SunPower Reports Second-Quarter 2009 Results -- Q2 2009 revenue of $298 million, GAAP EPS of $0.26 and non-GAAP EPS of $0.24
SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced financial results for its 2009 second quarter which ended June 28, 2009. Revenue for the 2009 second quarter was $298 million which compares to revenues of $214 million in the first quarter of 2009 and $383 million in the second quarter of 2008. The company's Components and Systems segments accounted for 63% and 37% of second-quarter 2009 revenue, respectively.
"Our second-quarter results reflect the continued success of our diversified segment and market strategy as we benefited from the further growth in our dealer network and executed on our large scale project commitments," said Tom Werner, SunPower's CEO. "Additionally, our operational focus during the quarter enabled us to show progress in reducing inventory levels and in controlling variable expenses.
- Published: 24 July 2009
- Written by Editor