SunPower (SPWR) Operating Margin (2022 - 2026)
SunPower recorded quarterly Operating Margin of 26.37% in Q1 2026, down 294.46% quarter-over-quarter from 6.68% in Q4 2025, and down 2162.0% year-over-year from 1.28% in Q1 2025.
SunPower's Operating Margin history runs 5 years deep, the most recent figure standing at 26.37% for Q1 2026.
- In Q1 2026, Operating Margin fell 2162.0% year-over-year to 26.37%; the TTM figure through Mar 2026 stood at 11.65% (up 2487.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 73.67% and a median of 26.17% in 2022 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin plunged 49631 bps in 2024 and jumped 53683 bps in 2025, its largest moves.
- SunPower's Operating Margin stood at 56.25% in 2022, then surged by 238 bps to 77.65% in 2023, then plunged by 131 bps to 24.25% in 2024, then jumped by 72 bps to 6.68% in 2025, then plunged by 294 bps to 26.37% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 26.37%, 6.68%, and 4.54% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 33.07% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 17.44% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -5.26% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | -10.48% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -17.73% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -6.02% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 5.49% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 3.18% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -4.80% |
| 10 | SunPower | 132.98 Mn | 131.84 Mn | 44.69 Mn | -26.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | -26.37% |
| Dec 28, 2025 | -11.73% |
| Sep 28, 2025 | -4.92% |
| Jun 29, 2025 | -4.03% |
| Mar 30, 2025 | 1.26% |
| 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% |