SunPower (SPWR) Gross Margin (2022 - 2026)

SunPower's (SPWR) quarterly Gross Margin came in at 61.39% in Q1 2026, up 2648.0% year-on-year from 2.23% in Q1 2025, and up 153.32% quarter-over-quarter from 24.23% in Q4 2025.

SunPower (SPWR) Gross Margin (2022 - 2026) Analysis & Trends

SunPower has disclosed Gross Margin across 5 years of filings, most recently posting 61.39% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 61.39%, up 2648.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 40.27% (up 380.0% YoY), and the FY2025 annual result was 43.07%, up 674.0% from the prior year.
  • Gross Margin came in at 61.39% for Q1 2026 at SunPower, up from 24.23% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 91.12% in Q3 2025 to a low of 57.03% in Q3 2024.
  • The 5-year median for Gross Margin is 26.55% (2022), against an average of 25.96%.
  • Across the five-year window, Gross Margin plunged 8239 bps in 2024 and soared 14815 bps in 2025, its largest moves.
  • SunPower's Gross Margin stood at 26.55% in 2022, then slumped by 51 bps to 12.97% in 2023, then soared by 259 bps to 46.54% in 2024, then slumped by 48 bps to 24.23% in 2025, then jumped by 153 bps to 61.39% in 2026.
  • The last three Gross Margin figures came in at 61.39% (Q1 2026), 24.23% (Q4 2025), and 91.12% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 46.55%
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 33.77%
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 35.49%
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 21.99%
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 75.28%
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 29.18%
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 28.20%
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 8.32%
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 42.84%
10 SunPower 103.15 Mn 102.02 Mn 44.69 Mn 61.39%

Historic Data

Download Data
DateValue
Mar 29, 2026 61.39%
Dec 28, 2025 24.23%
Sep 28, 2025 91.12%
Jun 29, 2025 35.97%
Mar 30, 2025 34.91%
Dec 29, 2024 46.54%
Sep 29, 2024 -57.03%
Jun 30, 2024 -19.86%
Mar 31, 2024 22.74%
Dec 31, 2023 12.97%
Oct 1, 2023 25.36%
Dec 31, 2022 26.55%
Sep 30, 2022 32.58%