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An update from SunPower Inc ( (SPWR) ) is now available.
SunPower reported preliminary, unaudited results for the quarter ended March 31, 2026, showing revenue of $72.8 million and a GAAP operating loss of $19.2 million, driven by a revenue shortfall versus prior guidance and increased spending to support anticipated growth later in 2026. Despite the loss, gross margins remained strong at 62%, bookings rose sharply to a record 4,446 jobs from 1,197 a year earlier due to acquisitions, a convertible note transaction reduced debt by $40 million, and cash balances were broadly stable, suggesting near-term financial pressure but underlying demand momentum.
The company completed a difficult 2025 Form 10-K audit on time, which uncovered issues including an $8 million revenue overstatement from a legacy system and pre-acquisition asset write-offs, leading to restatements of 2025 quarterly results and reducing 2025 non-GAAP operating income from $10.9 million to $7.3 million. In response, SunPower accepted the CFO’s resignation, temporarily appointed CEO T.J. Rodgers as principal financial officer, strengthened its audit and quality oversight with new board and committee roles, and revamped internal controls and Sarbanes-Oxley processes, moves aimed at restoring reporting reliability and positioning the company to meet public-company audit standards after a period of accounting and systems integration challenges.
The most recent analyst rating on (SPWR) stock is a Buy with a $5.40 price target. To see the full list of analyst forecasts on SunPower Inc stock, see the SPWR Stock Forecast page.
Spark’s Take on SPWR Stock
According to Spark, TipRanks’ AI Analyst, SPWR is a Neutral.
The score is held down primarily by weak financial health (negative equity, higher debt, and ongoing cash burn) and bearish technicals (price below key moving averages with negative MACD). These are partially offset by a more constructive earnings-call picture showing improving operating results and guidance for continued positive operating income, though liquidity and integration/reporting risks remain notable.
To see Spark’s full report on SPWR stock, click here.
More about SunPower Inc
SunPower Inc., listed on Nasdaq as SPWR, operates in the solar technology and services industry, focusing on residential and other solar installations across the U.S. The company integrates technology, financing, and field operations, and has expanded through acquisitions, which has increased its job bookings and complexity of its financial and reporting systems.
Average Trading Volume: 1,679,538
Technical Sentiment Signal: Sell
Current Market Cap: $138.1M
Find detailed analytics on SPWR stock on TipRanks’ Stock Analysis page.