026_sbc"]},"source_url":null,"source_date":null},{"id":"base_fy2026_credit_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk annual cash receipt assumption, including disclosed H1 receipts; timing and monetization discounts can differ from accrual.","label":"Cash collections from all credit vintages","value":1800.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2026_cash_in","case":"base","kind":"derived","unit":"USD_millions","basis":"Cash earnings plus independently assumed credit collections and net cash from the previously recognized tariff refund.","label":"Cash earnings plus credit collections","value":2101.9,"period":"FY2026","formula":{"op":"sum","refs":["base_fy2026_before_uses","base_fy2026_credit_cash","base_fy2026_refund_cash"]},"source_url":null,"source_date":null},{"id":"base_fy2026_cash_uses","case":"base","kind":"derived","unit":"USD_millions","basis":"Explicit cash uses outside PP&E investment.","label":"Cash taxes and other operating uses","value":500.0,"period":"FY2026","formula":{"op":"sum","refs":["base_fy2026_cash_tax","base_fy2026_wc_other"]},"source_url":null,"source_date":null},{"id":"base_fy2026_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Cash bridge, not adjusted EBITDA conversion.","label":"Operating cash flow","value":1601.9,"period":"FY2026","formula":{"op":"subtract","refs":["base_fy2026_cash_in","base_fy2026_cash_uses"]},"source_url":null,"source_date":null},{"id":"base_fy2026_capex","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk capital-spending assumption; FY2026 cases span the company range. Excludes noncash PP&E additions.","label":"Cash purchases of PP&E","value":900.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2026_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Excludes financing, securities purchases and other investing cash flows.","label":"Operating cash flow less capex","value":701.9000000000001,"period":"FY2026","formula":{"op":"subtract","refs":["base_fy2026_cfo","base_fy2026_capex"]},"source_url":null,"source_date":null},{"id":"base_fy2027_delivery","case":"base","kind":"assumption","unit":"ratio","basis":"Desk combined shipment, realized-price and mix sensitivity versus the guidance midpoint in FY2026 or prior modeled year in FY2027.","label":"Revenue delivery/price factor","value":1.1,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2027_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Revenue anchor times a separately stated execution assumption.","label":"Revenue","value":5555.0,"period":"FY2027","formula":{"op":"multiply","refs":["base_fy2026_revenue","base_fy2027_delivery"]},"source_url":null,"source_date":null},{"id":"base_fy2027_eligible_factor","case":"base","kind":"assumption","unit":"ratio","basis":"Desk sensitivity to eligible U.S. production and deliveries; separate from total worldwide revenue.","label":"Eligible-production credit factor","value":1.1,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2027_credits","case":"base","kind":"derived","unit":"USD_millions","basis":"Credit anchor times eligible-production factor; this is not a cash receipt.","label":"Accrued 45X manufacturing credits","value":2359.5,"period":"FY2027","formula":{"op":"multiply","refs":["base_fy2026_credits","base_fy2027_eligible_factor"]},"source_url":null,"source_date":null},{"id":"base_fy2027_core_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk sensitivity to price, mix, logistics, startup and utilization costs. No new tariff refund is included in this margin.","label":"Gross margin before credits and refund","value":0.06,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2027_core_gross","case":"base","kind":"derived","unit":"USD_millions","basis":"Sales times the analytical underlying gross margin.","label":"Gross profit before credits/refund","value":333.3,"period":"FY2027","formula":{"op":"multiply","refs":["base_fy2027_revenue","base_fy2027_core_margin"]},"source_url":null,"source_date":null},{"id":"base_fy2027_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Adds manufacturing credits; FY2026 also retains the refund already recognized in the first half.","label":"GAAP gross profit","value":2692.8,"period":"FY2027","formula":{"op":"sum","refs":["base_fy2027_core_gross","base_fy2027_credits"]},"source_url":null,"source_date":null},{"id":"base_fy2027_opex","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk SG&A, R&D and production-startup budget; FY2026 base is the company-range midpoint.","label":"GAAP operating expenses","value":670.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2027_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Gross profit less GAAP operating expenses, including startup costs.","label":"GAAP operating income","value":2022.8000000000002,"period":"FY2027","formula":{"op":"subtract","refs":["base_fy2027_gross_profit","base_fy2027_opex"]},"source_url":null,"source_date":null},{"id":"base_fy2027_depreciation","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk noncash-expense assumption; H1 reported D&A was $295.238M. Changes reflect plant capacity and timing.","label":"Depreciation and amortization","value":620.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2027_sbc","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk noncash equity-compensation assumption; H1 reported expense was $13.826M. Add-back in cash flow does not remove dilution.","label":"Equity compensation","value":30.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2027_cash_tax","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk cash-tax assumption; not the GAAP effective tax rate.","label":"Cash tax allowance","value":220.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2027_wc_other","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk net use for customer/supplier timing and other operating cash items, including net interest. Credit collection is handled separately.","label":"Non-credit working capital and other net cash uses","value":300.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2027_op_without_credits","case":"base","kind":"derived","unit":"USD_millions","basis":"Remove noncash credit accrual before substituting collections.","label":"Operating income excluding credit accrual","value":-336.6999999999998,"period":"FY2027","formula":{"op":"subtract","refs":["base_fy2027_operating_income","base_fy2027_credits"]},"source_url":null,"source_date":null},{"id":"base_fy2027_before_uses","case":"base","kind":"derived","unit":"USD_millions","basis":"Add stated noncash expense assumptions.","label":"Cash earnings before tax/working-capital uses","value":313.3000000000002,"period":"FY2027","formula":{"op":"sum","refs":["base_fy2027_op_without_credits","base_fy2027_depreciation","base_fy2027_sbc"]},"source_url":null,"source_date":null},{"id":"base_fy2027_credit_cash_factor","case":"base","kind":"assumption","unit":"ratio","basis":"Desk collection and monetization proxy; not a statutory credit rate or a forecast of a specific transfer agreement.","label":"Credit cash / current-year credit accrual","value":0.95,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2027_credit_cash","case":"base","kind":"derived","unit":"USD_millions","basis":"Separate cash-realization assumption applied to accrued credits.","label":"Cash collections from credit vintages","value":2241.525,"period":"FY2027","formula":{"op":"multiply","refs":["base_fy2027_credits","base_fy2027_credit_cash_factor"]},"source_url":null,"source_date":null},{"id":"base_fy2027_cash_in","case":"base","kind":"derived","unit":"USD_millions","basis":"Cash earnings plus independently assumed credit collections and net cash from the previously recognized tariff refund.","label":"Cash earnings plus credit collections","value":2603.425,"period":"FY2027","formula":{"op":"sum","refs":["base_fy2027_before_uses","base_fy2027_credit_cash","base_fy2027_refund_cash"]},"source_url":null,"source_date":null},{"id":"base_fy2027_cash_uses","case":"base","kind":"derived","unit":"USD_millions","basis":"Explicit cash uses outside PP&E investment.","label":"Cash taxes and other operating uses","value":520.0,"period":"FY2027","formula":{"op":"sum","refs":["base_fy2027_cash_tax","base_fy2027_wc_other"]},"source_url":null,"source_date":null},{"id":"base_fy2027_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Cash bridge, not adjusted EBITDA conversion.","label":"Operating cash flow","value":2083.425,"period":"FY2027","formula":{"op":"subtract","refs":["base_fy2027_cash_in","base_fy2027_cash_uses"]},"source_url":null,"source_date":null},{"id":"base_fy2027_capex","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk capital-spending assumption; FY2026 cases span the company range. Excludes noncash PP&E additions.","label":"Cash purchases of PP&E","value":900.