Canadian Solar Reports 39.27% Revenue Drop in H1 2026

Canadian Solar disclosed its semiannual report on August 27, ulation2026. In the first half of 2026, the company recorded operating revenue of RMB 12.784 billion, a year-on-year decrease of 39.27%. Net profit attributable to shareholders of the listed company stood at RMB 300 million, down 59.02% from the same period last year. Basic earnings per share were RMB 0.08.

During the reporting period, the photovoltaic industry remained under sustained pressure. The company proactively reduced capacity to prioritize profitability, leading to lower shipments of solar modules and systems and a corresponding decline in module revenue, partially offset by growth in energy storage revenue. Meanwhile, price competition along the photovoltaic supply chain persisted, and gross margins were squeezed by increased fixed-cost amortization from the deliberate scale-back and higher upstream material costs for energy storage. The ongoing transition of the company's U. S. operations also had a temporary impact on its financial performance.