Maxeon Solar Technologies (NASDAQ: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.
