Maxeon Solar Technologies, Ltd.MAXNEarnings & Financial Report
Maxeon Solar Technologies, Ltd. is a Singapore-based company that designs and manufactures photovoltaic panels. The company was previously a division of the American company SunPower. Maxeon was spun off from SunPower in August 2020. Maxeon was the primary provider of solar panels for SunPower through March 2024. Beyond the United States, Maxeon has sales operations in more than 100 countries and has the rights to use the SunPower brand in countries outside the United States.
MAXN Q4 FY2024 Key Financial Metrics
Revenue
$509.0M
Gross Profit
$-249.4M
Operating Profit
$-576.6M
Net Profit
$-614.3M
Gross Margin
-49.0%
Operating Margin
-113.3%
Net Margin
-120.7%
YoY Growth
-54.7%
EPS
$-96.00
Maxeon Solar Technologies, Ltd. Q4 FY2024 Financial Summary
Maxeon Solar Technologies, Ltd. reported revenue of $509.0M (down 54.7% YoY) for Q4 FY2024, with a net profit of $-614.3M (down 122.7% YoY) (-120.7% margin).
Key Financial Metrics
| Total Revenue | $509.0M |
|---|---|
| Net Profit | $-614.3M |
| Gross Margin | N/A |
| Operating Margin | -113.3% |
| Report Period | Q4 FY2024 |
Maxeon Solar Technologies, Ltd. Quarterly Revenue & Net Profit History
Maxeon Solar Technologies, Ltd. results over the last 2 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2024 | $509.0M | -54.7% | $-614.3M | -120.7% |
| Q2 FY2023 | $223.1M | — | $-59.2M | -26.5% |
Income Statement
| Q2 2023 | Q4 2024 | |
|---|---|---|
| Revenue | $223.1M | $509.0M |
| YoY Growth | N/A | -54.7% |
Balance Sheet
| Q2 2023 | Q4 2024 | |
|---|---|---|
| Assets | $1.26B | $376.3M |
| Liabilities | $1.21B | $664.6M |
| Equity | $48.1M | $-293.8M |
Cash Flow
| Q2 2023 | Q4 2024 | |
|---|---|---|
| Operating CF | $14.7M | $-270.2M |