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2027_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Excludes financing, securities purchases and other investing cash flows.","label":"Operating cash flow less capex","value":1183.4250000000002,"period":"FY2027","formula":{"op":"subtract","refs":["base_fy2027_cfo","base_fy2027_capex"]},"source_url":null,"source_date":null},{"id":"base_fy2026_remaining_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining revenue","value":2949.567,"period":"FY2026","formula":{"op":"subtract","refs":["base_fy2026_revenue","h1_revenue"]},"source_url":null,"source_date":null},{"id":"base_fy2026_remaining_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining gross_profit","value":1408.865,"period":"FY2026","formula":{"op":"subtract","refs":["base_fy2026_gross_profit","h1_gross_profit"]},"source_url":null,"source_date":null},{"id":"base_fy2026_remaining_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining operating_income","value":1081.8110000000001,"period":"FY2026","formula":{"op":"subtract","refs":["base_fy2026_operating_income","h1_operating_income"]},"source_url":null,"source_date":null},{"id":"base_fy2026_remaining_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining cfo","value":1961.6670000000001,"period":"FY2026","formula":{"op":"subtract","refs":["base_fy2026_cfo","h1_cfo"]},"source_url":null,"source_date":null},{"id":"base_fy2026_remaining_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining capex","value":620.1510000000001,"period":"FY2026","formula":{"op":"subtract","refs":["base_fy2026_capex","h1_capex"]},"source_url":null,"source_date":null},{"id":"base_2026q3_revenue_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year revenue share","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 revenue","value":1327.3051500000001,"period":"2026Q3","formula":{"op":"multiply","refs":["base_fy2026_remaining_revenue","base_2026q3_revenue_weight"]},"source_url":null,"source_date":null},{"id":"base_2026q3_gross_profit_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year gross_profit share","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 gross_profit","value":633.98925,"period":"2026Q3","formula":{"op":"multiply","refs":["base_fy2026_remaining_gross_profit","base_2026q3_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"base_2026q3_operating_income_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year operating_income share","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 operating_income","value":486.81495000000007,"period":"2026Q3","formula":{"op":"multiply","refs":["base_fy2026_remaining_operating_income","base_2026q3_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"base_2026q3_cfo_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year cfo share","value":0.25,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 cfo","value":490.41675000000004,"period":"2026Q3","formula":{"op":"multiply","refs":["base_fy2026_remaining_cfo","base_2026q3_cfo_weight"]},"source_url":null,"source_date":null},{"id":"base_2026q3_capex_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year capex share","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 capex","value":279.06795000000005,"period":"2026Q3","formula":{"op":"multiply","refs":["base_fy2026_remaining_capex","base_2026q3_capex_weight"]},"source_url":null,"source_date":null},{"id":"base_2026q3_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2026Q3 cash after capex","value":211.34879999999998,"period":"2026Q3","formula":{"op":"subtract","refs":["base_2026q3_cfo","base_2026q3_capex"]},"source_url":null,"source_date":null},{"id":"base_2026q4_revenue_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year revenue share","value":0.55,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 revenue","value":1622.26185,"period":"2026Q4","formula":{"op":"multiply","refs":["base_fy2026_remaining_revenue","base_2026q4_revenue_weight"]},"source_url":null,"source_date":null},{"id":"base_2026q4_gross_profit_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year gross_profit share","value":0.55,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 gross_profit","value":774.87575,"period":"2026Q4","formula":{"op":"multiply","refs":["base_fy2026_remaining_gross_profit","base_2026q4_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"base_2026q4_operating_income_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year operating_income share","value":0.55,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 operating_income","value":594.9960500000001,"period":"2026Q4","formula":{"op":"multiply","refs":["base_fy2026_remaining_operating_income","base_2026q4_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"base_2026q4_cfo_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year cfo share","value":0.75,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 cfo","value":1471.25025,"period":"2026Q4","formula":{"op":"multiply","refs":["base_fy2026_remaining_cfo","base_2026q4_cfo_weight"]},"source_url":null,"source_date":null},{"id":"base_2026q4_capex_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year capex share","value":0.55,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 capex","value":341.08305000000007,"period":"2026Q4","formula":{"op":"multiply","refs":["base_fy2026_remaining_capex","base_2026q4_capex_weight"]},"source_url":null,"source_date":null},{"id":"base_2026q4_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2026Q4 cash after capex","value":1130.1671999999999,"period":"2026Q4","formula":{"op":"subtract","refs":["base_2026q4_cfo","base_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"base_2027q1_revenue_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year revenue share","value":0.2,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 revenue","value":1111.0,"period":"2027Q1","formula":{"op":"multiply","refs":["base_fy2027_revenue","base_2027q1_revenue_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q1_gross_profit_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year gross_profit share","value":0.2,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 gross_profit","value":538.5600000000001,"period":"2027Q1","formula":{"op":"multiply","refs":["base_fy2027_gross_profit","base_2027q1_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q1_operating_income_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year operating_income share","value":0.2,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 operating_income","value":404.56000000000006,"period":"2027Q1","formula":{"op":"multiply","refs":["base_fy2027_operating_income","base_2027q1_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q1_cfo_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year cfo share","value":0.1,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 