SunPower (SPWR) Tops Q2 EPS by 28c, Revenues Beat; Offers 3Q Revenue Outlook Below Consensus

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Go back to SunPower (SPWR) Tops Q2 EPS by 28c, Revenues Beat; Offers 3Q Revenue Outlook Below Consensus

SunPower Reports Second Quarter Results

July 30, 2018 4:15 PM EDT

SAN JOSE, Calif., July 30, 2018 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR) today announced financial results for its second quarter ended July 1, 2018.

Second Quarter Highlights

Exceeded Non-GAAP Revenue, Margin and Adjusted EBITDA forecasts Year over year Distributed Generation (DG) volume growth of 45%, US residential up 15% Strong continued interest in Helix commercial storage application - 35% attach rate Record bookings quarter for SunPower Solutions group - shipments rose 37% sequentially Increasing focus on Next Generation Technology (NGT) scale-up, volume production planned in Q4'18 $369.2 million non-cash impairment of legacy manufacturing... More