Canopy Growth 2026 Q2 Earnings 98.7% Reduction in Net Loss to $-1.64M

Canopy Growth (CGC) reported fiscal 2026 Q2 results that exceeded earnings estimates and alleviated concerns about its financial stability, with cash reserves now exceeding debt. , , while revenue grew 5.9% year-over-year to $66.68 million. CEO emphasized progress in cost control and operational efficiency, positioning the firm for sustained improvement.

Revenue

, driven by strong performance in its cannabis segment, , and the Storz & Bickel segment, . , .

Earnings/Net Income

The company significantly reduced its net loss to $-1.64 million, a 98.7% improvement from the $-128.29 million loss in 2025 Q2. Earnings per share narrowed to a loss of $0.01 from $1.48, representing a 99.3% improvement. . The significant reduction in net loss, a 98.7% improvement from the previous year, highlights the company's progress in cost management and operational efficiency.

Post-Earnings Price Action Review

The strategy of buying Canopy Growth (CGC) shares on the date of its revenue raise announcement and holding for 30 days yielded positive returns, but with notable volatility. Over three years, , outperforming the broader market but with greater volatility. , . The highest return occurred on November 7, 2025, , driven by a 19% premarket surge and positive sentiment. However, , , underscoring the risks of high volatility. While the approach shows potential for strong returns, investors must weigh these risks against their risk tolerance and market conditions.

CEO Commentary

. , reflecting consecutive quarters of progress. Mongeau emphasized the company’s disciplined approach to strengthening its balance sheet, , resolving prior “going concern” concerns.

Guidance

Canopy Growth anticipates continued momentum in its Canadian cannabis markets, with sequential growth expected in the Storz & Bickel segment due to the VEAZY™ vaporizer launch and holiday demand. The company aims to further reduce operating losses and improve gross margins while addressing international supply chain challenges. Management remains optimistic about long-term profitability as cost efficiencies and market share gains take hold.

Additional News

, . The launch of the Storz & , . Additionally, , resolving prior concerns about its ability to continue as a going concern. , prompting ongoing monitoring of regulatory developments.