Canadian Solar (CSIQ) Research & Development (2009 - 2026)
Canadian Solar's (CSIQ) quarterly Research & Development came in at $20.8 million in Q2 2026, down 15.87% on a YoY basis from $24.7 million in Q2 2025, and little changed quarter-over-quarter from $20.7 million in Q1 2026.
Analysis
Canadian Solar (CSIQ) Research & Development (2009 - 2026) Analysis & Trends
Canadian Solar (CSIQ) has reported Research & Development for 18 consecutive years, with $20.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development fell 15.87% year-over-year to $20.8 million; the trailing twelve-month figure through Jun 2026 stood at $83.2 million (down 24.32% YoY), and the FY2025 full-year result was $90.7 million, down 24.92% from the prior year.
- Research & Development was little changed at $20.8 million in Q2 2026 per CSIQ's latest filing, from $20.7 million in the prior quarter.
- Across five years, Research & Development topped out at $34.3 million in Q1 2024 and bottomed at $13.3 million in Q1 2022.
- Historically, Research & Development has averaged $23.5 million across 5 years, with a median of $22.4 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Research & Development surged 98.06% in 2024, then sank 34.34% in 2025.
- Over 5 years, Research & Development stood at $20.6 million in 2022, then jumped by 52.88% to $31.5 million in 2023, then dropped by 3.26% to $30.5 million in 2024, then declined by 28.85% to $21.7 million in 2025, then retreated by 4.09% to $20.8 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $20.8 million, $20.7 million, and $21.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.28 Bn | 20.56 Bn | 605.00 Mn | 76.24 Mn |
| 2 | Nextpower | 12.28 Bn | 11.07 Bn | 335.85 Mn | 44.51 Mn |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 45.66 Mn |
| 4 | Solaredge Technologies | 2.08 Bn | 1.50 Bn | 95.15 Mn | 52.75 Mn |
| 5 | T1 Energy | 1.31 Bn | 1.10 Bn | 49.10 Mn | - |
| 6 | Shoals Technologies | 1.17 Bn | 1.16 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 881.85 Mn | -584.65 Mn | 168.48 Mn | 20.80 Mn |
| 8 | Array Technologies | 696.24 Mn | 388.94 Mn | 99.60 Mn | - |
| 9 | JinkoSolar Holding | 614.82 Mn | -2.07 Bn | 75.62 Mn | -34.10 Mn |
| 10 | Toyo | 132.44 Mn | 22.39 Mn | 36.97 Mn | -1.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.80 Mn |
| Mar 31, 2026 | 20.72 Mn |
| Dec 31, 2025 | 21.68 Mn |
| Sep 30, 2025 | 20.00 Mn |
| Jun 30, 2025 | 24.72 Mn |
| Mar 31, 2025 | 24.28 Mn |
| Dec 31, 2024 | 30.48 Mn |
| Sep 30, 2024 | 30.46 Mn |
| Jun 30, 2024 | 25.58 Mn |
| Mar 31, 2024 | 34.28 Mn |
| Dec 31, 2023 | 31.50 Mn |
| Sep 30, 2023 | 28.90 Mn |
| Jun 30, 2023 | 23.14 Mn |
| Mar 31, 2023 | 17.31 Mn |
| Dec 31, 2022 | 20.61 Mn |
| Sep 30, 2022 | 17.89 Mn |
| Jun 30, 2022 | 18.05 Mn |
| Mar 31, 2022 | 13.28 Mn |
| Dec 31, 2021 | 19.31 Mn |
| Sep 30, 2021 | 13.49 Mn |