Filing Flows › SunPower (SPWR) › Q1 2026
SunPower (SPWR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 19, 2026
SunPower (SPWR) reported revenue of $72.8M for the first quarter 2026 (Q1 2026), -7% from a year earlier and -20% from the quarter before. Operating margin was -26.4%, net earnings $5.2M (7.2% of revenue).
SunPower, Q1 2026: revenue $72.8M (-7% year over year), operating margin -26.4%, net earnings $5.2M, operating cash flow −$25.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $72.8M | -20% | -7% |
| Operating profit | −$19.2M | — | — |
| Net earnings | $5.2M | — | +9% |
| Operating cash flow | −$25.7M | — | — |
What changed
Revenue was $72.8M in Q1 2026, down 7% year over year and down 20% from the previous quarter. Residential Solar Installation was the largest line at 43% of revenue. New Homes Business lost $27.3M year over year (down 65%), 485% of the total change.
Gross margin was 61.4%, up 26.5 points from Q1 2025. Operating costs exceeded revenue by $19.2M, an operating margin of -26.4%. Operating expenses grew 105% against a revenue fall of 7%. The fastest-growing cost line was Other operating costs (+337%). Net earnings were $5.2M, up 9% year over year. The effective tax rate was -13.1%. Non-operating items added $23.8M, 514% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$25.7M. Non-cash charges added back $3.6M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $36.1M.
Questions
What was SunPower's revenue in the first quarter 2026?
SunPower (SPWR) reported revenue of $72.8M for the first quarter 2026 (Q1 2026), -7% from a year earlier and -20% from the quarter before.
Was SunPower profitable in the first quarter 2026?
Operating loss was $19.2M (-26.4% of revenue) and net earnings $5.2M.
Source: SunPower 10-Q on SEC EDGAR.