On November 13, Atlas Group (CSIQ) released its results for the third quarter of 2025 and its business outlook for the fourth quarter of 2025 and 2026.
Content shows that in the third quarter of this year, Atlas Group achieved revenue of $1.5 billion (about 10.68 billion yuan ), gross margin of 17.2% ; Module shipments were 5.1GW , and the energy storage business shipped 2.7 GWh in a single quarter.
Atlas Group expects total revenue in the fourth quarter of 2025 to be between $1.3 billion and $1.5 billion ( between RMB 9.24 billion and RMB 10.67 billion). Gross profit margin is expected to be between 14% and 16%, and component shipments will be 4.6-4.8GW . Shipments of energy storage systems are 2.1-2.3 GWh . For the whole year of 2026, Atlas Group expects module shipments to be 25-30GW and energy storage system shipments to be 14-17 GWh .
Atlas Group has also updated its capacity plan for photovoltaic and energy storage business (see figure below). At the same time also revealed: "The first phase of the cell factory in Indiana, the United States is expected to be put into production in March 2026;"; The first phase of the energy storage plant in Kentucky, USA, is expected to be put into operation in December 2026.


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