Earning Analysis
Welcome to our in-depth analysis of Canadian Solar Inc(CSIQ) earnings, offering investors a detailed look into the company’s financial performance, revenue trends, earnings per share (EPS), and market reactions. This page provides a comprehensive overview of Canadian Solar Inc earnings history, forecasts, and key financial metrics, empowering you with the data needed to make informed investment decisions. Whether you're tracking quarterly results, analyzing earnings surprises, or exploring future projections, our detailed breakdown covers it all.
Earnings Forecast
Revenue
EPS
Currency: USD
Actual
Estimate
Surprise Analysis
FY2025Q1 | 2025-05-15 | Pre-Market | -1.50 | -1.07 | +28.67 | 1.10B | 1.20B | +9.15 | +5.74 | +8.11 |
FY2024Q4 | 2025-03-25 | Pre-Market | -0.21 | -1.47 | -600.00 | 1.57B | 1.52B | -2.92 | +0.57 | -10.87 |
FY2024Q3 | 2024-12-05 | Pre-Market | -0.44 | -0.31 | +29.55 | 1.71B | 1.51B | -11.94 | -5.05 | +5.88 |
FY2024Q2 | 2024-08-22 | Pre-Market | -0.01 | 0.02 | +300.00 | 1.61B | 1.64B | +1.61 | -15.66 | -14.84 |
FY2024Q1 | 2024-05-09 | - | -0.34 | 0.19 | +155.88 | 1.29B | 1.33B | +3.25 | -1.82 | -5.00 |
FY2023Q4 | 2024-03-14 | - | -0.13 | -0.02 | +84.62 | 1.69B | 1.70B | +0.90 | -0.92 | -1.58 |
FY2023Q3 | 2023-11-14 | - | 0.91 | 0.32 | -64.84 | 2.03B | 1.85B | -9.19 | +2.91 | -0.76 |
FY2023Q2 | 2023-08-22 | - | 1.52 | 2.39 | +57.24 | 2.49B | 2.36B | -4.99 | -12.91 | -14.27 |
- | 2023-05-18 | - | 0.48 | 1.19 | +147.92 | - | - | - | +3.77 | +11.73 |
- | 2023-03-21 | - | 0.48 | 1.11 | +131.25 | - | - | - | +15.03 | +7.98 |
CSIQ Earnings Analysis
Our earnings analysis provides a granular look at the company’s performance across recent fiscal quarters, highlighting key metrics such as revenue, EPS, and operating margins. By examining actual results against analyst estimates, we uncover trends and surprises that drive stock price movements, offering valuable insights for both short-term traders and long-term investors.
In the most recent quarter, Canadian Solar Inc reported performance for FY2025Q1, announced on 2025-05-15. The company achieved an EPS of -1.07, compared to analyst estimates of -1.50 by 28.67% . Revenue for the quarter reached 1.20B compared to expectations of 1.10B by 9.15% .
The stock price reacted with a 5.74% one-day change and a 8.11% five-day change following the earnings release. These movements reflect market reaction in Canadian Solar Inc growth trajectory and strategic initiatives.
CSIQ Earnings Forecast
Looking ahead, Canadian Solar Inc(CSIQ) remains a focal point for investors seeking growth opportunities. Analyst forecasts for 2025/Q2 project quarter revenue of 1.92B and an EPS of 0.87.
However, recent estimate revisions provide additional context. Over the past three months, revenue estimates for FY2025 have been Revise Downward by -0.6%, while EPS estimates have been Revise Downward by -180%. For the upcoming Q2 2025, revenue estimates have been adjusted Revise Upward by 1.17% . These revisions correlate with a -0.20% change in stock price over the same period, suggesting potential buying opportunities for investors who believe in Canadian Solar Inc long-term fundamentals.
The relationship between earnings forecast revisions and stock price movements is critical for investors. Positive revisions in revenue or EPS often signal strengthening fundamentals, making temporary price dips attractive entry points. Conversely, downward revisions may reflect short-term challenges.
Estimate Revision
The chart shows the correlation between CSIQ's stock price and earnings forecast revisions. Positive revisions in Revenue or EPS often strengthen the stock's fundamentals, making price dips potential buying opportunities.
Revenue Estimates for FY2025
Revise Downward

