Maxeon (MAXN) Misses Q3 EPS by 22c, Guidance Misses
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.