Canadian Solar Reports First Quarter 2026 Results and Announces Appointment of Chief Executive Officer
Canadian Solar reported Q1 2026 revenue of $1.1 billion, at the high end of its guidance range, with gross margin of 25.1%. The company exceeded its guidance for solar module and energy storage shipments, with 2.5 GW of solar modules and 2.1 GWh of energy storage shipped. Colin Parkin was appointed as the new CEO, effective May 14, 2026, succeeding founder Dr. Shawn Qu, who will now serve as Executive Chairman and Chief Technology Officer.
Key figures
- Revenue
- 1077878000
- Revenue Yoy
- -10%
- Total debt
- 6800000000
- Gross margin
- 25.1
- Cash position
- 1441110000
- Operating expenses
- 197954000
- Tariff refund benefit
- 93000000
- Solar module shipments
- 2500000000
- Energy storage shipments
- 2100000000
- Operating expenses as percentage of revenue
- 18.4
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