Sunrun Inc. (RUN)
NASDAQ:RUN
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.25Last Year’s EPS
1.07Same Quarter Last Year
Moderate Buy
Based on 20 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum (19k Q1 additions, 73% storage attach, >50% YoY dispatchable fleet growth), robust capital markets activity (multiple financings, $774M non‑recourse debt raised, securitization pricing improvement, ~1,000 MW pipeline) and reiterated full‑year guidance. Short‑term headwinds included negative Q1 cash generation driven largely by transaction timing, elevated unit creation costs (+18% YoY), affiliate channel contraction and some tax‑equity investor caution around FIAT rules. On balance the company emphasized durable competitive advantages, improving direct sales momentum, debt reduction and long‑term cash generation targets, so positives materially outweighed the transitory and manageable negatives.Company Guidance
Strong Customer Growth and Storage Adoption
Added ~19,000 customers in Q1; storage attachment rate increased to 73% (up 2 points sequentially). Average system size was up 5% from Q4.
Large and Rapidly Growing Dispatchable Storage Fleet
Installed base exceeded 237,000 solar-plus-storage systems through 2025; network storage capacity grew from ~4.0 GWh to 4.3 GWh in Q1 and the dispatchable storage fleet is over 50% larger year over year.
Aggregate Subscriber / Contracted Value and Net Value Creation
Management reported aggregate subscriber value of $1.1B (above guidance $850M–$950M); CFO reported aggregate contracted subscriber value of $980M. Contracted net value creation described as $108M (near the high end of $25M–$125M guidance); CFO reported upfront net value creation of $91M (~9% of contracted subscriber value). Upfront net subscriber value per unit was $5,136, up over $4,000 per subscriber versus prior year; contracted subscriber value per unit up 14% YoY.
Sales Force and Early-Funnel Momentum
Direct active sales force grew >20% since the start of the year; March bookings rose >30% month-over-month. Company hired more than 1,000 salespeople YTD and is onboarding hundreds more, targeting higher-value geographies and product mix.
Capital Markets Execution and Financing Capacity
Raised $774M in non-recourse asset-level debt YTD; recent $584M securitization priced at 220 bps (20 bps improvement vs prior). Closed transactions and executed term sheets provide tax-equity capacity to fund ~1,000 MW beyond Q1 deployments; over $675M of unused non-recourse warehouse commitments to fund >250 MW for retained subscribers.
Liquidity and Parent Leverage Progress
Ended Q1 with $680M of unrestricted cash, repaid $92M of parent recourse debt during the quarter and reported $626M of parent recourse debt. Management expects to reach <2x parent debt to trailing-four-quarter cash generation by year-end.
Reiterated Full-Year Guidance
Company reiterated 2026 cash generation guidance of $250M to $450M (excluding ~$50M–$100M of equipment safe-harbor investments) and remains confident in full-year trajectory despite quarterly lumpiness.
Operational Efficiency and Service Cost Improvements
Fleet servicing costs down materially (management cited >30% YoY reduction) and improvements from AI and scale driving lower service costs and better SLAs; management seeing favorable margin trends for new customers.
RUN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RUN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $12.83 | $13.80 | +7.56% |
Feb 26, 2026 | $20.42 | $13.25 | -35.11% |
Nov 06, 2025 | $20.42 | $17.13 | -16.11% |
Aug 06, 2025 | $9.07 | $12.00 | +32.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sunrun Inc. (RUN) report earnings?
Sunrun Inc. (RUN) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Sunrun Inc. (RUN) earnings time?
Sunrun Inc. (RUN) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RUN EPS forecast?
RUN EPS forecast for the fiscal quarter 2026 (Q2) is 0.25.
