Maxeon Solar Technologies: Q1 Earnings Insights

Maxeon Solar Technologies MAXN reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Maxeon Solar Technologies beat estimated earnings by 197.87%, reporting an EPS of $0.46 versus an estimate of $-0.47.

Revenue was up $95.25 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.57 which was followed by a 44.0% increase in the share price the next day.

Here's a look at Maxeon Solar Technologies's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -1.27 -1.56 -1.60 -1.30
EPS Actual -1.84 -1.09 -2.15 -1.45
Revenue Estimate 315.70M 277.16M 221.43M 213.03M
Revenue Actual 323.50M 275.45M 238.08M 223.08M

To track all earnings releases for Maxeon Solar Technologies visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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