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| Date | Value |
|---|---|
| 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 |