SunPower (SPWR) Operating Margin (2022 - 2026)
SunPower's (SPWR) quarterly Operating Margin came in at 42.76% in Q2 2026, down 2926.0% year-over-year from 1.51% in Q2 2025, and down 62.11% quarter-over-quarter from 26.38% in Q1 2026.
Analysis
SunPower (SPWR) Operating Margin (2022 - 2026) Analysis & Trends
SunPower has disclosed Operating Margin across 5 years of filings, most recently posting 42.76% for Q2 2026.
- In Q2 2026, Operating Margin fell 2926.0% year-over-year to 42.76%; the TTM figure through Jun 2026 stood at 20.11% (up 675.0% YoY), while the FY2025 annual figure was 8.98%, up 5402.0% from the prior year.
- Operating Margin came in at 42.76% for Q2 2026 at SunPower, down from 26.38% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 2.47% in Q3 2025 to a low of 541.37% in Q3 2024.
- Average Operating Margin over 5 years is 82.92%, with a median of 34.57% recorded in 2026.
- Year-over-year, Operating Margin plunged 49631 bps in 2024 and jumped 53889 bps in 2025.
- Over 5 years, Operating Margin stood at 56.25% in 2022, then slumped by 38 bps to 77.45% in 2023, then surged by 69 bps to 24.25% in 2024, then surged by 42 bps to 13.95% in 2025, then slumped by 207 bps to 42.76% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 42.76% in Q2 2026, 26.38% in Q1 2026, and 13.95% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunrun | 2.06 Bn | 2.06 Bn | 527.54 Mn | 4.00% |
| 2 | SunPower | 52.30 Mn | 48.20 Mn | 24.96 Mn | -42.76% |
| 3 | SUNation Energy | 21.76 Mn | 18.70 Mn | 2.13 Mn | -39.00% |
| 4 | SolarMax Technology | 10.72 Mn | 6.13 Mn | 3.05 Mn | 0.65% |
| 5 | Founder | 1.62 Mn | -28.27 Mn | - | - |
| 6 | Zeo Energy | 1.57 Mn | 16.56 Mn | 7.62 Mn | -18.49% |
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% |