cfo","value":208.34250000000003,"period":"2027Q1","formula":{"op":"multiply","refs":["base_fy2027_cfo","base_2027q1_cfo_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q1_capex_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year capex share","value":0.2,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 capex","value":180.0,"period":"2027Q1","formula":{"op":"multiply","refs":["base_fy2027_capex","base_2027q1_capex_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q1_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2027Q1 cash after capex","value":28.34250000000003,"period":"2027Q1","formula":{"op":"subtract","refs":["base_2027q1_cfo","base_2027q1_capex"]},"source_url":null,"source_date":null},{"id":"base_2027q2_revenue_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year revenue share","value":0.23,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 revenue","value":1277.65,"period":"2027Q2","formula":{"op":"multiply","refs":["base_fy2027_revenue","base_2027q2_revenue_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q2_gross_profit_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year gross_profit share","value":0.23,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 gross_profit","value":619.344,"period":"2027Q2","formula":{"op":"multiply","refs":["base_fy2027_gross_profit","base_2027q2_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q2_operating_income_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year operating_income share","value":0.23,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 operating_income","value":465.2440000000001,"period":"2027Q2","formula":{"op":"multiply","refs":["base_fy2027_operating_income","base_2027q2_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q2_cfo_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year cfo share","value":0.15,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 cfo","value":312.51375,"period":"2027Q2","formula":{"op":"multiply","refs":["base_fy2027_cfo","base_2027q2_cfo_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q2_capex_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year capex share","value":0.23,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 capex","value":207.0,"period":"2027Q2","formula":{"op":"multiply","refs":["base_fy2027_capex","base_2027q2_capex_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q2_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2027Q2 cash after capex","value":105.51375000000002,"period":"2027Q2","formula":{"op":"subtract","refs":["base_2027q2_cfo","base_2027q2_capex"]},"source_url":null,"source_date":null},{"id":"base_2027q3_revenue_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year revenue share","value":0.27,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 revenue","value":1499.8500000000001,"period":"2027Q3","formula":{"op":"multiply","refs":["base_fy2027_revenue","base_2027q3_revenue_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q3_gross_profit_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year gross_profit share","value":0.27,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 gross_profit","value":727.0560000000002,"period":"2027Q3","formula":{"op":"multiply","refs":["base_fy2027_gross_profit","base_2027q3_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q3_operating_income_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year operating_income share","value":0.27,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 operating_income","value":546.1560000000001,"period":"2027Q3","formula":{"op":"multiply","refs":["base_fy2027_operating_income","base_2027q3_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q3_cfo_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year cfo share","value":0.3,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 cfo","value":625.0275,"period":"2027Q3","formula":{"op":"multiply","refs":["base_fy2027_cfo","base_2027q3_cfo_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q3_capex_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year capex share","value":0.27,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 capex","value":243.00000000000003,"period":"2027Q3","formula":{"op":"multiply","refs":["base_fy2027_capex","base_2027q3_capex_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q3_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2027Q3 cash after capex","value":382.02750000000003,"period":"2027Q3","formula":{"op":"subtract","refs":["base_2027q3_cfo","base_2027q3_capex"]},"source_url":null,"source_date":null},{"id":"base_2027q4_revenue_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year revenue share","value":0.3,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 revenue","value":1666.5,"period":"2027Q4","formula":{"op":"multiply","refs":["base_fy2027_revenue","base_2027q4_revenue_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q4_gross_profit_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year gross_profit share","value":0.3,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 gross_profit","value":807.84,"period":"2027Q4","formula":{"op":"multiply","refs":["base_fy2027_gross_profit","base_2027q4_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q4_operating_income_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year operating_income share","value":0.3,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 operating_income","value":606.84,"period":"2027Q4","formula":{"op":"multiply","refs":["base_fy2027_operating_income","base_2027q4_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q4_cfo_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year cfo share","value":0.45,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 cfo","value":937.5412500000001,"period":"2027Q4","formula":{"op":"multiply","refs":["base_fy2027_cfo","base_2027q4_cfo_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q4_capex_weight","case":"base","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year capex share","value":0.3,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 capex","value":270.0,"period":"2027Q4","formula":{"op":"multiply","refs":["base_fy2027_capex","base_2027q4_capex_weight"]},"source_url":null,"source_date":null},{"id":"base_2027q4_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2027Q4 cash after capex","value":667.5412500000001,"period":"2027Q4","formula":{"op":"subtract","refs":["base_2027q4_cfo","base_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_delivery","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk combined shipment, realized-price and mix sensitivity versus the guidance midpoint in FY2026 or prior modeled year in FY2027.","label":"Revenue delivery/price factor","value":1.05,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2026_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Revenue anchor times a separately stated execution assumption.","label":"Revenue","value":5302.5,"period":"FY2026","formula":{"op":"multiply","refs":["fy26_revenue_guide","upside_fy2026_delivery"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_eligible_factor","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity to eligible U.S. production and deliveries; separate from total worldwide revenue.","label":"Eligible-production credit factor","value":1.04,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2026_credits","case":"upside","kind":"derived","unit":"USD_millions","basis":"Credit anchor times eligible-production factor; this is not a cash receipt.","label":"Accrued 45X manufacturing credits","value":2230.8,"period":"FY2026","formula":{"op":"multiply","refs":["fy26_credit_guide","upside_fy2026_eligible_factor"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_core_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity to price, mix, logistics, startup and utilization costs. No new tariff refund is included in this margin.","label":"Gross margin before credits and refund","value":0.07,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2026_core_gross","case":"upside","kind":"derived","unit":"USD_millions","basis":"Sales times the analytical underlying gross margin.","label":"Gross profit before credits/refund","value":371.175,"period":"FY2026","formula":{"op":"multiply","refs":["upside_fy2026_revenue","upside_fy2026_core_margin"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Adds manufacturing credits; FY2026 also retains the refund already recognized in the first half.","label":"GAAP gross profit","value":2690.5750000000003,"period":"FY2026","formula":{"op":"sum","refs":["upside_fy2026_core_gross","upside_fy2026_credits","refund_benefit"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_opex","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk SG&A, R&D and production-startup budget; FY2026 base is the company-range midpoint.","label":"GAAP operating expenses","value":625.