SunPower Q1'26 rev $72.8M, non-GAAP op loss $12.9M; CFO resigns, guidance lowered

SunPower Inc.

• Revenue $72.8M, down 9% from Q4'25 guidance of $80M; GAAP operating loss $19.2M, non-GAAP loss $12.9M.
• CFO Wendell Laidley resigned May 7; CEO T.J. Rodgers appointed Principal Financial Officer. Bernard Gutmann appointed to board and audit committee.
• Cost cuts: RIF of 115 employees, 4-day workweek, inside sales cut from 90 to 15; savings ~$9.9M per quarter starting May.
• Q2'26 revenue estimate ~$75M, operating loss ~$3M; Q3'26 revenue forecast $96M (cashflow breakeven).
• Bookings record 4,446 jobs in Q1'26, up from 1,197 in Q1'25.

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