Short answer
SunPower Inc. (SPWR) filed its Q1 2026 10-Q quarterly report on May 19, 2026 for the quarter ended Mar 29, 2026. Quarterly revenue was $73M (down 12.0% year over year) with net income of $5M.
Q1 2026 key financials · XBRL
- Revenue
- $73M
- −12.0% YoY
- Net income
- $5M
- −35.4% YoY
- Operating margin
- -26.4%
- Gross margin
- 61.4%
- EPS (diluted)
- $0.00
Source: XBRL data from the SunPower Inc. (SPWR) Q1 2026 10-Q on SEC EDGAR. USD.
SunPower Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $72.8M, down 7% YoY from $78.4M
- Gross margin 61% vs 35% YoY; operating loss $19.2M vs $3.7M
- Best segment Dealer revenue $26.6M; worst New Homes revenue $14.6M, down 65% YoY
- Cash $9.5M; operating cash outflow $25.7M vs $2.7M YoY
- Going-concern doubt; higher rates, ITC phaseout, affordability pressures, and negative operating cash flows ahead
Risk Factors
- New secured-debt risk triggered by April 21, 2026 private offering of $41.0 million 10.0% Notes
- Most material update: 10.0% Notes secured by substantially all assets, enabling foreclosure if covenant or payment defaults occur
- Compliance risk: defaults include $10.0 million indebtedness, judgments, or Siemens Settlement liens
- Liquidity risk: cash flow may be insufficient for required 10.0% Notes payments or covenant compliance
- Financial distress risk: bankruptcy-related defaults automatically accelerate principal and accrued unpaid interest
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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