Canadian Solar reported strong Q3 2025 results with revenues of $1.5 billion, driven by record energy storage shipments and a resilient North American market performance despite ongoing macroeconomic challenges.

• Delivered 5.01 GW of solar modules and achieved record energy storage shipments of 2.7 GWh.
• Gross margin improved to 17.2%, exceeding guidance due to increased contributions from energy storage.
• Net income attributable to shareholders was $9 million, or a net loss of $0.07 per diluted share, affected by preferred share obligations.
• U.S. manufacturing investments are advancing, with solar cell production expected to start in Indiana and energy storage manufacture in Kentucky by late 2026.
• Residential energy storage is on track for profitability in 2025, expanding market presence in Japan, Italy, the U.S., and entering Germany and Australia.