Maxeon Solar Technologies (MAXNQ) Revenue (2019 - 2024)
Maxeon Solar Technologies (MAXNQ) reported Revenue of $48.8 million for Q4 2024, down 78.66% on a YoY basis from $228.8 million in Q1 2024, and down 44.88% quarter-over-quarter from $88.6 million in Q3 2024.
Maxeon Solar Technologies (MAXNQ) Revenue (2019 - 2024) Analysis & Trends
Maxeon Solar Technologies has reported Revenue for 6 years, with the latest figure at $48.8 million in Q4 2024.
- For the quarter ending Q4 2024, Revenue fell 78.66% year-over-year to $48.8 million; the trailing twelve-month figure through Dec 2024 stood at $509.0 million (down 54.68% YoY), and the FY2024 full-year result was $509.0 million, down 54.68% from the prior year.
- Revenue for Q4 2024 stood at $48.8 million, down from $88.6 million in the prior quarter.
- The five-year high for Revenue was $348.4 million in Q3 2023, with the low at $48.8 million in Q4 2024.
- Historically, Revenue has averaged $221.9 million across 5 years, with a median of $227.6 million in 2023.
- Annual changes were most pronounced in 2023 — Revenue jumped 46.33% — and 2024, when it plunged 78.66%.
- Maxeon Solar Technologies' Revenue stood at $165.0 million in 2020, then soared by 33.62% to $220.5 million in 2021, then gained by 24.93% to $275.4 million in 2022, then slipped by 16.94% to $228.8 million in 2023, then sank by 78.66% to $48.8 million in 2024.
- The last three Revenue figures came in at $48.8 million (Q4 2024), $88.6 million (Q3 2024), and $184.2 million (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 1.04 Bn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 880.52 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 282.90 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 310.50 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 722.23 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 140.56 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 223.41 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 1.78 Bn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 25.20 Mn |
| 10 | Maxeon Solar Technologies | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 48.81 Mn |
| Sep 29, 2024 | 88.56 Mn |
| Jun 30, 2024 | 184.22 Mn |
| Mar 31, 2024 | 187.46 Mn |
| Dec 31, 2023 | 228.78 Mn |
| Oct 1, 2023 | 227.63 Mn |
| Jul 2, 2023 | 348.37 Mn |
| Apr 2, 2023 | 318.33 Mn |
| Jan 1, 2023 | 323.50 Mn |
| Oct 2, 2022 | 275.45 Mn |
| Jul 3, 2022 | 238.08 Mn |
| Apr 3, 2022 | 223.08 Mn |
| Jan 2, 2022 | 221.48 Mn |
| Oct 3, 2021 | 220.49 Mn |
| Jan 3, 2021 | 245.56 Mn |
| Jun 28, 2020 | 165.01 Mn |
| Mar 29, 2020 | 227.64 Mn |
| Dec 29, 2019 | 368.13 Mn |
| Jun 30, 2019 | 291.46 Mn |