SunPower’s Revenue by Region (2018-2020)

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This statistic highlights SunPower’s Revenue by Region from Q1 2018 onwards, split across France, the United States, and the rest of the world.
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This statistic highlights SunPower’s Revenue by Region from Q1 2018 onwards, split across France, the United States, and the rest of the world.

SunPower’s Revenue by Region

Revenue by Region Q2 2019 Q1 2020 Q2 2020 Contribution in Q2 2020
France $38.30 $47.62 $26.95 6.00%
United States $167.15 $507.95 $278.50 62.00%
Rest of world $142.77 $238.10 $143.74 32.00%
Total $348.23 $793.68 $449.19 100.00%

(All figures in millions, except percentages)

The total revenue of SunPower indicated a massive rise of $100.96 million, i.e., 29%, on a yearly basis as it increased from $348.23 million in Q2 2019 to $449.19 million Q2 2020. Whereas, it declined from $793.68 million in Q1 2020 to $449.19 million in Q2 2020, indicating a decline of 43.40%.

The revenue of SunPower is derived from three major regions:

France

France is a great bedrock for SunPower Corp. It isn’t exclusively huge in the solar power industry. However, SunPower Corp, is focused on capturing a large portion of its business there. It supplies various inexhaustible energy appliances in France. It provides supplements comprising panels, solar products, and other associated items.

French region contributed 6% to the company’s total revenue as of Q2 2020. The revenue generated from France sloped downwards from $38.30 million in Q2 2019 to $26.95 million in Q2 2020, marking a decline of 29.63% yearly. Meanwhile, it rose by $9.32 million between Q2 2019 and Q1 2020. It further decreased by 43.40% between Q1 2020 and Q2 2020 on a quarter-on-quarter basis.

United States

SunPower Corp.’s headquarter is established in San Jose in California in the United States. Most of the sales of the company are in the United States only. In the beginning, it established many of the largest solar panels in the region.

The revenue from the United States region contributes maximum to the total revenue of the company, i.e., 62%. On an yearly basis, the revenue from United States increased by 66.61%, from $167.15 million in Q2 2019 to $278.5 million in Q2 2020. Whereas, the revenue fell from $507.95 million in Q1 2020 to $278.50 million in Q2 2020 making a decline of 45.17%.

Rest of world

SunPower Corp. conducts its activities in more than 130 countries. It delivers solar solutions to power plant, commercial, and residential customers around the globe.

As of Q2 2020, the revenue from the rest of the world contributes to approximately 32% to the company’s total revenue. It increased between Q2 2019 and Q2 2020 by 0.97 million, i.e., by 0.68%. However, it fell from $238.10 million in Q1 2020 to $143.74 million in Q2 2020, marking a fall of 39.63%.

About the Company

SunPower Corp. is a public corporation, belonging to the solar power industry. It is headquartered in San Jose in the United States of America and was incorporated in 1985. It supplies, launches, and funds solar power products comprising batteries, consoles, monitoring hardware, and software. It is often used when the space required for solar panels is restricted. These are known for maximum productivity, and their capacity to transform solar energy into electrical energy. The company charges a premium amount for solar panels as it is famous for creating highly efficient panels.

In 2007, the company acquired the PowerLight corporation which doubled the expanse of SunPower Corp. It is traded at the NASDAQ under the ticker symbol SPWR.

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