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2026_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Gross profit less GAAP operating expenses, including startup costs.","label":"GAAP operating income","value":2065.5750000000003,"period":"FY2026","formula":{"op":"subtract","refs":["upside_fy2026_gross_profit","upside_fy2026_opex"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_depreciation","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk noncash-expense assumption; H1 reported D&A was $295.238M. Changes reflect plant capacity and timing.","label":"Depreciation and amortization","value":600.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2026_sbc","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk noncash equity-compensation assumption; H1 reported expense was $13.826M. Add-back in cash flow does not remove dilution.","label":"Equity compensation","value":30.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2026_cash_tax","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk cash-tax assumption; not the GAAP effective tax rate.","label":"Cash tax allowance","value":230.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2026_wc_other","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk net use for customer/supplier timing and other operating cash items, including net interest. Credit collection is handled separately.","label":"Non-credit working capital and other net cash uses","value":250.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2026_op_without_credits","case":"upside","kind":"derived","unit":"USD_millions","basis":"Remove noncash credit accrual before substituting collections.","label":"Operating income excluding credit accrual","value":-165.2249999999999,"period":"FY2026","formula":{"op":"subtract","refs":["upside_fy2026_operating_income","upside_fy2026_credits"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_before_uses","case":"upside","kind":"derived","unit":"USD_millions","basis":"Add stated noncash expense assumptions.","label":"Cash earnings before tax/working-capital uses","value":376.17500000000007,"period":"FY2026","formula":{"op":"sum","refs":["upside_fy2026_op_without_credit_refund","upside_fy2026_depreciation","upside_fy2026_sbc"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_credit_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk annual cash receipt assumption, including disclosed H1 receipts; timing and monetization discounts can differ from accrual.","label":"Cash collections from all credit vintages","value":2100.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2026_cash_in","case":"upside","kind":"derived","unit":"USD_millions","basis":"Cash earnings plus independently assumed credit collections and net cash from the previously recognized tariff refund.","label":"Cash earnings plus credit collections","value":2564.775,"period":"FY2026","formula":{"op":"sum","refs":["upside_fy2026_before_uses","upside_fy2026_credit_cash","upside_fy2026_refund_cash"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_cash_uses","case":"upside","kind":"derived","unit":"USD_millions","basis":"Explicit cash uses outside PP&E investment.","label":"Cash taxes and other operating uses","value":480.0,"period":"FY2026","formula":{"op":"sum","refs":["upside_fy2026_cash_tax","upside_fy2026_wc_other"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Cash bridge, not adjusted EBITDA conversion.","label":"Operating cash flow","value":2084.775,"period":"FY2026","formula":{"op":"subtract","refs":["upside_fy2026_cash_in","upside_fy2026_cash_uses"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_capex","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk capital-spending assumption; FY2026 cases span the company range. Excludes noncash PP&E additions.","label":"Cash purchases of PP&E","value":800.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2026_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Excludes financing, securities purchases and other investing cash flows.","label":"Operating cash flow less capex","value":1284.775,"period":"FY2026","formula":{"op":"subtract","refs":["upside_fy2026_cfo","upside_fy2026_capex"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_delivery","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk combined shipment, realized-price and mix sensitivity versus the guidance midpoint in FY2026 or prior modeled year in FY2027.","label":"Revenue delivery/price factor","value":1.17,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2027_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Revenue anchor times a separately stated execution assumption.","label":"Revenue","value":6203.924999999999,"period":"FY2027","formula":{"op":"multiply","refs":["upside_fy2026_revenue","upside_fy2027_delivery"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_eligible_factor","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity to eligible U.S. production and deliveries; separate from total worldwide revenue.","label":"Eligible-production credit factor","value":1.2,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2027_credits","case":"upside","kind":"derived","unit":"USD_millions","basis":"Credit anchor times eligible-production factor; this is not a cash receipt.","label":"Accrued 45X manufacturing credits","value":2676.96,"period":"FY2027","formula":{"op":"multiply","refs":["upside_fy2026_credits","upside_fy2027_eligible_factor"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_core_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity to price, mix, logistics, startup and utilization costs. No new tariff refund is included in this margin.","label":"Gross margin before credits and refund","value":0.08,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2027_core_gross","case":"upside","kind":"derived","unit":"USD_millions","basis":"Sales times the analytical underlying gross margin.","label":"Gross profit before credits/refund","value":496.31399999999996,"period":"FY2027","formula":{"op":"multiply","refs":["upside_fy2027_revenue","upside_fy2027_core_margin"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Adds manufacturing credits; FY2026 also retains the refund already recognized in the first half.","label":"GAAP gross profit","value":3173.274,"period":"FY2027","formula":{"op":"sum","refs":["upside_fy2027_core_gross","upside_fy2027_credits"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_opex","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk SG&A, R&D and production-startup budget; FY2026 base is the company-range midpoint.","label":"GAAP operating expenses","value":710.