EarningsQ2 2026 Earnings Report
MX:CSIQN Q2 2026 EPS Results
Actual EPS-$25.43
Consensus EPS-$3.32
Beat/MissMissed by -$22.10
One Year Ago EPS$1.94
MX:CSIQN Q2 2026 Revenue Results
Actual Revenue$21.93B
Expected Revenue$21.28B
Beat/MissBeat by +$656.75M
YoY Revenue Growth-28.70%
Earnings Announcement Details
QuarterQ2 2026
Date08/27/2026
TimeBefore Open
Conference CallThursday, August 27, 2026
MX:CSIQN Upcoming Earnings
Canadian Solar's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:CSIQN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of substantial strategic and operational progress — notably the U.S. HJT facility opening, strong module and storage volumes, sizable U.S.-focused backlog (>13 GWp, >$4.5B) and a meaningful storage backlog ($3.5B) — alongside notable near-term financial headwinds including a $77M net loss, higher operating expenses (+21% sequential), negative operating cash flow ($181M used), rising debt ($7.1B) and impairment/deferrals in the project development business. Management reiterated full-year operational guidance, provided constructive outlook for Q3 revenue ($1.3–$1.5B) and margins (13.5%–15.5%), and emphasized that ramp-up and freight-driven costs should normalize as U.S. manufacturing scales and policy tailwinds (Section 232) take effect. Given the balance of meaningful strategic wins and clear near-term financial challenges, the overall tone is balanced but cautiously constructive.Company Guidance
Revenue at High End of Guidance
Total revenue of $1.2 billion in Q2 2026, reported at the high end of guidance; sequential increases in recognized module volumes (3.1 GW) and energy storage recognized revenue (3.3 GWh).
Strong Module and Storage Shipment Volumes
Shipped 3.1 GW of solar modules (recognized) and shipped 3.7 GWh of energy storage solutions (recognized revenue on 3.3 GWh after internal allocations); storage outperformed guidance due to accelerated deliveries across multiple regions.
Milestone U.S. HJT Cell Facility Opening
Official opening of Jeffersonville HJT solar cell facility — the first commercially operational HJT manufacturer in the U.S.; Phase 1 ramping to 2.1 GWp (full-scale production targeted Oct 1) and Phase 2 to bring total nameplate cell capacity to 6.3 GWp in 2027. Paired with a 10 GWp module plant in Texas.
Large Contracted Backlog for Domestic Modules
CS PowerTech secured over 13 GWp in contracted backlog for domestically manufactured HJT and TOPCon modules with deliveries through 2029; backlog represents north of $4.5 billion in value (expected to increase as Section 232 adjustments are applied).
Significant e-STORAGE Backlog and Strategic Wins
e-STORAGE contracted backlog of $3.5 billion, long-term service agreements covering 34 GWh of contracted projects; notable contract wins include a 500 MW / 2.5 GWh DC project supporting data center resilience and a broad push into data center and behind-the-meter opportunities.
Pipeline and Development Scale
Recurrent Energy: grid interconnections secured of ~6 GW solar and 13 GWh storage (excluding operational projects); total development pipeline ~22 GW solar and 84 GWh storage globally, with active monetization and financing activity (e.g., $695 million construction & tax equity package for 330 MW Cobalt Solar).
Healthy Liquidity and Strategic CapEx
Closed quarter with $1.9 billion in cash; total assets $16.1 billion. Q2 CapEx $172 million with full-year 2026 CapEx guidance ~ $1.3 billion to support U.S. manufacturing expansion.
Technology Roadmap Progress
Clear multi-generation technology roadmap: mass production and optimization of HJT and TOPCon (module efficiency targets rising from 23.2% to 24.4%), planned premium architectures by 2028, long-duration storage and sodium-ion validation, SolBank 3.0 in production and SolBank 4.0 (25% higher energy density) starting 2027.
MX:CSIQN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed