JinkoSolar (NYSE:JKS) Posts Earnings Results, Misses Expectations By $1.78 EPS

JinkoSolar (NYSE:JKS) announced its earnings results on Wednesday. The semiconductor company reported ($2.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.75) by ($1.78), Zacks reports. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $2.17 billion.

Here are the key takeaways from JinkoSolar’s conference call:

• Industry oversupply continued to pressure profitability. Q2 revenue fell 31% year over year to $1.82 billion, gross margin declined sequentially to 4.2% from 8.3%, and the operating loss margin widened to 11.6%.
• Management cut full-year 2026 module shipment guidance to 60–70 GW, citing weaker Chinese demand, trade barriers, and a decision to prioritize profitability, cash flow, and order quality over volume; Q3 shipments are expected at 15–17 GW.
• JinkoSolar expects more than 40 GW of TOPCon 3.0 capacity by year-end and reported that its Tiger Neo 5.0 modules achieved 25.91% mass-production efficiency and over 700 watts of output. Higher-efficiency products are expected to benefit from new minimum energy-efficiency standards and increasingly value-focused project tenders.
• The company reported positive operating cash flow in the first half and expects full-year cash flow to improve from 2025, while debt declined sequentially and leverage improved from the start of the year. Management also expects Q3 ASPs and gross margin to improve as premium-product shipments rise and new production facilities reach full operation.
• Energy storage shipments reached 3.1 GWh in the first half, up significantly year over year, with more than 1 GWh recognized as revenue in Q2; full-year ESS shipments are expected to more than double. JinkoSolar is pursuing an asset-light storage strategy centered on solutions, PCS/EMS capabilities, and partnerships rather than major capacity expansion.

JinkoSolar Trading Down 11.5%

JKS opened at $13.72 on Thursday. JinkoSolar has a one year low of $13.08 and a one year high of $31.88. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.95 and a current ratio of 1.26. The stock has a market cap of $718.52 million, a price-to-earnings ratio of -1.41 and a beta of 0.52. The stock’s 50 day moving average price is $16.19 and its 200-day moving average price is $21.18.

JinkoSolar Announces Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, July 9th. Stockholders of record on Monday, June 22nd were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a dividend yield of 837.0%. JinkoSolar’s dividend payout ratio is currently -15.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on JKS shares. Wall Street Zen upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of JinkoSolar in a research report on Monday, August 3rd. Finally, UBS Group raised their price target on JinkoSolar from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.38.

Insider Buying and Selling

In other JinkoSolar news, Director Wing Keong Siew sold 16,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $16.49, for a total value of $263,840.00. Following the transaction, the director owned 170,000 shares of the company’s stock, valued at $2,803,300. This represents a 8.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 19.80% of the stock is owned by company insiders.

Institutional Trading of JinkoSolar

A number of large investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. lifted its holdings in JinkoSolar by 18.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 17,600 shares of the semiconductor company’s stock valued at $454,000 after buying an additional 2,700 shares in the last quarter. Cibc World Market Inc. bought a new position in JinkoSolar in the 4th quarter worth about $338,000. Geode Capital Management LLC grew its stake in JinkoSolar by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 40,566 shares of the semiconductor company’s stock worth $1,047,000 after acquiring an additional 3,427 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of JinkoSolar during the third quarter worth approximately $512,000. Finally, Two Sigma Investments LP bought a new stake in shares of JinkoSolar during the third quarter valued at approximately $384,000. 35.82% of the stock is owned by hedge funds and other institutional investors.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.