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2027_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Gross profit less GAAP operating expenses, including startup costs.","label":"GAAP operating income","value":2463.274,"period":"FY2027","formula":{"op":"subtract","refs":["upside_fy2027_gross_profit","upside_fy2027_opex"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_depreciation","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk noncash-expense assumption; H1 reported D&A was $295.238M. Changes reflect plant capacity and timing.","label":"Depreciation and amortization","value":650.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2027_sbc","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk noncash equity-compensation assumption; H1 reported expense was $13.826M. Add-back in cash flow does not remove dilution.","label":"Equity compensation","value":35.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2027_cash_tax","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk cash-tax assumption; not the GAAP effective tax rate.","label":"Cash tax allowance","value":300.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2027_wc_other","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk net use for customer/supplier timing and other operating cash items, including net interest. Credit collection is handled separately.","label":"Non-credit working capital and other net cash uses","value":250.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2027_op_without_credits","case":"upside","kind":"derived","unit":"USD_millions","basis":"Remove noncash credit accrual before substituting collections.","label":"Operating income excluding credit accrual","value":-213.68600000000015,"period":"FY2027","formula":{"op":"subtract","refs":["upside_fy2027_operating_income","upside_fy2027_credits"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_before_uses","case":"upside","kind":"derived","unit":"USD_millions","basis":"Add stated noncash expense assumptions.","label":"Cash earnings before tax/working-capital uses","value":471.31399999999985,"period":"FY2027","formula":{"op":"sum","refs":["upside_fy2027_op_without_credits","upside_fy2027_depreciation","upside_fy2027_sbc"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_credit_cash_factor","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk collection and monetization proxy; not a statutory credit rate or a forecast of a specific transfer agreement.","label":"Credit cash / current-year credit accrual","value":1.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2027_credit_cash","case":"upside","kind":"derived","unit":"USD_millions","basis":"Separate cash-realization assumption applied to accrued credits.","label":"Cash collections from credit vintages","value":2676.96,"period":"FY2027","formula":{"op":"multiply","refs":["upside_fy2027_credits","upside_fy2027_credit_cash_factor"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_cash_in","case":"upside","kind":"derived","unit":"USD_millions","basis":"Cash earnings plus independently assumed credit collections and net cash from the previously recognized tariff refund.","label":"Cash earnings plus credit collections","value":3148.274,"period":"FY2027","formula":{"op":"sum","refs":["upside_fy2027_before_uses","upside_fy2027_credit_cash","upside_fy2027_refund_cash"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_cash_uses","case":"upside","kind":"derived","unit":"USD_millions","basis":"Explicit cash uses outside PP&E investment.","label":"Cash taxes and other operating uses","value":550.0,"period":"FY2027","formula":{"op":"sum","refs":["upside_fy2027_cash_tax","upside_fy2027_wc_other"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Cash bridge, not adjusted EBITDA conversion.","label":"Operating cash flow","value":2598.274,"period":"FY2027","formula":{"op":"subtract","refs":["upside_fy2027_cash_in","upside_fy2027_cash_uses"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_capex","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk capital-spending assumption; FY2026 cases span the company range. Excludes noncash PP&E additions.","label":"Cash purchases of PP&E","value":900.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2027_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Excludes financing, securities purchases and other investing cash flows.","label":"Operating cash flow less capex","value":1698.274,"period":"FY2027","formula":{"op":"subtract","refs":["upside_fy2027_cfo","upside_fy2027_capex"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_remaining_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining revenue","value":3202.067,"period":"FY2026","formula":{"op":"subtract","refs":["upside_fy2026_revenue","h1_revenue"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_remaining_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining gross_profit","value":1599.4400000000003,"period":"FY2026","formula":{"op":"subtract","refs":["upside_fy2026_gross_profit","h1_gross_profit"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_remaining_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining operating_income","value":1269.8860000000004,"period":"FY2026","formula":{"op":"subtract","refs":["upside_fy2026_operating_income","h1_operating_income"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_remaining_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining cfo","value":2444.542,"period":"FY2026","formula":{"op":"subtract","refs":["upside_fy2026_cfo","h1_cfo"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_remaining_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual scenario less reported year-to-date actuals.","label":"FY2026 remaining capex","value":520.1510000000001,"period":"FY2026","formula":{"op":"subtract","refs":["upside_fy2026_capex","h1_capex"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_revenue_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year revenue share","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 revenue","value":1440.9301500000001,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_fy2026_remaining_revenue","upside_2026q3_revenue_weight"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_gross_profit_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year gross_profit share","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 gross_profit","value":719.7480000000002,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_fy2026_remaining_gross_profit","upside_2026q3_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_operating_income_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year operating_income share","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 operating_income","value":571.4487000000003,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_fy2026_remaining_operating_income","upside_2026q3_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_cfo_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year cfo share","value":0.25,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 cfo","value":611.1355,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_fy2026_remaining_cfo","upside_2026q3_cfo_weight"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_capex_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q3 remaining-year capex share","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q3 capex","value":234.06795000000002,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_fy2026_remaining_capex","upside_2026q3_capex_weight"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2026Q3 cash after capex","value":377.06755,"period":"2026Q3","formula":{"op":"subtract","refs":["upside_2026q3_cfo","upside_2026q3_capex"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_revenue_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year revenue share","value":0.55,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 