---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-087977"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T01:25:48.401695+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Complete Solaria names Taner Ozcelik CEO; Q3 revenue $24.6M, GM improves to 25%

## Summary
- Q3 systems revenue $24.6M (-4% QoQ); non-GAAP operating loss $9.2M vs. $15.8M in Q2.
- Gross margin rose to 25% from 18% in Q2; record bookings of $56.4M in new contracts.
- Sold module business to Maxeon for $10.2M; headcount reduced 33% to 285.
- Taner Ozcelik named CEO effective Nov 20; replaces co-founder Will Anderson who stays as employee.
- Q4 2023 guidance: revenue ~$22M, GM 32-40%, operating loss ~$5.7M, positive cash flow.

## SEC filing metadata
- accession: 0001213900-23-087977
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000121390023087977/0001213900-23-087977-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000121390023087977/ea188614-8k_complete.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-087977
- JSON: https://secwatch.observer/filing/0001213900-23-087977.json
- Plain text: https://secwatch.observer/filing/0001213900-23-087977.txt

## Key facts
- Earnings Releases
  SunPower Inc. reported Q3 2023 results: revenue $24.6 million.
  - Period: Q3 2023
  - Revenue: $24.6 million
  - Result: reported results
  source text: at 5:00 p.m. EST today at https://investors.completesolaria.com/. Third quarter summary (financial comments based on non-GAAP results unless noted): ● Revenue (systems only) of $24.6 million, down 4% from previous quarter ● Modules sales, $3.8 million, reported as “discontinued operations,” not revenue ● 25% gross margin, up from 18% in the prior quarter ● Sale of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390023087977/0001213900-23-087977-index.htm
- Executive change
  Taner Ozcelik was appointed as Chief Executive Officer at SunPower Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On November 12, 2023, the board of directors of the Company (the “Board”) appointed Taner Ozecelik as Chief Executive Officer, effective as of November 20, 2023 (the “Effective Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390023087977/0001213900-23-087977-index.htm
- Executive change
  William J. Anderson departed as Chief Executive Officer at SunPower Inc..
  - Action: stepped down
  - Role: Chief Executive Officer
  source text: William J. Anderson, the Company’s co-founder, Chief Executive Officer and member of the Board will step down as Chief Executive Officer as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390023087977/0001213900-23-087977-index.htm

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