SunPower (SunPower) Gross Margin %

: 3.08% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. SunPower's Gross Profit for the three months ended in Dec. 2023 was $11 Mil. SunPower's Revenue for the three months ended in Dec. 2023 was $357 Mil. Therefore, SunPower's Gross Margin % for the quarter that ended in Dec. 2023 was 3.08%.

The historical rank and industry rank for SunPower's Gross Margin % or its related term are showing as below:

SPWR' s Gross Margin % Range Over the Past 10 Years
Min: -1.04 Med: 15.25 Max: 23.14
Current: 14.15

During the past 13 years, the highest Gross Margin % of SunPower was 23.14%. The lowest was -1.04%. And the median was 15.25%.

SPWR's Gross Margin % is ranked worse than
78.76% of 970 companies
in the Semiconductors industry
Industry Median: 27.875 vs SPWR: 14.15

SunPower had a gross margin of 3.08% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for SunPower was 6.60% per year.

SunPower Gross Margin % Historical Data

The historical data trend for SunPower's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SunPower Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

14.97

17.19

22.34

23.14

14.15

SunPower Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %																22.85	18.66	15.95	16.84	3.08

Competitive Comparison

For the Solar subindustry, SunPower's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SunPower Gross Margin % Distribution

For the Semiconductors industry and Technology sector, SunPower's Gross Margin % distribution charts can be found below:

* The bar in red indicates where SunPower's Gross Margin % falls into.

SunPower Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

SunPower's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	238.5	/	1685.222
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1685.222 - 1446.767)	/	1685.222
	=	14.15 %

SunPower's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	11	/	356.905
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(356.905 - 345.926)	/	356.905
	=	3.08 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

SunPower (NAS:SPWR) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

SunPower had a gross margin of 3.08% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

SunPower Gross Margin % Related Terms

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SunPower (SunPower) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SunPower Corp (NAS:SPWR) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

S9P2:Germany S9P2:Germany

Address

51 Rio Robles, San Jose, CA, USA, 95134

Website

https://www.sunpower.com

SunPower is a leading solar technology and energy services provider that offers fully integrated solar, storage, and home energy solutions to customers primarily in the United States and Canada through an array of hardware, software, and financing options and smart energy solutions. The company's sales channels include a network of both installing and noninstalling dealers and resellers that operate in residential and commercial markets as well as a group of in-house sales teams in each segment engaged in direct sales to end customers.

Executives

Elizabeth Lynne Eby	officer: EVP, CFO	1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804
Jennifer Johnston	officer: EVP, Chief Operating Officer	1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804
Audrey Zibelman	director	1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804
Steve Louden	director	C/O ROKU, INC., 150 WINCHESTER CIRCLE, LOS GATOS CA 95032
Vichheka Heang	officer: Principal Accounting Officer	77 RIO ROBLES, C/O SUNPOWER CORPORATION, SAN JOSE CA 95134
June Sauvaget	officer: EVP, Chief Marketing Officer	1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804
Eileen Evans	officer: EVP, Chief Legal Officer	3000 HANOVER STREET, PALO ALTO CA 94304
Nathaniel Anschuetz	director	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Jonathan Bram	director	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Guthrie Dundas	officer: Interim CFO	1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804
Gip Iii Sol Holdings, L.p.	director, 10 percent owner	1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Global Infrastructure Investors Iii, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Global Infrastructure Gp Iii, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Sol Acquisition, Llc	director, 10 percent owner	1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Totalenergies Gestion Usa Sarl	10 percent owner	LA DEFENSE 6 2 PLACE JEAN MILLIER, COURBEVOIE, HAUTS-DE-SEINE I0 92400