SunPower posts $2.4M profit on $67.5M Q2 rev despite steep ITC-related revenue drop

SunPower Inc.

2025-Q2 EPS reported -$0.18 revenue$150,264,000

Q2 revenue $67.5M (down 18% QoQ); non-GAAP operating profit $2.42M vs $2.94M in Q1.
Gross margin improved to 43% from 39%; operating expenses cut $4.6M to $17.3M.
Headcount reduced to 861; employees receive $500 stock bonus for quarterly performance.
Q3 2025 outlook: revenue ~$70M, operating profit ~$3.0M.
CFO Dan Foley leaves; Jeanne Nguyen interim CFO. CLO Chais Sweat replaced by Nicolas Wenker.

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