SunPower Inc. (SPWR) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

My name is Siobhan Hickey, SunPower's VP of IR, and I would like to welcome everyone to the first quarter 2026 earnings call. I will review a few housekeeping items before turning the call over to our CEO, Dr. TJ Rogers. All lines have been placed on mute at this time. This call is being recorded and a replay will be available within the events section of SunPower's website. Please note that today's presentation may contain projections and other forward looking statements. These statements are subject to known and unknown risks and uncertainties that may cause actual results to differ from those expressed or implied in our statements. Also on today's call, we may discuss certain non-GAAP financial measures. A reconciliation of any differences between those non-GAAP financial measures and the most directly comparable GAAP financial measures are available within our press release. lastly we will be holding a question and answer session after the end of formal remarks today for those watching via the webcast you may submit a written question at any time via the submission box located on the right hand side of your screen for those joining our live q a please click the raise hand icon located at the bottom of your screen to enter the queue with that i will turn the call over to tj rogers sunpower's chairman and ceo Good morning. We've got the Q126 results to show you this morning and answer questions. First, the top lines. Q126 revenue is $72.8 million. That was down 9% from our guidance. Our latest guidance was $80 million, so the market closed softer than we thought it would. not catastrophic, 9% down quarter on quarter is not bad, but it was weaker than we expected. This revenue alone would have impacted our operating income for a million eight, but our non-GAAP opera...