SunPower Inc. (Nasdaq: SPWR) reported preliminary Q2 2026 revenue of $56.0 million, down $16.8 million from $72.8 million in Q1 2026. The company reported a GAAP operating loss of $18.1 million and a non-GAAP operating loss of $12.5 million for the quarter.
SunPower said the Q2 revenue decline was mainly tied to delayed jobs in its SunPower Direct division. The company forecast Q3 2026 revenue of more than $75 million and said it expects to reduce its non-GAAP operating loss to less than $1.0 million.
- Q2 2026 revenue $56.0 million, compared with $72.8 million in Q1 2026.
- GAAP operating loss $18.1 million in Q2 2026, compared with $19.2 million in Q1 2026.
- Non-GAAP operating loss $12.5 million in Q2 2026.
- Delayed jobs About 1,105 jobs were delayed at quarter-end, representing about $15.3 million in revenue expected to clear in Q3.
- Q3 2026 outlook Revenue forecast above $75 million and non-GAAP operating loss expected below $1.0 million.
- Cost reductions SunPower said May actions lowered quarterly fixed operating expenses by about $7.1 million, with another $5.9 million reduction planned in Q3.
