
• Reported GAAP EPS of -$1.66 down -425.49% YoY • Reported revenue of $1.22B down -19.99% YoY • Canadian Solar expects Q1 2026 revenue between $900M and $1.1B, with gross margin of 13% to 15%. The company also guides for 6.5-7.0 GW U.S. solar modules in 2026.
Bullish
Canadian Solar strategically prioritized margins and diversified into energy storage, accelerating U.S. manufacturing expansion. The company achieved a record $3.6B energy storage backlog and won patent litigation.
Bearish
Canadian Solar's Q4 2025 revenue and margins declined due to lower sales and asset impairments. Project delays and pipeline uncertainties, coupled with increased debt and volatile input costs, pose challenges.