Slide 1: Third Quarter Report
Record 92,863 Ft. August 13, 2001 Third Quarter Report October 21, 2025, Live @ 1:00PM ET 1
Slide 2: Forward Looking Statements
Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertaintie
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Slide 4: Dan McCranie, EVP of Marketing & Sales
Dan McCranie EVP of Marketing & Sales BoD (10 NASDAQ): Enovix Mentor Graphics Freescale Semi Actel Semi Cypress Semi Xicor Semi On Semi CEO: SEEQ Technology VP Mktg/Sales: Cypress Semi, SEEQ Semi, Harris Semi 4
Slide 5: SunPower Announces Record Profit in Q3'25
SUNPOWER SunPower Announces Record Profit in Q3’25 Forecasts Additional Revenue & Profit Records in Q4’25 OREM, Utah (October 21, 2025) — SunPower, the “Company,” or Nasdaq: “SPWR’, a solar technology, services, and installation company, will present its Q3'25 results via webcast today Tuesday, Octo
Slide 6: ITC, Sunder Base 38% Flat + Reserves
ITC, Sunder Base 38% Flat + Reserves 4.5%, Record Raising Money 6
Slide 7: Non-GAAP Operating Income
Non-GAAP Operating Income (Millions) Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25E Q1'26E $10 5 $2.42 3.42 Co] 2.00 $0 — _ si) Record | Record Minimum ($5) $(5.9) ($10) Revenue $81.1 $82.7 $67.5 $70.0 $83.3 ($15) ITC news Record ($20) —» Acquire SPVVR Assets —» Acquire Sunder ($25) ($30) ($35) SKLAR) Last ol
Slide 8: Noah's Ark
Noah’s Ark 1,225 seats 980 seats 820 seats 8 8
Slide 9: Includes current employees from Sunder
Includes 19 current employees from Sunder 9
Slide 10: Employee Productivity (Rev/Emp-yr)
Employee Productivity (Rev/Emp-yr) Headcount 10
Slide 11: SunPower Annualized Revenue/Employee
SUNPOWER® SunPower Annualized Revenue/Employee $450 1000s $400 $400E $360 $350 $337 304 $300 $285 $ ITC Sunder $250 News Acquisition $200 $150 $100 $50 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Quarter CBA: 10/16/2025 e Our headcount reached the financial target at 829, down from an initial 3,499, even after ad
Slide 12: SunPower stock performance
SUNPOWER Complete Solaria Inc : (Follow) \ NASDAQ: SPWR UPCOMING EVENT Q3 Earnings Call + 1:00 PM EDT 2.16 usp +0.36 (19.61%) 4 past 6 months Oct 21, 12:08 PM EDT = Disclaimer 1D 5D 1M 6M YTD More ~ 2.5 2.0 1.5 1.0 I I Jun 2025 Aug 2025 Oct 2025 Open 2.26 Mkt cap 187.15M High 2.27 P/E ratio Low 1.80
Slide 13: $70.0 million x 4 = $3.37
($70.0 million x 4) x (P/S = 1.0) ÷ 83.11 million shares = $3.37 $4.1 cash Disinformation from retail market data companies Thanks to CNET, fixed problem in two weeks 13
Slide 14: Eric Nielsen, New EVP Sales
Eric Nielsen, New EVP Sales 14
Slide 15: Sunder Acquisition Upsides
SUNPOWER® Sunder Acquisition Upsides SunPower closed the strategic acquisition of Sunder Energy to create the No. 5 residential solar company in the U.S.* This transformative acquisition expands SunPower’s reach from 22 to 45 states, increases its dealer salesforce from 881 to 1,744 as of last week
Slide 16: Evan Dwyer, SVP Direct Sales
Evan Dwyer, SVP Direct Sales Add Evan Pic 16
Slide 17: Outlook
Outlook • For Q4’25: $83.3 million revenue, a record • Increased operating profit to $3.5 million, a record Subsequent Events SunPower signed a joint development agreement with REC. SunPower received a 200,000 battery opportunity through partner Enphase. 17
Slide 18: SunPower $1 Billion Mission
SunPower $1 Billion Mission (September 2025) Consistently profitable growth from $300 million in 2025 to $1 billion in 2028. Q3’25 Q3’28 Revenue $70E million Grow to $250 Operating Income $3.0E million Fully Diluted Shares 83.0 million 140 million for acquisitions Revenue/share $3.61 $7.14 P/S ratio
Slide 19: Questions
Questions 19