SunPower Q2 revenue $56M, down 23% QoQ; operating loss $12.5M non-GAAP; cash below $10M target

SunPower Inc.

Q2 revenue $55.96M vs Q1 $72.79M; non-GAAP operating loss $12.5M, slightly better than Q1's $12.9M loss.
Cash balance $4.0M, below $10M minimum; company avoided dilutive financing at low share price.
Q3 guidance: revenue $75M+ and operating loss improvement to under $1.0M (90% reduction).
Replaced top 2.5 tiers of SunPower Direct management after quality violations caused 1,105 delayed jobs.
Appointed Tom Kowalczuk as CFO on July 7, 2026; permanent cost reductions of $13M annualized.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.