JinkoSolar Holding Co., Ltd. (NYSE:JKS) reported first-quarter 2026 results on Wednesday, missing analyst expectations on both revenue and adjusted EPS, with shares trading lower following the announcement.
JinkoSolar Revenue, Margins And Earnings
Total revenue was 12.25 billion yuan ($1.78 billion), down 11.5% year over year and 30.0% sequentially, and below the $1.94 billion estimate. Adjusted EPS was a loss of $(1.52), missing the $(1.17) estimate.
Total module shipments were 13,679 MW, down 21.9% year over year and 45.2% sequentially.
Gross profit rose to 1.02 billion yuan ($147.7 million), compared with a gross loss a year earlier. Gross margin improved to 8.3% from negative 2.5%, driven by higher selling prices and better supply-demand balance.
The company reported a GAAP net loss attributable to shareholders of 463.5 million yuan ($67.2 million), compared with a loss of 1.32 billion yuan a year earlier. Adjusted net loss was 549.3 million yuan ($79.6 million).
Loss from operations narrowed to 588.2 million yuan from 2.87 billion yuan a year earlier, while operating …