SPWR PRESS-RELEASE SEC Filing Analysis

Latest settled — T+5d

SPWR ▲ +6.19% at T+5d

SHORT call ✗ call lost -6.19% · α vs SPY -6.11% · entry $0.9700 → $1.03

Next anchor: T+20d in 5h

Last close $0.9000 (close Jun 8) · +7.22% from $0.9700 entry (call sign-flipped)

Entry anchored
May 11, 03:59 PM ET
via Databento tick

T+1d

+9.28%

call -9.28% · α -8.70%

$1.06

settled 28d ago

T+5d

+6.19%

call -6.19% · α -6.11%

$1.03

settled 22d ago

T+20d

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call — · α —

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in 5h

T+60d

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call — · α —

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in 8w

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Executive Summary

SunPower reported Q1 2026 EPS of -$0.09, a 550% miss vs $0.02 consensus, and revenue of $72.8M missing $75.0M estimates. The company announced CFO resignation, restatements for prior quarters, and a $9.9M cost-cutting plan including a 115-employee RIF, while guiding Q3 revenue to $96M (breakeven point).

Key Financial Metrics

Guidance

Q2: $75M; Q3: $96M

maintained

Gross Margin

62%

Actionable Insight

The severe EPS miss and audit/restatement overhang are bearish, but cost cuts and Q3 revenue guidance above $75M could stabilize sentiment. Monitor Q2 2026 results for cost savings execution and Q3 revenue trajectory; the stock may remain volatile until restatements are filed and a new CFO is appointed.

Key Facts

Q1 2026 GAAP EPS: -$0.09 vs consensus $0.02 (-550% miss)
Q1 2026 revenue: $72.8M vs consensus $75.0M (-2.9% miss)
Non-GAAP operating loss of $12.9M, driven by lower revenue and $9.9M spending ramp for anticipated Q3 growth
CFO resignation accepted; CEO serving as interim Principal Financial Officer
Restatements for Q1-Q3 2025 due to 10K audit findings; 390 auditor information requests
Cost cuts: 115 RIF, four-day workweek, inside sales team reduced from 90 to 15, saving ~$9.9M/quarter starting May
Q2 2026 revenue guided to ~$75M (operating loss ~$3M); Q3 2026 revenue forecast $96M (cashflow breakeven)
Record Q1 bookings of 4,446 jobs (up from 1,197 YoY) due to acquisitions

Financial Impact

EPS miss of $0.11 vs consensus; revenue miss of $2.2M; quarterly operating loss of $12.9M non-GAAP

epsrevenueoperating incomecash

Risk Factors

Further restatement adjustments or delays; potential Nasdaq delisting if filings are late
Cash burn: $9.5M balance may not sustain operations if Q3 revenue miss
Execution risk on cost cuts and integration of acquisitions
Macro headwinds in residential solar market

Market Snapshot

Exchange

Nasdaq

Sector

Construction - Special Trade Contractors

Analyst Consensus

88% bullish (8 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3292750

3 reports for SPWR

T+1T+5T+20T+60

Filters

Reports for SPWR — sortable, filterable
	Type				Now
May 29, 2026 11d ago	Press Release NEUTRAL ★ 3/10	$1.06 $0.9510	▼ −10.28%	▼ −7.76%	$0.9000 (−15.09%)
May 12, 2026 28d ago	Press Release BEARISH ★ 8/10	$0.9700 $1.03	▼ −6.19%	▼ −6.11%	$0.9000 (+7.22%)
Mar 11, 2026 12w ago	8-K NEUTRAL ★ 4/10	$1.28 $1.19	▼ −7.03%	▼ −6.05%	$0.9000 (−29.69%)

US Market Status

Market Closed — Opens in 7h

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