JinkoSolar (JKS) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 24, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

-16.22

Last Year’s EPS

-3.76

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 2 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Apr 16, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call describes a company that retains clear industry leadership and strong technology and product momentum (market share, TOPCon/perovskite R&D, ESS growth, positive operating cash flow), but is facing meaningful near-term financial stress: steep revenue decline, dramatically compressed gross profits and margins, increased impairments, and higher net debt. Management points to stabilization in pricing, recovery via high-efficiency product premiums, and ESS as a second growth engine, but the magnitude of 2025 financial deterioration creates material near-term risk despite constructive strategic initiatives.

Company Guidance

JinkoSolar guided to about 100 GW of integrated production capacity by the end of 2026 (including ~14 GW overseas), full‑year module shipments of 75–85 GW with Q4 2026 shipments of 13–14 GW, and said ESS shipments should more than double from 2025 (2025 ESS shipments were ~5.2 GW with ~1.7 GWh recognized as revenue and signed/high‑potential ESS orders >10 GWh); management expects full‑year 2026 operating cash flow to remain positive, plans to cut 2026 CapEx to ~RMB5 billion (≈USD700 million) versus ~USD1 billion depreciation and ~USD1 billion CapEx in 2025, will keep its 2 GW N‑type U.S. module facility at high utilization, expects U.S. shipments to be ~5–10% of total and China’s share to fall to ~30%, and noted high‑efficiency products (Q4 >640 Wp shipments ≈3 GW) earn a ~USD0.01/W premium and that ESS gross margin is targeted at roughly 10–15%, with module prices expected to stabilize and differentiated products to command premiums.

Global Shipment Leadership

Total module shipments of 86 GW in 2025, ranking first globally for the seventh consecutive year; Q4 shipments totaled 26 GW with a 20.9% sequential increase in module shipments.

Energy Storage (ESS) Rapid Growth

ESS shipments grew to 5.2 GW in 2025 with ~1.7 GWh recognized as revenue; signed and high-potential ESS orders exceeded 10 GWh and management expects ESS shipments to more than double in 2026, with ESS gross margin target of ~10%–15%.

Positive Operating Cash Flow

Operating cash flow of approximately $470 million in Q4 and $280 million for full-year 2025 (positive full-year OCF achieved and target met).

Technology and Product Leadership

TOPCon leadership with over 700 TOPCon patents; maximum lab anti-TOPCon cell efficiency reached 27.99% and anti-TOPCon/perovskite tandem conversion efficiency reached 34.76%; high-efficiency >640 Wp products shipments expanded to ~3 GW in Q4 and Tiger Neo series cumulative shipments exceeded 220 GW.

Operational Efficiency Improvements

AR turnover days improved to 94 days (from 105 in prior quarter) and inventory days improved to 75 (from 90), reflecting better working capital efficiency and improved operating metrics.

Strategic Guidance and Capacity Buildout

Guidance for ~100 GW integrated production capacity by end of 2026 (including 14 GW overseas); FY2026 module shipment guidance of 75–85 GW and Q4 2026 guidance of 13–14 GW.

Brand and Sustainability Recognition

Recognized as a Tier 1 energy storage provider for eight consecutive quarters; S&P Global CSE score of 78 (highest among PV module companies) and inclusion in the 2026 Sustainability Yearbook.

Price & Mix Recovery Potential

Management reports module prices rebounded sequentially entering 2026 due to cost pass-through (silver, etc.) and policy normalization, with high-efficiency/differentiated products commanding a premium that supports margin recovery prospects.

JinkoSolar (JKS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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JKS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 24, 2026	2026 (Q1)	-16.22 / -	-3.76	―	―	―
Apr 16, 2026	2025 (Q4)	-1.77 / -1.05	-3.76	72.08% (+2.71)
Nov 17, 2025	2025 (Q3)	-2.10 / -1.04	0.075	-1483.46% (-1.12)
Aug 27, 2025	2025 (Q2)	-3.42 / -1.47	0.258	-668.98% (-1.73)	―	―
Apr 29, 2025	2025 (Q1)	-1.04 / -3.76	1.237	-403.98% (-5.00)
Mar 26, 2025	2024 (Q4)	-0.44 / -1.08	1.279	-184.61% (-2.36)
Oct 30, 2024	2024 (Q3)	-0.75 / 0.08	3.549	-97.88% (-3.47)
Aug 30, 2024	2024 (Q2)	-0.16 / 0.26	3.74	-93.10% (-3.48)
Apr 29, 2024	2024 (Q1)	0.11 / 1.24	2.346	-47.27% (-1.11)
Mar 20, 2024	2023 (Q4)	2.66 / 1.28	2.093	-38.92% (-0.81)

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

JKS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 16, 2026	$24.22	$21.34	-11.89%
Nov 17, 2025	$27.04	$30.58	+13.09%
Aug 27, 2025	$23.62	$22.50	-4.74%
Apr 29, 2025	$16.60	$15.96	-3.85%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.