You can read coverage of Canadian Solar’s results focused on the solar PV side of the business over at PV Tech, which notes that the company expects an increase in solar module shipments in Q3 as it ramps up its PV manufacturing capacity significantly, particularly in the US through 2026.
Q2 2026 net revenues stood at US$1.2 billion, at the high end of previously offered guidance of US$1 billion to US$1.2 billion. This was a sequential increase of 12% from the previous quarter, but 29% less than Q2 2025’s US$1.7 billion.
Meanwhile, gross margin was 13.9%, less than half the 29.8% reported a year previously for Q2 2025. Canadian Solar posted a net loss of US$77 million for the quarter.
The company offered guidance for Q3 shipments, forecasting 3.5GW to 3.8GW of solar PV module shipments and between 3.4GWh and 3.8GWh of battery storage shipments, revenue between US$1.3 billion – US$1.5 billion and a 13.5% – 15.5% gross margin.
It also gave full-year 2026 guidance, limited only to expected module and BESS shipments to the US market: Canadian Solar expects to ship between 6.5GW and 7GW of PV modules in the US this year and between 4.5GWh and 5.5GWh of BESS.