revenue","value":1761.13685,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_fy2026_remaining_revenue","upside_2026q4_revenue_weight"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_gross_profit_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year gross_profit share","value":0.55,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 gross_profit","value":879.6920000000002,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_fy2026_remaining_gross_profit","upside_2026q4_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_operating_income_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year operating_income share","value":0.55,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 operating_income","value":698.4373000000003,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_fy2026_remaining_operating_income","upside_2026q4_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_cfo_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year cfo share","value":0.75,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 cfo","value":1833.4065,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_fy2026_remaining_cfo","upside_2026q4_cfo_weight"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_capex_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing assumption; shares sum to one for the remaining fiscal year.","label":"2026Q4 remaining-year capex share","value":0.55,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Remaining-year amount times its explicit quarterly allocation.","label":"2026Q4 capex","value":286.08305000000007,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_fy2026_remaining_capex","upside_2026q4_capex_weight"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2026Q4 cash after capex","value":1547.3234499999999,"period":"2026Q4","formula":{"op":"subtract","refs":["upside_2026q4_cfo","upside_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_revenue_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year revenue share","value":0.2,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 revenue","value":1240.7849999999999,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_fy2027_revenue","upside_2027q1_revenue_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_gross_profit_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year gross_profit share","value":0.2,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 gross_profit","value":634.6548,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_fy2027_gross_profit","upside_2027q1_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_operating_income_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year operating_income share","value":0.2,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 operating_income","value":492.6548,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_fy2027_operating_income","upside_2027q1_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_cfo_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year cfo share","value":0.1,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 cfo","value":259.8274,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_fy2027_cfo","upside_2027q1_cfo_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_capex_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q1 full-year capex share","value":0.2,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q1 capex","value":180.0,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_fy2027_capex","upside_2027q1_capex_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2027Q1 cash after capex","value":79.82740000000001,"period":"2027Q1","formula":{"op":"subtract","refs":["upside_2027q1_cfo","upside_2027q1_capex"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_revenue_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year revenue share","value":0.23,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 revenue","value":1426.90275,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_fy2027_revenue","upside_2027q2_revenue_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_gross_profit_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year gross_profit share","value":0.23,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 gross_profit","value":729.85302,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_fy2027_gross_profit","upside_2027q2_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_operating_income_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year operating_income share","value":0.23,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 operating_income","value":566.55302,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_fy2027_operating_income","upside_2027q2_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_cfo_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year cfo share","value":0.15,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 cfo","value":389.74109999999996,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_fy2027_cfo","upside_2027q2_cfo_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_capex_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q2 full-year capex share","value":0.23,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q2 capex","value":207.0,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_fy2027_capex","upside_2027q2_capex_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2027Q2 cash after capex","value":182.74109999999996,"period":"2027Q2","formula":{"op":"subtract","refs":["upside_2027q2_cfo","upside_2027q2_capex"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_revenue_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year revenue share","value":0.27,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 revenue","value":1675.05975,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_fy2027_revenue","upside_2027q3_revenue_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_gross_profit_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year gross_profit share","value":0.27,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 gross_profit","value":856.78398,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_fy2027_gross_profit","upside_2027q3_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_operating_income_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year operating_income share","value":0.27,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 operating_income","value":665.08398,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_fy2027_operating_income","upside_2027q3_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_cfo_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year cfo share","value":0.3,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 cfo","value":779.4821999999999,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_fy2027_cfo","upside_2027q3_cfo_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_capex_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q3 full-year capex share","value":0.27,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q3 capex","value":243.00000000000003,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_fy2027_capex","upside_2027q3_capex_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2027Q3 cash after capex","value":536.4821999999999,"period":"2027Q3","formula":{"op":"subtract","refs":["upside_2027q3_cfo","upside_2027q3_capex"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_revenue_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year revenue share","value":0.3,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 revenue","value":1861.1774999999998,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_fy2027_revenue","upside_2027q4_revenue_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_gross_profit_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year gross_profit share","value":0.3,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 