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Material top-line beat on revenue with a favorable storage mix, confirmed guidance, and significant North American capacity expansion (HJT Phase II to 6.3 GWp). The Maxeon settlement reduces downside litigation risk; growth from e-STORAGE and a large pipeline support longer-term value, even as GAAP losses persist in near term.
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Canadian Solar reported Q2 2026 revenue of $1.2B with a 13.9% gross margin and a GAAP net loss of $77M. The quarter featured 3.7 GWh of energy storage shipments, above guidance, and the formal opening of the U.S. HJT cell factory Phase I, with Phase II expansion slated to reach 6.3 GWp by mid-2027. The company reiterated 2026 guidance and highlighted a robust North American manufacturing push that could lift longer-term profitability as pipeline work accelerates.
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