Maxeon Solar Technologies (MAXNQ) Cost of Revenue (2019 - 2024)
Maxeon Solar Technologies (MAXNQ) reported Cost of Revenue of $96.5 million for Q4 2024, down 63.35% on a YoY basis from $263.2 million in Q1 2024, and down 63.96% quarter-over-quarter from $267.7 million in Q3 2024.
Maxeon Solar Technologies (MAXNQ) Cost of Revenue (2019 - 2024) Analysis & Trends
Maxeon Solar Technologies has reported Cost of Revenue for 6 years, with the latest figure at $96.5 million in Q4 2024.
- For the quarter ending Q4 2024, Cost of Revenue fell 63.35% year-over-year to $96.5 million; the trailing twelve-month figure through Dec 2024 stood at $758.5 million (down 27.42% YoY), and the FY2024 full-year result was $758.5 million, down 27.42% from the prior year.
- Cost of Revenue for Q4 2024 stood at $96.5 million, down from $267.7 million in the prior quarter.
- The five-year high for Cost of Revenue was $303.4 million in Q1 2023, with the low at $96.5 million in Q4 2024.
- Historically, Cost of Revenue has averaged $228.9 million across 5 years, with a median of $234.0 million in 2022.
- Annual changes were most pronounced in 2022 — Cost of Revenue soared 55.23% — and 2024, when it sank 63.35%.
- Maxeon Solar Technologies' Cost of Revenue stood at $218.9 million in 2020, then advanced by 8.35% to $237.2 million in 2021, then gained by 22.77% to $291.2 million in 2022, then retreated by 9.6% to $263.2 million in 2023, then slumped by 63.35% to $96.5 million in 2024.
- The last three Cost of Revenue figures came in at $96.5 million (Q4 2024), $267.7 million (Q3 2024), and $192.0 million (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 558.11 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 583.14 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 48.09 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 242.22 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 178.53 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 99.55 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 160.41 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 1.63 Bn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 14.40 Mn |
| 10 | Maxeon Solar Technologies | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 96.47 Mn |
| Dec 31, 2024 | 96.47 Mn |
| Sep 29, 2024 | 267.66 Mn |
| Sep 29, 2024 | 267.66 Mn |
| Jun 30, 2024 | 192.00 Mn |
| Jun 30, 2024 | 192.00 Mn |
| Mar 31, 2024 | 202.33 Mn |
| Mar 31, 2024 | 202.33 Mn |
| Dec 31, 2023 | 263.24 Mn |
| Dec 31, 2023 | 263.24 Mn |
| Oct 1, 2023 | 224.90 Mn |
| Oct 1, 2023 | 224.90 Mn |
| Jul 2, 2023 | 292.15 Mn |
| Jul 2, 2023 | 292.15 Mn |
| Apr 2, 2023 | 264.71 Mn |
| Apr 2, 2023 | 264.71 Mn |
| Jan 1, 2023 | 303.42 Mn |
| Jan 1, 2023 | 303.42 Mn |
| Oct 2, 2022 | 291.20 Mn |
| Oct 2, 2022 | 291.20 Mn |