Maxeon (NASDAQ: MAXN) reported Q3 EPS of ($1.62), $0.22 worse than the analyst estimate of ($1.40). Revenue for the quarter came in at $220.5 million versus the consensus estimate of $227.98 million.

GUIDANCE:

Maxeon sees Q4 2021 revenue of $215-235 million, versus the consensus of $268.2 million.

For the fourth quarter of 2021, the Company anticipates the following results:

(In millions, except shipments)	Outlook
Shipments, in MW	540 - 570 MW
Revenue	$215 - $235
Gross loss(1)	$5 - $15
Non-GAAP gross loss(1), (2)	$5 - $15
Operating expenses	$35 ± $2
Non-GAAP operating expenses(3)	$31 ± $2
Adjusted EBITDA(1), (4)	$(32) - $(42)
Capital investments(5)	$45 - $50
Out-of-market polysilicon cost(1)	$13 - $17
Restructuring charges(3), (6)	$2 - $3

For earnings history and earnings-related data on Maxeon (MAXN) click here.