NYSE$JKS
JinkoSolar Holding Co Ltd-ADR · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
JinkoSolar reported unaudited Q2 2026 financial results on August 26, 2026, showing sequential revenue growth but year-over-year declines amid industry pressures.
JinkoSolar Holding Co., Ltd. announced its second quarter 2026 results with total revenues of RMB 12.36 billion, down 31.3% year-over-year but up 0.9% sequentially. The company recorded a net loss attributable to ordinary shareholders of RMB 697.3 million, narrower than the prior year's loss, with module shipments of 15,961 MW. Gross margin improved to 4.2% from 2.9% a year ago but declined from 8.3% in Q1 2026.
- Module shipments reached 15,961 MW, up 16.7% sequentially but down 34.4% YoY, with H1 total at 29.6 GW and ~70% overseas.
- Revenue of RMB 12.36 billion missed estimates; gross profit RMB 513.1 million with 4.2% margin.
- Net loss narrowed to RMB 697.3 million (US$102.8 million) from RMB 876.4 million YoY; adjusted net loss RMB 910.8 million.
- Cumulative shipments exceeded 420 GW, with Tiger Neo series surpassing 250 GW; Q3 shipment guidance 15-17 GW.
Headline financials
Revenue & EPS history
JinkoSolar · Revenue · Quarterly
¥1.84B
Forward guidance
Company provided Q3 and full-year shipment guidance amid ongoing industry challenges.
Tailwinds
- Q3 module shipments expected 15-17 GW
- Full-year 2026 module shipments guided to 60-70 GW with >60% high-efficiency products
- ESS shipments expected to more than double YoY
- Annual integrated capacity to reach 100 GW by year-end including 14 GW overseas
Headwinds
- Industry profitability under pressure from supply-demand dynamics and policy shifts
- Elevated costs from ramping high-efficiency products impacting margins
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-0.1%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+3.5%
Avg return
30 days after
43%
20 / 47 earnings
Positive
+39.6%
Q1 2021
Best reaction
-30.6%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q4 2025 | -3.8% | +6.7% | +4.2% | |
| Q2 2025 | -0.6% | +10.8% | +13.5% | |
| Q1 2025 | -3.9% | +1.6% | +4.0% | |
| Q4 2024 | -0.8% | -10.0% | -14.7% | |
| Q4 2023 | -10.5% | -16.2% | -18.5% | |
| Q3 2023 | +25.9% | +32.9% | +25.2% | |
| Q2 2023 | -3.8% | -6.0% | -16.9% | |
| Q1 2023 | +3.9% | -0.6% | -5.6% | |
| Q4 2022 | -11.5% | -14.1% | -16.4% | |
| Q3 2022 | -0.8% | -0.5% | -0.1% | |
| Q2 2022 | +3.4% | +3.8% | -8.5% | |
| Q1 2022 | -7.0% | -1.8% | +7.0% | |
| Q4 2021 | -0.7% | -3.9% | -4.0% | |
| Q3 2021 | -9.0% | -22.2% | -16.2% | |
| Q2 2021 | +0.3% | -6.6% | +10.7% | |
| Q1 2021 | +39.6% | +48.0% | +49.9% | |
| Q4 2020 | -6.4% | -5.9% | -16.6% | |
| Q3 2020 | +1.7% | -13.7% | +11.8% | |
| Q2 2020 | +18.7% | +36.6% | +132.8% | |
| Q1 2020 | -8.8% | -10.1% | +21.3% | |
| Q4 2019 | -30.6% | -29.8% | -10.6% | |
| Q3 2019 | +17.1% | +16.3% | +46.9% | |
| Q2 2019 | +4.0% | +11.3% | -16.7% | |
| Q1 2019 | +0.7% | +1.5% | -12.3% | |
| Q4 2018 | -11.5% | -13.4% | -3.0% | |
| Q3 2018 | +24.4% | +25.5% | +10.2% | |
| Q2 2018 | -19.1% | -22.8% | -18.9% | |
| Q1 2018 | +0.6% | -0.9% | +0.1% | |
| Q4 2017 | -8.7% | -10.0% | -4.7% | |
| Q3 2017 | +11.9% | +5.4% | +1.7% | |
| Q2 2017 | +6.9% | +6.5% | -10.0% | |
| Q1 2017 | -6.3% | -7.5% | +8.4% | |
| Q4 2016 | -1.6% | -4.7% | -5.1% | |
| Q3 2016 | +2.5% | -6.4% | +14.8% | |
| Q2 2016 | -5.8% | -6.9% | -24.7% | |
| Q1 2016 | -7.1% | -7.4% | -14.4% | |
| Q4 2015 | +3.1% | — | — | |
| Q3 2015 | -2.2% | — | — | |
| Q2 2015 | -21.5% | — | — | |
| Q1 2015 | +1.2% | — | — | |
| Q4 2014 | +1.0% | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q4 2013 | +9.9% | — | — | |
| Q4 2012 | -3.1% | — | — | |
| Q4 2009 | -3.2% | — | — | |
| Q4 2011 | -3.2% | — | — | |
| Q4 2010 | -3.2% | — | — | |
| Q3 2010 | +14.9% | — | — | |
| Q1 2010 | — | — | — |
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