SunPower (SPWR) Operating Margin (2022 - 2026)
SunPower's (SPWR) quarterly Operating Margin came in at 26.37% in Q1 2026, down 2162.0% year-on-year from 1.28% in Q1 2025, and down 294.46% quarter-over-quarter from 6.68% in Q4 2025.
SunPower (SPWR) Operating Margin (2022 - 2026) Analysis & Trends
SunPower has disclosed Operating Margin across 5 years of filings, most recently posting 26.37% for Q1 2026.
- Operating Margin for Q1 2026 came in at 26.37%, down 2162.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 11.65% (up 2487.0% YoY), and the FY2025 annual result was 8.98%, up 5402.0% from the prior year.
- Operating Margin came in at 26.37% for Q1 2026 at SunPower, down from 6.68% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 77.65% in Q4 2023 to a low of 541.37% in Q3 2024.
- The 5-year median for Operating Margin is 26.17% (2022), against an average of 73.67%.
- Across the five-year window, Operating Margin sank 49631 bps in 2024 and soared 53683 bps in 2025, its largest moves.
- SunPower's Operating Margin stood at 56.25% in 2022, then jumped by 238 bps to 77.65% in 2023, then sank by 131 bps to 24.25% in 2024, then soared by 72 bps to 6.68% in 2025, then sank by 294 bps to 26.37% in 2026.
- The last three Operating Margin figures came in at 26.37% (Q1 2026), 6.68% (Q4 2025), and 4.54% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 33.07% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 17.44% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -10.48% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -17.73% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -6.02% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 5.49% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 3.18% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -4.80% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -9.56% |
| 10 | SunPower | 103.15 Mn | 102.02 Mn | 44.69 Mn | -26.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | -26.37% |
| Dec 28, 2025 | -6.68% |
| Sep 28, 2025 | -4.54% |
| Jun 29, 2025 | -13.49% |
| Mar 30, 2025 | -4.75% |
| Dec 29, 2024 | -24.25% |
| Sep 29, 2024 | -541.37% |
| Jun 30, 2024 | -211.35% |
| Mar 31, 2024 | -75.14% |
| Dec 31, 2023 | 77.65% |
| Oct 1, 2023 | -45.05% |
| Dec 31, 2022 | -56.25% |
| Sep 30, 2022 | -26.17% |