gross_profit","value":951.9821999999999,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_fy2027_gross_profit","upside_2027q4_gross_profit_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_operating_income_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year operating_income share","value":0.3,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 operating_income","value":738.9821999999999,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_fy2027_operating_income","upside_2027q4_operating_income_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_cfo_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year cfo share","value":0.45,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 cfo","value":1169.2232999999999,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_fy2027_cfo","upside_2027q4_cfo_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_capex_weight","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk quarterly timing assumption; four quarter shares sum to one.","label":"2027Q4 full-year capex share","value":0.3,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual amount times explicit quarterly allocation.","label":"2027Q4 capex","value":270.0,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_fy2027_capex","upside_2027q4_capex_weight"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating cash flow less cash purchases of PP&E.","label":"2027Q4 cash after capex","value":899.2232999999999,"period":"2027Q4","formula":{"op":"subtract","refs":["upside_2027q4_cfo","upside_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_op_without_credit_refund","case":"downside","kind":"derived","unit":"USD_millions","basis":"Removes the already recognized net tariff-refund benefit before separately estimating its cash collection.","label":"Operating income excluding credits and refund accrual","value":-539.0500000000003,"period":"FY2026","formula":{"op":"subtract","refs":["downside_fy2026_op_without_credits","refund_benefit"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_refund_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk cash timing after customer sharing; not a new benefit in gross profit. Across the two modeled years, receipts do not exceed the $88.6M recorded net benefit.","label":"Net cash realized from the Q2 2026 refund","value":0.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"downside_fy2027_refund_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk cash timing after customer sharing; not a new benefit in gross profit. Across the two modeled years, receipts do not exceed the $88.6M recorded net benefit.","label":"Net cash realized from the Q2 2026 refund","value":40.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2026_op_without_credit_refund","case":"base","kind":"derived","unit":"USD_millions","basis":"Removes the already recognized net tariff-refund benefit before separately estimating its cash collection.","label":"Operating income excluding credits and refund accrual","value":-356.1,"period":"FY2026","formula":{"op":"subtract","refs":["base_fy2026_op_without_credits","refund_benefit"]},"source_url":null,"source_date":null},{"id":"base_fy2026_refund_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk cash timing after customer sharing; not a new benefit in gross profit. Across the two modeled years, receipts do not exceed the $88.6M recorded net benefit.","label":"Net cash realized from the Q2 2026 refund","value":40.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"base_fy2027_refund_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk cash timing after customer sharing; not a new benefit in gross profit. Across the two modeled years, receipts do not exceed the $88.6M recorded net benefit.","label":"Net cash realized from the Q2 2026 refund","value":48.6,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2026_op_without_credit_refund","case":"upside","kind":"derived","unit":"USD_millions","basis":"Removes the already recognized net tariff-refund benefit before separately estimating its cash collection.","label":"Operating income excluding credits and refund accrual","value":-253.8249999999999,"period":"FY2026","formula":{"op":"subtract","refs":["upside_fy2026_op_without_credits","refund_benefit"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_refund_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk cash timing after customer sharing; not a new benefit in gross profit. Across the two modeled years, receipts do not exceed the $88.6M recorded net benefit.","label":"Net cash realized from the Q2 2026 refund","value":88.6,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"upside_fy2027_refund_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk cash timing after customer sharing; not a new benefit in gross profit. Across the two modeled years, receipts do not exceed the $88.6M recorded net benefit.","label":"Net cash realized from the Q2 2026 refund","value":0.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null}],"title":"Module deliveries, manufacturing credits and cash collection","method":"Separate module gross profit before manufacturing credits from 45X credits and the recognized tariff-refund benefit. FY2026 revenue starts at the company-guidance midpoint and changes with a delivery/price factor; credits change with a separate eligible-production factor. Cash flow removes accrued credits from operating income and substitutes assumed credit collections, then adds noncash costs and deducts taxes and working-capital uses. The reported first half is retained in FY2026; FY2027 is a desk extension with no new tariff refund assumed. Remove the recognized FY2026 tariff-refund accrual from cash earnings and substitute explicit net collections; FY2027 may collect an old refund without recording a new gross-profit benefit.","metrics":{"cfo":"Operating cash flow ($M)","fcf":"Operating cash flow less capex ($M)","capex":"Cash capex ($M)","revenue":"Revenue ($M)","gross_profit":"GAAP gross profit ($M)","operating_income":"GAAP operating income ($M)"},"outputs":[{"case":"downside","period":"2026Q3","values":{"cfo":288.92924999999997,"fcf":-35.138700000000085,"capex":324.06795000000005,"revenue":1213.6801500000001,"gross_profit":480.06674999999996,"operating_income":327.26744999999994},"metrics":{"cfo":"downside_2026q3_cfo","fcf":"downside_2026q3_fcf","capex":"downside_2026q3_capex","revenue":"downside_2026q3_revenue","gross_profit":"downside_2026q3_gross_profit","operating_income":"downside_2026q3_operating_income"},"frequency":"quarter","period_end":"2026-09-30"},{"case":"downside","period":"2026Q4","values":{"cfo":866.78775,"fcf":470.7046999999999,"capex":396.08305000000007,"revenue":1483.38685,"gross_profit":586.74825,"operating_income":399.99354999999997},"metrics":{"cfo":"downside_2026q4_cfo","fcf":"downside_2026q4_fcf","capex":"downside_2026q4_capex","revenue":"downside_2026q4_revenue","gross_profit":"downside_2026q4_gross_profit","operating_income":"downside_2026q4_operating_income"},"frequency":"quarter","period_end":"2026-12-31"},{"case":"downside","period":"2027Q1","values":{"cfo":90.23299999999998,"fcf":-99.76700000000002,"capex":190.0,"revenue":959.5,"gross_profit":413.87,"operating_income":279.87},"metrics":{"cfo":"downside_2027q1_cfo","fcf":"downside_2027q1_fcf","capex":"downside_2027q1_capex","revenue":"downside_2027q1_revenue","gross_profit":"downside_2027q1_gross_profit","operating_income":"downside_2027q1_operating_income"},"frequency":"quarter","period_end":"2027-03-31"},{"case":"downside","period":"2027Q2","values":{"cfo":135.34949999999995,"fcf":-83.15050000000005,"capex":218.5,"revenue":1103.425,"gross_profit":475.9505,"operating_income":321.8505},"metrics":{"cfo":"downside_2027q2_cfo","fcf":"downside_2027q2_fcf","capex":"downside_2027q2_capex","revenue":"downside_2027q2_