| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 72.79 | 12.0% |
| Total Income | 72.79 | 12.0% |
| Expenditure | 91.99 | 12.6% |
| PBT | 4.64 | 42.9% |
| Net Profit | 5.25 | 35.4% |
| OPM | -26.37% | 27.63pp |
| NPM | 7.21% | 2.61pp |
| EPS | 0.04 | 60.0% |
SunPower Reports Q1 2026 Revenue at $72.8 million
12 May 2026 · 12 May, 5:37 pm
Summary
SunPower reported Q1 2026 revenue of $72.8 million. The company experienced an operating loss of $12.9 million due to lower revenue and increased spending in anticipation of Q3 2026 growth. Bookings increased significantly due to acquisitions. Management is implementing cost-cutting measures to improve financial performance, forecasting Q3 2026 revenue to climb to $96 million, the cashflow breakeven point.
Key Highlights
- 1
SunPower's Q1 2026 revenue reached $72.8 million.
- 2
The company reported an operating loss of $12.9 million for Q1 2026, attributed to lower revenue and increased staffing expenses in anticipation of Q3 2026 growth.
- 3
Bookings increased to a record 4,446 jobs, up from 1,197 in Q1 2025 due to acquisitions.
- 4
A convertible note offering reduced debt by $40 million.
- 5
The company is implementing cost-cutting measures, including a four-day workweek and workforce reductions, to reduce operating expenses by $9.9 million per quarter.
Management Comments
T.J. Rodgers
After four consecutive Preliminary Quarter Reports with positive operating income, we lost money in Q1’26 due to lower revenue combined with a ramp in spending for anticipated Q3’26 growth – which we still believe will happen. The vision above is not a CEO’s zero-defect dream. A similar SunPower financial zero-defect effort led by Quality in 2025 permanently eliminated the input data quality problems suffered by one of our funding sources, reducing a 16% submission error rate on payment requests to 0.00% – for a full year. The effort led to SunPower’s being recognized as a “Platinum Partner” with reduced financing fees. These actions reduced our ongoing operating expense permanently by about $9.9 million per quarter, starting in May, too late to help Q1’26, but 60% of those savings will help Q2’26. Our Q1’26 bookings shown below were driven by acquisitions to record levels, which will show up in revenue in Q3’26 and beyond.”
Informational and educational content only. Not investment advice.