-0.6%
In Past 3 Month
EPS Estimates for FY2025
Revise Downward

-180%
In Past 3 Month
Revenue Estimates for Q2 2025
Revise Upward

+1.17%
In Past 3 Month
Stock Price
Go Down

-0.20%
In Past 3 Month
1Y
3Y
5Y
Annual FY 2025
Currency: USD
1Y
3Y
5Y
--
Revenue Estimate-Annual FY 2025:7.41B
--
EPS Estimate-Annual FY 2025:-0.76
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Stock Price10.03
CSIQ Revenue and EPS Performance: A Historical Perspective
Canadian Solar Inc revenue and earnings per share (EPS) performance over recent quarters provides a clear picture of its financial health. Below is a detailed breakdown of the company’s earnings history, showcasing actual results, analyst estimates, and surprise percentages for key fiscal quarters:
FY2025Q1 (2025-05-15,Pre-Market):
EPS: -1.07 (Actual) vs.-1.50 (Estimate) (28.67%)
Revenue: 1.20B (Actual) vs. 1.10B (Estimate) (9.15%)
Price Reaction: 5.74%(1-Day), 8.11%(5-Day)
FY2024Q4 (2025-03-25,Pre-Market):
EPS: -1.47 (Actual) vs.-0.21 (Estimate) (-600.00%)
Revenue: 1.52B (Actual) vs. 1.57B (Estimate) (-2.92%)
Price Reaction: 0.57%(1-Day), -10.87%(5-Day)
FY2024Q3 (2024-12-05,Pre-Market):
EPS: -0.31 (Actual) vs.-0.44 (Estimate) (29.55%)
Revenue: 1.51B (Actual) vs. 1.71B (Estimate) (-11.94%)
Price Reaction: -5.05%(1-Day), 5.88%(5-Day)
Earnings Reaction
The chart below shows how CSIQ performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CSIQ sees a +0.77% change in stock price 10 days leading up to the earnings, and a -4.93% change 10 days following the report. On the earnings day itself, the stock moves by -0.83%. This data can give you a slight idea of what to expect for the next quarter's release.
For example, in MAR/2025, the stock changed 1.50% on the day following the earnings release and then changed by -6.17% over the next 10 days. These patterns provide investors with valuable insights into potential price movements and help inform trading strategies around earnings events.
Transcript Summary
Canadian Solar Inc (CSIQ) Q1 2025 Earnings Call Summary
Negative
2025-05-16
The earnings call reveals several negative factors: a decline in revenue and gross margin, net loss, and increased debt. The Q&A highlighted management's unclear responses, particularly on FEOC provisions and gross margins. The lack of a shareholder return plan, competitive pressures, and regulatory uncertainties further weigh on sentiment. Despite some positive aspects like product innovation and market expansion, the overall outlook is negative, especially given the market cap's susceptibility to these challenges.
Canadian Solar Inc (CSIQ) Q1 2025 Earnings Call Summary
Negative
2025-05-15
Despite some positive elements like product innovation and market expansion, the earnings call reveals significant challenges: a net loss, high debt, squeezed margins, and uncertainties in tariffs and policies. The Q&A section highlights management's vague guidance on future margins and tariffs, adding to investor concerns. The stock's small market cap suggests a stronger reaction to these negative factors, leading to a likely negative stock price movement in the short term.
Canadian Solar Inc (CSIQ) Q4 2024 Earnings Call Summary
Negative
2025-03-25
The earnings call revealed weak financial performance, including a significant drop in net income and gross margin, along with impairments and increased operating expenses. Despite some optimistic guidance on storage margins and U.S. market strength, the overall sentiment is negative due to declining revenue and net loss. The Q&A highlighted management's evasiveness on tariffs and margin impacts, adding uncertainty. Given the company's small market cap, the stock is likely to react negatively, falling between -2% to -8% over the next two weeks.
Canadian Solar Inc (CSIQ) Q4 2024 Earnings Call Summary
Negative
2025-03-25
Despite a record high in energy storage shipments, the company experienced significant gross margin reductions and increased operating expenses, resulting in a net loss. The Q&A highlighted uncertainties in pricing and geopolitical tensions, with management providing unclear responses on tariffs' impact. Although there are optimistic elements like backlog and cash flow, the negative financial results and unclear guidance lead to a negative sentiment. Given the small-cap status, the stock is likely to react negatively, falling between -2% to -8%.
Canadian Solar (CSIQ) Q3 2024 Earnings Call Summary
Negative
2024-12-05
The earnings call reveals a decline in revenue and net loss, compounded by logistics disruptions and economic uncertainties. Despite investment in U.S. manufacturing, the market's reaction may be negative due to increased debt and project delays. The Q&A section highlights concerns over tariffs and unclear management responses, further impacting sentiment. Given the company's small market cap, the stock is likely to see a negative reaction in the range of -2% to -8% over the next two weeks.
Canadian Solar Inc. (CSIQ) Q2 2024 Earnings Call Summary
Neutral
2024-08-22
The earnings call presents a mixed picture: strong financial metrics with $1.6 billion revenue in line with guidance and healthy U.S. module margins, but challenges include decreased gross margins, high operating expenses, and lack of shareholder return plans. The Q&A section reveals uncertainty in sales and distribution costs and potential IPO timelines. Despite optimistic guidance for e-STORAGE and distribution markets, regulatory and supply chain challenges persist. Given the market cap of $1.03 billion, the stock is likely to react within the neutral range (-2% to 2%).
FAQ

What were the key highlights of CSIQ’s latest earnings report for FY2025Q1?
CSIQ reported its FY2025Q1 earnings on 2025-05-15, showcasing a revenue of 1.20B against an estimate of 1.10B, resulting in a 9.15% surprise. The EPS was -1.07, surpassing the expected -1.5 by 28.67% . The stock experienced a 5.74% price change on the earnings day and a 8.11% change over the next five days, reflecting market reactions to the results.

How did CSIQ’s stock price react after the FY2025Q1 earnings release?

What are the revenue and EPS estimates for CSIQ for 2025/Q2?

How does CSIQ’s stock price correlate with earnings forecast revisions?

What should investors expect from CSIQ’s next earnings report?