revenue","gross_profit":"downside_2027q2_gross_profit","operating_income":"downside_2027q2_operating_income"},"frequency":"quarter","period_end":"2027-06-30"},{"case":"downside","period":"FY2026","values":{"cfo":795.9499999999998,"fcf":-204.05000000000018,"capex":1000.0,"revenue":4797.5,"gross_profit":2157.95,"operating_income":1522.9499999999998},"metrics":{"cfo":"downside_fy2026_cfo","fcf":"downside_fy2026_fcf","capex":"downside_fy2026_capex","revenue":"downside_fy2026_revenue","gross_profit":"downside_fy2026_gross_profit","operating_income":"downside_fy2026_operating_income"},"frequency":"year","period_end":"2026-12-31"},{"case":"downside","period":"FY2027","values":{"cfo":902.3299999999997,"fcf":-47.6700000000003,"capex":950.0,"revenue":4797.5,"gross_profit":2069.35,"operating_income":1399.35},"metrics":{"cfo":"downside_fy2027_cfo","fcf":"downside_fy2027_fcf","capex":"downside_fy2027_capex","revenue":"downside_fy2027_revenue","gross_profit":"downside_fy2027_gross_profit","operating_income":"downside_fy2027_operating_income"},"frequency":"year","period_end":"2027-12-31"},{"case":"base","period":"2026Q3","values":{"cfo":490.41675000000004,"fcf":211.34879999999998,"capex":279.06795000000005,"revenue":1327.3051500000001,"gross_profit":633.98925,"operating_income":486.81495000000007},"metrics":{"cfo":"base_2026q3_cfo","fcf":"base_2026q3_fcf","capex":"base_2026q3_capex","revenue":"base_2026q3_revenue","gross_profit":"base_2026q3_gross_profit","operating_income":"base_2026q3_operating_income"},"frequency":"quarter","period_end":"2026-09-30"},{"case":"base","period":"2026Q4","values":{"cfo":1471.25025,"fcf":1130.1671999999999,"capex":341.08305000000007,"revenue":1622.26185,"gross_profit":774.87575,"operating_income":594.9960500000001},"metrics":{"cfo":"base_2026q4_cfo","fcf":"base_2026q4_fcf","capex":"base_2026q4_capex","revenue":"base_2026q4_revenue","gross_profit":"base_2026q4_gross_profit","operating_income":"base_2026q4_operating_income"},"frequency":"quarter","period_end":"2026-12-31"},{"case":"base","period":"2027Q1","values":{"cfo":208.34250000000003,"fcf":28.34250000000003,"capex":180.0,"revenue":1111.0,"gross_profit":538.5600000000001,"operating_income":404.56000000000006},"metrics":{"cfo":"base_2027q1_cfo","fcf":"base_2027q1_fcf","capex":"base_2027q1_capex","revenue":"base_2027q1_revenue","gross_profit":"base_2027q1_gross_profit","operating_income":"base_2027q1_operating_income"},"frequency":"quarter","period_end":"2027-03-31"},{"case":"base","period":"2027Q2","values":{"cfo":312.51375,"fcf":105.51375000000002,"capex":207.0,"revenue":1277.65,"gross_profit":619.344,"operating_income":465.2440000000001},"metrics":{"cfo":"base_2027q2_cfo","fcf":"base_2027q2_fcf","capex":"base_2027q2_capex","revenue":"base_2027q2_revenue","gross_profit":"base_2027q2_gross_profit","operating_income":"base_2027q2_operating_income"},"frequency":"quarter","period_end":"2027-06-30"},{"case":"base","period":"FY2026","values":{"cfo":1601.9,"fcf":701.9000000000001,"capex":900.0,"revenue":5050.0,"gross_profit":2500.0,"operating_income":1877.5},"metrics":{"cfo":"base_fy2026_cfo","fcf":"base_fy2026_fcf","capex":"base_fy2026_capex","revenue":"base_fy2026_revenue","gross_profit":"base_fy2026_gross_profit","operating_income":"base_fy2026_operating_income"},"frequency":"year","period_end":"2026-12-31"},{"case":"base","period":"FY2027","values":{"cfo":2083.425,"fcf":1183.4250000000002,"capex":900.0,"revenue":5555.0,"gross_profit":2692.8,"operating_income":2022.8000000000002},"metrics":{"cfo":"base_fy2027_cfo","fcf":"base_fy2027_fcf","capex":"base_fy2027_capex","revenue":"base_fy2027_revenue","gross_profit":"base_fy2027_gross_profit","operating_income":"base_fy2027_operating_income"},"frequency":"year","period_end":"2027-12-31"},{"case":"upside","period":"2026Q3","values":{"cfo":611.1355,"fcf":377.06755,"capex":234.06795000000002,"revenue":1440.9301500000001,"gross_profit":719.7480000000002,"operating_income":571.4487000000003},"metrics":{"cfo":"upside_2026q3_cfo","fcf":"upside_2026q3_fcf","capex":"upside_2026q3_capex","revenue":"upside_2026q3_revenue","gross_profit":"upside_2026q3_gross_profit","operating_income":"upside_2026q3_operating_income"},"frequency":"quarter","period_end":"2026-09-30"},{"case":"upside","period":"2026Q4","values":{"cfo":1833.4065,"fcf":1547.3234499999999,"capex":286.08305000000007,"revenue":1761.13685,"gross_profit":879.6920000000002,"operating_income":698.4373000000003},"metrics":{"cfo":"upside_2026q4_cfo","fcf":"upside_2026q4_fcf","capex":"upside_2026q4_capex","revenue":"upside_2026q4_revenue","gross_profit":"upside_2026q4_gross_profit","operating_income":"upside_2026q4_operating_income"},"frequency":"quarter","period_end":"2026-12-31"},{"case":"upside","period":"2027Q1","values":{"cfo":259.8274,"fcf":79.82740000000001,"capex":180.0,"revenue":1240.7849999999999,"gross_profit":634.6548,"operating_income":492.6548},"metrics":{"cfo":"upside_2027q1_cfo","fcf":"upside_2027q1_fcf","capex":"upside_2027q1_capex","revenue":"upside_2027q1_revenue","gross_profit":"upside_2027q1_gross_profit","operating_income":"upside_2027q1_operating_income"},"frequency":"quarter","period_end":"2027-03-31"},{"case":"upside","period":"2027Q2","values":{"cfo":389.74109999999996,"fcf":182.74109999999996,"capex":207.0,"revenue":1426.90275,"gross_profit":729.85302,"operating_income":566.55302},"metrics":{"cfo":"upside_2027q2_cfo","fcf":"upside_2027q2_fcf","capex":"upside_2027q2_capex","revenue":"upside_2027q2_revenue","gross_profit":"upside_2027q2_gross_profit","operating_income":"upside_2027q2_operating_income"},"frequency":"quarter","period_end":"2027-06-30"},{"case":"upside","period":"FY2026","values":{"cfo":2084.775,"fcf":1284.775,"capex":800.0,"revenue":5302.5,"gross_profit":2690.5750000000003,"operating_income":2065.5750000000003},"metrics":{"cfo":"upside_fy2026_cfo","fcf":"upside_fy2026_fcf","capex":"upside_fy2026_capex","revenue":"upside_fy2026_revenue","gross_profit":"upside_fy2026_gross_profit","operating_income":"upside_fy2026_operating_income"},"frequency":"year","period_end":"2026-12-31"},{"case":"upside","period":"FY2027","values":{"cfo":2598.274,"fcf":1698.274,"capex":900.0,"revenue":6203.924999999999,"gross_profit":3173.274,"operating_income":2463.274},"metrics":{"cfo":"upside_fy2027_cfo","fcf":"upside_fy2027_fcf","capex":"upside_fy2027_capex","revenue":"upside_fy2027_revenue","gross_profit":"upside_fy2027_gross_profit","operating_income":"upside_fy2027_operating_income"},"frequency":"year","period_end":"2027-12-31"}],"highlights":["q2_revenue","q2_gross_profit","refund_benefit","h1_cfo","h1_credit_cash","fy26_revenue_guide","fy26_credit_guide","guide_core_margin","credit_receivables_current","credit_receivables_noncurrent","current_debt","base_fy2026_refund_cash","base_fy2027_refund_cash"],"limitations":["Initial operating sensitivities, not a complete three-statement, plant-capacity or equity-valuation model. No FY2027 company guidance or consensus is assumed.","The delivery factor combines volume, pricing and mix; the filing does not justify a single universal realized module price. Backlog can be delayed, renegotiated or canceled.","Credit accrual and cash collection are different assumptions. The cash bridge bundles non-credit working capital and other cash items; it does not forecast each receivable, inventory balance or grant installment.","FY2026 retains the Q2 recognized $88.6M net tariff-refund benefit in earnings, but cash collection is modeled separately. FY2027 has no new refund income; it can collect a portion of the prior-year amount.","Historical cash is cash and equivalents, not the company net-cash measure. Long-term debt of zero in Q2 excludes $37.6M of current debt. Modeled cash after capex is not ending net cash."],"reviewed_at":"2026-09-19","schema_version":"operating_model.v1"}}