Canadian Solar misses Q2 estimates

* Canadian Solar press release [https://seekingalpha.com/pr/20207517-canadian-solar-reports-second-quarter-2025-results] (NASDAQ:CSIQ [https://seekingalpha.com/symbol/CSIQ]): Q2 Non-GAAP EPS of $0.53 misses by $0.34.
* Revenue of $1.7B (+3.7% Y/Y) misses by $200M.
* 14% quarter-over-quarter ("qoq") increase in solar module shipments to 7.9 GW, within guidance of 7.5 GW to 8.0 GW.
* 29.8% gross margin, exceeding guidance of 23% to 25%.
*
In Q3 2025, the Company expects total revenue to be in the range of $1.3 billion to $1.5 billion. Gross margin is expected to be between 14% and 16%. Total module shipments recognized as revenues by CSI Solar are expected to be in the range of 5.0 GW to 5.3 GW. Total battery energy storage shipments by CSI Solar in Q3 2025 are expected to be in the range of 2.1 GWh to 2.3 GWh, including approximately 250 MWh to the Company's own projects.

For the full year of 2025, the Company expects CSI Solar's total module shipments to be in the range of 25 GW to 27 GW, including approximately 1 GW to the Company's projects. CSI Solar's total battery energy storage shipments are expected to be in the range of 7 GWh to 9 GWh, including approximately 1 GWh to the Company's own projects. The Company's total revenue is expected to be in the range of $5.6 billion to $6.3 billion.

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