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Sunrun (RUN) Q3 2026 earnings results (third quarter 2026)

10-Q filed Nov 4, 2026

Sunrun (RUN) reported revenue of $1.1B for the third quarter 2026 (Q3 2026), +52% from a year earlier and +26% from the quarter before. Operating margin was 14.0%, net earnings $153M (13.9% of revenue).

Revenue$1.1B
Year over year+52%
Quarter over quarter+26%
Operating margin14.0%
Net earnings$153M

Sunrun, Q3 2026: revenue $1.1B (+52% year over year), operating margin 14.0%, net earnings $153M, operating cash flow $301M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$1.1B+26%+52%
Operating profit$153M+341%42×
Net earnings$153M+33%+824%
Operating cash flow$301M——

What changed

Revenue was $1.1B in Q3 2026, up 52% year over year and up 26% from the previous quarter. Customer agreements was the largest line at 47% of revenue. Energy systems added $0.35B year over year (up 212%), 93% of the total change. Products declined 52%.

Operating profit was $0.15B, a 14.0% margin (up 13.5 points year over year). Of the extra revenue versus Q3 2025, 40% reached operating profit, above the 1% margin then. Total costs grew 31% against revenue growth of 52%. The fastest-growing cost line was Sales & marketing (+46%). Net earnings were $0.15B, up 824% year over year ($0.09B including minority interests, which bore $0.07B of losses). The tax line was a benefit of $0.05B on pre-tax earnings of $0.04B.

Operating cash flow was $0.30B, 347% of net income including minority interests. Non-cash charges added back $0.20B of depreciation and amortization and $0.02B of share-based compensation.

Questions

What was Sunrun's revenue in the third quarter 2026?

Sunrun (RUN) reported revenue of $1.1B for the third quarter 2026 (Q3 2026), +52% from a year earlier and +26% from the quarter before.

Was Sunrun profitable in the third quarter 2026?

Operating profit was $153M (14.0% of revenue) and net earnings $153M.

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Source: Sunrun 10-Q on SEC EDGAR.