---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-222623"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2023-08-28T23:59:59+00:00"
generated_at: "2026-06-11T03:01:58.966328+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Complete Solaria Q2 revenue $32.2M, gross margin 18%; restructures to focus on Systems business

## Summary
- Revenue $32.2M, down 9% QoQ; Systems record $25.6M (+54% QoQ), Modules $6.6M (-65%).
- GAAP operating loss $17.5M, non-GAAP $15.8M; gross margin improved to 18% from 6%.
- Strategic pivot: exiting Modules business, signed non-binding term sheet for asset sale to tier-1 manufacturer.
- Headcount reduced by 59 (16%) with $7.9M annual savings; now 312 employees.
- Q3 guidance: revenue $38-41M, gross margin 29%; expects further improvement.

## SEC filing metadata
- accession: 0001193125-23-222623
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2023-08-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000119312523222623/0001193125-23-222623-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000119312523222623/d524470d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-222623
- JSON: https://secwatch.observer/filing/0001193125-23-222623.json
- Plain text: https://secwatch.observer/filing/0001193125-23-222623.txt

## Key facts
- Earnings Releases
  SunPower Inc. reported the fiscal quarter ended July 2, 2023 results: revenue $32.2 million.
  - Period: the fiscal quarter ended July 2, 2023
  - Revenue: $32.2 million
  - Result: reported results
  source text: for investors at 5:00 p.m. EDT today, https://investors.completesolaria.com/. Second quarter summary (financial comments based on non-GAAP results unless noted): • Revenue of $32.2 million, down 9% from previous quarter Systems: $25.6 million, up 54% QoQ, and a record Modules: $6.6 million, down 65% QoQ • 18% gross margin, up 6% QoQ • Strategic Decision: company to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000119312523222623/0001193125-23-222623-index.htm

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