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

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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/Mis Actual Consensu

s s

Estimate

Q3 Beat $70 mln $69 mln

Revenue (2

Analysts

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Q3 $3.12mln

Adjusted

Net

Income

Q3 Gross 46%

Margin

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: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.)