JinkoSolar (NYSE:JKS) Reports Mixed Q3 2025 Results with Staggering Revenue Beat and Deep EPS Loss

JinkoSolar Reports Mixed Quarterly Results as Market Digests Substantial Revenue Beat

JinkoSolar Holding Co., Ltd. (NYSE:JKS), a leading global manufacturer of solar modules, has released its financial results for the second and third quarters of 2025. The report presents a complex picture, with the company posting a significant revenue figure that far surpassed analyst expectations, while simultaneously reporting a deep loss on a per-share basis. The immediate market reaction appears cautiously optimistic, with the stock showing positive movement in pre-market trading.

Earnings and Revenue Versus Estimates

The core of the earnings release reveals a stark contrast between top-line performance and bottom-line results. The figures for the third quarter of 2025 highlight this divergence clearly.

• Reported Revenue (Q3 2025): $17.85 billion

• Analyst Revenue Estimate (Q3 2025): $2.59 billion

• Reported Non-GAAP EPS (Q3 2025): -$16.35

• Analyst Non-GAAP EPS Estimate (Q3 2025): -$1.89

The company's revenue generation was substantially higher than the market had anticipated, indicating robust sales volume or pricing power. However, this did not translate to profitability, as the loss per share was dramatically wider than analysts had forecast. This suggests that while JinkoSolar is successfully moving product, it is doing so at a significant cost, potentially due to intense competition, rising input costs, or strategic investments that have yet to yield returns.

Market Reaction and Recent Performance

The initial market response to this mixed bag of news has been moderately positive. The stock is currently trading higher in the pre-market session. This short-term gain suggests that investors may be focusing more on the impressive revenue beat than the concerning earnings miss, at least for the immediate term. Looking at a broader timeframe provides additional context for the stock's recent trajectory.

• Pre-Market Performance: +0.96%
• Last Month Performance: +17.01%
• Last Two Weeks Performance: +7.69%
• Last Week Performance: -4.11%

The strong performance over the past month indicates building positive sentiment leading up to the earnings announcement. The slight dip in the last week could be attributed to typical pre-earnings volatility and profit-taking. The pre-market bounce aligns with the interpretation that the revenue surprise is the dominant narrative for traders following the report's release.

Press Release Summary and Forward Outlook

The press release formally announced JinkoSolar's unaudited financial results for both the second and third quarters of 2025. The company reiterated its position as one of the world's largest and most innovative solar module manufacturers. The provided context does not include a specific financial outlook or guidance from JinkoSolar's management within the press release. The absence of forward-looking company projections means the market is left to rely on analyst estimates for future performance, which currently forecast:

• Q4 2025 Estimated Revenue: $2.97 billion
• Q4 2025 Estimated EPS: -$1.21
• Full-Year 2025 Estimated Revenue: $10.16 billion
• Full-Year 2025 Estimated EPS: -$5.40

These estimates for the coming quarter and full year indicate that analysts expect the company's revenue to normalize from the exceptionally high Q3 figure and for losses to persist, albeit at a less severe rate than reported in Q3. Investors will be watching closely to see if JinkoSolar's future performance can align more closely with these projections.

For a detailed breakdown of historical earnings, future estimates, and analyst ratings, you can review the data available on the JKS Earnings & Estimates page.

Disclaimer: This article is for informational purposes only and does not constitute financial advice, a recommendation to buy or sell any security, or an endorsement of any investment strategy. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.