Canadian Solar Inc. reported second-quarter 2026 revenue of $1.208 billion, down 29% from a year earlier but above the $1.143 billion consensus estimate. The company posted a GAAP net loss of $77 million, or $1.40 per diluted share, compared with $7 million of net income a year earlier and a $1.18 loss estimate. Gross margin fell to 13.9% from 29.8% as prior tariff-refund and project-leasing benefits were absent. Solar module shipments recognized as revenue declined 60% year over year to 3.1 GW, while battery storage shipments rose 73% to 3.7 GWh, above guidance. Canadian Solar expects third-quarter revenue of $1.3 billion to $1.5 billion, below the $1.813 billion estimate, and reaffirmed its 2026 U.S. shipment guidance. The company also disclosed a $3.5 billion e-STORAGE backlog, more than 13 GWp and $4.5 billion of U.S. module backlog, about $1.3 billion of 2026 capital spending and a 500 MW/2.5 GWh storage contract with a major U.S. utility supporting data-center infrastructure.