Canadian Solar Q2 FY26 net loss widens to USD 77 million; revenue drops 29% year over year to USD 1.2 billion - CSIQ News | RalliesCanadian Solar Q2 FY26 net loss widens to USD 77 million; revenue drops 29% year over year to USD 1.2 billion
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CSIQ• Q2 results
- Canadian Solar posted a Q2 GAAP net loss attributable to shareholders of USD 77 million, or USD 1.40 a share.
- Net revenues fell 29% year-over-year to USD 1.2 billion, even as they rose 12% from Q1.
- Gross margin dropped 11.2 percentage points from Q1 to 13.9%, due to no IEEPA tariff refund benefit and normalized storage margins.
Shipments and outlook
- Battery storage shipments recognized as revenue climbed 82% quarter-over-quarter to 3.7 GWh; solar module shipments rose 25% to 3.1 GW.
- Q3 outlook calls for revenue of USD 1.3 billion-USD 1.5 billion, gross margin of 13.5%-15.5%, and module shipments of 3.5-3.8 GW.
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