Solar tech firm SunPower beats Q3 revenue estimates, operating income hits record

Sunpower

21/10/2025 13:12

Overview

SunPower Q3 2025 revenue of $70 mln beating analyst expectations

Company achieved record non-GAAP operating income of $3.12 mln

Sunder acquisition expands reach and boosts future bookings

Outlook

Company expects Q4'25 revenue of $83.3 mln and operating income of $3.56 mln

SunPower estimates 2025 revenue at $303 mln with $12.0 mln operating income

Company anticipates Q1'26 operating income of at least $2.0 mln

Result Drivers

REVENUE GROWTH - Revenue increased to $70.0 mln from $67.5 mln in Q2’25, attributed to strategic initiatives and operational improvements

SUNDER ACQUISITION - Acquisition of Sunder Energy expanded reach to become No. 5 residential solar co in U.S. and is expected to double Q4’25 bookings

COST CONTROL - Focus on controlling employee expenses and acquisitions to manage costs, per CEO Rodgers

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$70 mln
$69 mln (2 Analysts)
Q3 Adjusted Net Income
$3.12mln
Q3 Gross Margin
46%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

Wall Street's median 12-month price target for Sunpower Inc is $5.40, about 67.6% above its October 20 closing price of $1.75

Press Release: ID:nGNX64KF9f

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)