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Canadian Solar Q2 EPS $(1.40) Misses $(1.18) Estimate, Sales $1.208B Beat $1.143B Estimate
Canadian Solar (NASDAQ:CSIQ) reported quarterly losses of $(1.40) per share which missed the analyst consensus estimate of $(1.18) by 18.64 percent. This is a 164.15 percent decrease over losses of $(0.53) per share
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Canadian Solar Q2 Loss Wider Than Estimates, Revenues Fall Y/Y
Canadian Solar reported a wider Q2 2026 loss of $1.40 per share despite beating revenue estimates at $1.21 billion. However, revenues declined 28.7% year-over-year due to lower gross margins and reduced module shipments. Battery storage shipments surged 73% year-over-year, showing strength in that segment. The company guided Q3 revenues of $1.30-$1.50 billion with gross margins of 13.5%-15.5%. Other solar companies showed mixed results: Enphase Energy missed revenue expectations with declining earnings, First Solar beat earnings estimates, and SolarEdge Technologies exceeded both earnings and revenue expectations.