Filing Flows › Sunrun (RUN) › Q3 2026 › vs Q2 2026
Sunrun (RUN) Q3 2026 vs Q2 2026 (quarter over quarter)
Sunrun's revenue rose $230M (+26%) from $870M in Q2 2026 to $1.1B in Q3 2026. The biggest changes: Energy systems and product sales +$220M (+67%); Customer agreements and incentives +$9.7M (+2%). Operating margin 14.0% against 4.0% (+10.0 pts).
Sunrun, Q3 2026: revenue $1.1B (+52% year over year), operating margin 14.0%, net earnings $153M, operating cash flow $301M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 14.0% | 4.0% | +10.0 pts |
| Net margin | 13.9% | 13.2% | +0.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Customer agreements | $518M | $507M | $11.1M | +2% |
| Energy systems | $514M | $291M | $223M | +77% |
| Incentives | $35.4M | $36.8M | −$1.4M | -4% |
| Products | $32.4M | $35.3M | −$2.9M | -8% |
| Customer agreements and incentives | $553M | $544M | $9.7M | +2% |
| Energy systems and product sales | $546M | $326M | $220M | +67% |
| Revenue | $1.1B | $870M | $230M | +26% |
| Operating profit | $153M | $34.8M | $119M | +341% |
| Costs & expenses | $946M | $835M | $111M | +13% |
| Pre-tax earnings | $41.8M | −$212M | $254M | — |
| Other expense, net | $112M | $247M | −$135M | -55% |
| Research & development | $10.1M | $10.2M | −$90K | -0.9% |
| Sales & marketing | $240M | $191M | $49.4M | +26% |
| General & admin | $65.9M | $92.5M | −$26.6M | -29% |
| Other operating costs | $630M | $542M | $88.1M | +16% |
| Income tax benefit | $45.2M | $4.0M | $41.2M | 11× |
| Loss borne by minority interests | $66.3M | $323M | −$257M | -80% |
| Net earnings | $153M | $115M | $38.1M | +33% |
| Depreciation & amortization | $197M | $193M | $3.9M | +2% |
| Share-based compensation | $19.3M | $21.1M | −$1.8M | -9% |
| Working capital & other | $67.8M | $515M | −$447M | -87% |
| Operating cash flow | $301M | −$186M | $488M | — |
Questions
How much did Sunrun's revenue grow quarter over quarter in Q3 2026?
Sunrun's revenue rose $230M (+26%) from $870M in Q2 2026 to $1.1B in Q3 2026.
What drove Sunrun's revenue change in Q3 2026?
Energy systems and product sales +$220M (+67%); Customer agreements and incentives +$9.7M (+2%).