Canadian Solar ( (CSIQ) ) has released its Q2 earnings. Here is a breakdown of the information Canadian Solar presented to its investors.
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Canadian Solar Inc., headquartered in Kitchener, Ontario, is a leading global solar technology and renewable energy company, specializing in the manufacture of solar photovoltaic modules, solar energy solutions, and battery energy storage systems, as well as the development and operation of utility-scale solar power and battery energy storage projects.
In its second quarter of 2025, Canadian Solar reported a 14% increase in solar module shipments, reaching 7.9 GW, and a gross margin of 29.8%, surpassing its guidance. However, revenue fell short of expectations due to delays in storage shipments and certain project sales. The company also released its 2024 Sustainability Report, aligning with global reporting standards.
Key financial metrics for the quarter included net revenues of $1.7 billion, a 42% sequential increase, and a gross profit of $505 million. Despite these gains, net income attributable to shareholders was $7 million, translating to a net loss of $0.08 per diluted share, impacted by non-recurring operating expenses. The company ended the quarter with $2.3 billion in cash and a total debt of $6.3 billion.
Canadian Solar’s strategic focus remains on managing module volumes in less profitable markets and expanding storage volumes globally. The company is also advancing its project development pipeline, which includes 27.3 GWp of solar projects and 80.2 GWh of battery energy storage projects in various stages of development.
Looking ahead, Canadian Solar anticipates challenges in the second half of the year due to rising solar supply chain prices and trade uncertainties. The company expects third-quarter revenues between $1.3 billion and $1.5 billion, with a gross margin of 14% to 16%, while maintaining a cautious approach to balancing growth and profitability.