Filing Flows › SunPower (SPWR) › Q2 2026
SunPower (SPWR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 21, 2026
SunPower (SPWR) reported revenue of $54.9M for the second quarter 2026 (Q2 2026), -17% from a year earlier and -25% from the quarter before. Operating margin was -42.8%, net earnings $6.9M (12.6% of revenue).
SunPower, Q2 2026: revenue $54.9M (-17% year over year), operating margin -42.8%, net earnings $6.9M, operating cash flow −$26.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54.9M | -25% | -17% |
| Operating profit | −$23.5M | — | — |
| Net earnings | $6.9M | +31% | — |
| Operating cash flow | −$26.5M | — | — |
What changed
Revenue was $54.9M in Q2 2026, down 17% year over year and down 25% from the previous quarter. Residential Solar Installation was the largest line at 52% of revenue. New Homes Business lost $14.1M year over year (down 51%), 125% of the total change.
Gross margin was 45.5%, up 9.5 points from Q2 2025. Operating costs exceeded revenue by $23.5M, an operating margin of -42.8%. Operating expenses grew 48% against a revenue fall of 17%. The fastest-growing cost line was Other operating costs (+100%). Net earnings were $6.9M. The effective tax rate was 0.0%. Non-operating items added $30.4M, 440% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$26.5M. Non-cash charges added back $3.2M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $37.8M.
Questions
What was SunPower's revenue in the second quarter 2026?
SunPower (SPWR) reported revenue of $54.9M for the second quarter 2026 (Q2 2026), -17% from a year earlier and -25% from the quarter before.
Was SunPower profitable in the second quarter 2026?
Operating loss was $23.5M (-42.8% of revenue) and net earnings $6.9M.
Source: SunPower 10-Q on SEC EDGAR.