---
schema_version: "secwatch.filing_event.v1"
accession: "0000867773-23-000070"
form_type: "8-K"
ticker: null
cik: "0000867773"
company_name: "SUNPOWER CORP"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:36:01.359296+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SunPower reports Q2 net loss $30M, lowers FY 2023 guidance, announces restructuring

## Summary
- Preliminary Q2 GAAP net loss $30M; Adjusted EBITDA approx. -$3M; Revenue $464M (+11% YoY).
- Added 20,400 new residential customers; FY 2023 customer guidance cut to 70k-90k from prior.
- CEO cites demand weakness in Southeast/Southwest due to higher interest rates slowing leads.
- Restructuring to cut ~140 employees (5% labor costs) with ~$4.3M severance charges in Q3.
- FY 2023 Adjusted EBITDA guidance reduced to $55M-$75M; Net loss guidance ($90M)-($70M).

## SEC filing metadata
- accession: 0000867773-23-000070
- form_type: 8-K
- cik: 0000867773
- company_name: SUNPOWER CORP
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01, 2.05, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/867773/000086777323000070/0000867773-23-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/867773/000086777323000070/spwr-20230724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000867773-23-000070
- JSON: https://secwatch.observer/filing/0000867773-23-000070.json
- Plain text: https://secwatch.observer/filing/0000867773-23-000070.txt

## Key facts
- Earnings Releases
  SUNPOWER CORP reported second quarter ended July 2, 2023 results: revenue $464 million, net income ($30) million. Guidance lowered.
  - Period: second quarter ended July 2, 2023
  - Revenue: $464 million
  - Net income: ($30) million
  - Guidance: lowered
  - Result: preliminary results
  source text: SunPower Reports Preliminary Second Quarter 2023 Results and Provides Updated Guidance • Preliminary second quarter GAAP Net Loss of ($30) million, Adjusted EBITDA of approximately ($3) million • Preliminary second quarter customer growth of 20,400 new customers • Preliminary second quarter Revenue of $464 million, 11% higher year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/867773/000086777323000070/0000867773-23-000070-index.htm
- Restructurings & Charges
  SUNPOWER CORP announced a restructuring with charges of approximately $4.3 million (approximately 140 employees).
  - Type: restructuring
  - Charge: approximately $4.3 million
  - Headcount: approximately 140 employees
  source text: representing approximately 5% of its labor costs, to exit the Company in the third quarter of 2023. The Company expects to incur restructuring charges totaling approximately $4.3 million, consisting primarily of severance benefits. A substantial portion of such charges are expected to be incurred in the third quarter of fiscal 2023. The actual timing and costs of
  evidence_url: https://www.sec.gov/Archives/edgar/data/867773/000086777323000070/0000867773-23-000070-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.