Maxeon Solar Technologies (MAXNQ) Operating Expenses (2019 - 2024)

Maxeon Solar Technologies (MAXNQ) reported Operating Expenses of $63.7 million for Q4 2024, down 54.84% on a YoY basis from $141.0 million in Q1 2024, and down 58.44% quarter-over-quarter from $153.2 million in Q3 2024.

Maxeon Solar Technologies (MAXNQ) Operating Expenses (2019 - 2024) Analysis & Trends

Maxeon Solar Technologies has reported Operating Expenses for 6 years, with the latest figure at $63.7 million in Q4 2024.

  • For the quarter ending Q4 2024, Operating Expenses fell 54.84% year-over-year to $63.7 million; the trailing twelve-month figure through Jun 2025 stood at $278.6 million (down 12.38% YoY), and the FY2024 full-year result was $327.2 million, up 10.06% from the prior year.
  • Operating Expenses for Q4 2024 stood at $63.7 million, down from $153.2 million in the prior quarter.
  • The five-year high for Operating Expenses was $153.2 million in Q3 2024, with the low at $26.9 million in Q3 2020.
  • Historically, Operating Expenses has averaged $52.0 million across 5 years, with a median of $38.1 million in 2021.
  • Annual changes were most pronounced in 2023 — Operating Expenses soared 270.7% — and 2024, when it slumped 54.84%.
  • Maxeon Solar Technologies' Operating Expenses stood at $26.9 million in 2020, then grew by 21.51% to $32.6 million in 2021, then climbed by 26.22% to $41.2 million in 2022, then jumped by 242.28% to $141.0 million in 2023, then tumbled by 54.84% to $63.7 million in 2024.
  • The last three Operating Expenses figures came in at $63.7 million (Q4 2024), $153.2 million (Q3 2024), and $61.7 million (Q2 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 140.83 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 143.79 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 130.04 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 123.32 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 765.74 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 33.29 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 55.90 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -232.93 Mn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 13.20 Mn
10 Maxeon Solar Technologies - - - -

Historic Data

Download Data
DateValue
Dec 31, 2024 63.67 Mn
Sep 29, 2024 153.22 Mn
Jun 30, 2024 61.67 Mn
Mar 31, 2024 48.67 Mn
Dec 31, 2023 141.01 Mn
Oct 1, 2023 66.56 Mn
Jul 2, 2023 47.83 Mn
Apr 2, 2023 41.92 Mn
Jan 1, 2023 38.04 Mn
Oct 2, 2022 41.20 Mn
Jul 3, 2022 35.70 Mn
Apr 3, 2022 37.41 Mn
Jan 2, 2022 35.52 Mn
Oct 3, 2021 32.64 Mn
Jul 4, 2021 38.07 Mn
Apr 4, 2021 37.21 Mn
Jan 3, 2021 32.81 Mn
Sep 27, 2020 26.86 Mn
Jun 28, 2020 27.92 Mn
Mar 29, 2020 32.81 Mn