Overview

* Canadian Solar ( CSIQ ) Q3 revenue of $1.5 bln beats analyst expectations

* Adjusted EPS for Q3 misses estimates with a loss of $0.58

* Gross margin exceeds company guidance, driven by strong battery storage shipments

Outlook

* Company expects Q4 2025 revenue between $1.3 bln and $1.5 bln

* Company forecasts Q4 2025 gross margin between 14% and 16%

* Canadian Solar ( CSIQ ) projects 2026 module shipments between 25 GW and 30 GW

Result Drivers

* ENERGY STORAGE SHIPMENTS - Record 2.7 GWh in battery energy storage shipments exceeded guidance, contributing to strong results

* PROFITABLE MARKETS - Higher mix of module shipments to profitable markets supported gross margin exceeding expectations

* MANUFACTURING EXPANSION - Progress on U.S. manufacturing facilities expected to enhance future profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.50 $1.41

Revenue bln bln (8

Analysts

)

Q3 Miss -$0.58 -$0.42

Adjusted (7

EPS Analysts

)

Q3 Net $9 mln

Income

Q3 Gross $256 mln

Profit

Q3 $222 mln

Operatin

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and 4 "sell" or "strong sell"

* The average consensus recommendation for the renewable energy equipment & services peer group is "buy."

* Wall Street's median 12-month price target for Canadian Solar Inc ( CSIQ ) is $11.00, about 158.7% below its November 12 closing price of $28.46

* The stock recently traded at 286 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)