SunPower (SPWR) Operating Margin (2022 - 2026)
SunPower's Operating Margin was -42.76% in Q2 2026, down 29.26 percentage points from -13.49% a year earlier and down 16.38 percentage points from the prior quarter.
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Analysis
SunPower (SPWR) Operating Margin (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, SunPower's Operating Margin was -20.11% through Jun 28, 2026, up 6.75 percentage points year-over-year; for FY2025, it came in at -8.98%, up 54.02 percentage points from FY2024.
- Operating Margin shows a three-year change of +22.85 percentage points (FY2022 to FY2025).
- In earlier years, Operating Margin was -63.00% in FY2024 (-3.24 pp), -59.76% in FY2023 (-27.93 pp) and -31.83% in FY2022.
- The Q2 2026 figure marks the lowest quarterly Operating Margin since Q3 2024.
- Compared with a year earlier, Operating Margin was higher in five of the last eight quarters, with an average year-over-year change of +40.43 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q3 2025 (a gain of 538.89 percentage points); the worst was Q3 2024 (a drop of 496.31 percentage points).
- Per Business Quant data, SPWR's Operating Margin in the three quarters before Q2 2026 was -26.38% (Q1 2026), -13.95% (Q4 2025) and -2.47% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 96.54 Bn | 94.73 Bn | 1.55 Bn | 7.27% |
| 2 | Ferrovial | 38.99 Bn | 19.58 Bn | - | - |
| 3 | Emcor | 33.36 Bn | 29.75 Bn | 1.02 Bn | 10.62% |
| 4 | Mastec | 17.15 Bn | 16.06 Bn | 556.28 Mn | 5.17% |
| 5 | Jacobs Solutions | 15.84 Bn | 10.49 Bn | 810.70 Mn | 7.03% |
| 6 | Sterling Infrastructure | 15.09 Bn | 13.45 Bn | 289.96 Mn | 18.77% |
| 7 | IES Holdings | 12.79 Bn | 11.66 Bn | 340.66 Mn | 14.37% |
| 8 | Dycom Industries | 8.06 Bn | 7.19 Bn | - | - |
| 9 | Stantec | 7.69 Bn | 7.69 Bn | - | - |
| 10 | SunPower | 46.97 Mn | 18.68 Mn | 24.96 Mn | -42.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | -42.76% |
| Mar 29, 2026 | -26.38% |
| Dec 28, 2025 | -13.95% |
| Sep 28, 2025 | -2.47% |
| 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 | -77.45% |
| Oct 1, 2023 | -45.05% |
| Dec 31, 2022 | -56.25% |
| Sep 30, 2022 | -26.17% |
API Access
SunPower Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=SPWR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "SPWR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=SPWR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();