Maxeon Solar Technologies Announces First Quarter 2021 Financial Results

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/28/2026

1. ORCL
2. AVGO
3. BA
4. HOOD
5. SPY
6. CDNS
7. ANT
8. META
9. STX
10. INTC

Go back to Maxeon Solar Technologies Announces First Quarter 2021 Financial Results

Maxeon (MAXN) Tops Q1 EPS by 34c

May 20, 2021 4:04 PM EDT

Maxeon (NASDAQ: MAXN) reported Q1 EPS of ($1.14), $0.34 better than the analyst estimate of ($1.48). Revenue for the quarter came in at $165.42 million versus the consensus estimate of $160.28 million.

Commenting on first quarter results, Maxeon's Chief Executive Officer Jeff Waters noted, "As expected, results for the first quarter of 2021 were in line with our recently offered outlook. Shipment and revenue declines reflected the natural seasonal pattern in our distributed generation business, combined with our ongoing pause in large scale. Gross margins were... More