Canadian Solar Inc (CSIQ) reported disappointing financial results for the third quarter of fiscal 2025. The company's earnings per share (EPS) came in at $-0.58, falling short of Wall Street's consensus estimate of $-0.54 by $0.04. Although revenue reached $1.5 billion, it slightly exceeded the expected $1.4 billion, highlighting a mixed performance.
The company, headquartered in Guelph, Ontario, engages in the manufacture of solar photovoltaic modules and the provision of solar energy and battery storage solutions. With a workforce of 17,113 employees, Canadian Solar operates through two segments: Recurrent Energy and CSI Solar. The Recurrent Energy segment focuses on greenfield origination and development, while CSI Solar specializes in solar module manufacturing and system solutions.
Canadian Solar will host an earnings conference call to discuss these results further, providing additional commentary on its business performance. This update provides insight into the company's operational challenges and market conditions that may have influenced the results.
Investors are encouraged to review the full earnings release and listen to management's commentary for a comprehensive understanding of the quarter's performance and future outlook. Upcoming earnings are scheduled for May 13, 2026, with EPS estimated at $-0.09 and revenue at $1.6 billion, indicating a continued focus on recovery in the coming quarters.