The earnings call highlighted significant liquidity support and strategic restructuring measures, alongside expansion efforts in the U.S. market and defensive actions on intellectual property. However, these positives are overshadowed by substantial cash flow challenges, customer delays, inventory issues, and significant shareholder dilution.

Company Guidance

During the Maxeon Solar Technologies Q1 2024 Earnings Call, the company provided guidance indicating significant financial challenges due to market dislocation, including Chinese module oversupply, high interest rates, and policy changes. As a result, Maxeon faced cash flow issues, exacerbated by the termination of a supply agreement and project delays from two major utility scale customers. To address these challenges, Maxeon secured a $97.5 million debt investment and a $100 million equity commitment from its largest shareholder, TZE, subject to regulatory approval. This financing is expected to stabilize their balance sheet, despite resulting in substantial dilution for existing shareholders. The company anticipates Q2 2024 shipments of 520 to 600 megawatts and annual revenues between $640 million and $800 million, with a focus on rebuilding its U.S. distributed generation channel and transitioning to newer technologies to return to profitability by early 2025.

Liquidity Support and Restructuring

Maxeon negotiated commitments for significant liquidity support from its largest shareholder, TZE, and restructured its 2025 convertible bonds, with the majority expected to be converted into equity, stabilizing the balance sheet.

U.S. Dealer Channel Expansion

Maxeon signed up more than 100 U.S. dealers since the last earnings call, aiming to grow its market share in the U.S. residential market, with a focus on premium products.

Patent Infringement Actions

The company initiated patent infringement cases against several competitors, intending to monetize its intellectual property in shingling, TOPCon, and IBC technologies.

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Maxeon Solar Technologies (MAXN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MAXN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 08, 2025	2024 (Q4)	-4.33 / -	-159	―	―	―
Dec 05, 2024	2024 (Q3)	-4.13 / -0.47	-221	99.79% (+220.53)	―	―
Sep 03, 2024	2024 (Q2)	-110.41 / 3.00	-3	200.00% (+6.00)	―	―
May 23, 2024	2024 (Q1)	-97.16 / -159.00	46	-445.65% (-205.00)	―	―
May 15, 2024	2023 (Q4)	- / -0.96	0.46	-309.13% (-1.42)	―	―
Nov 15, 2023	2023 (Q3)	-106.09 / -221.00	-109	-102.75% (-112.00)
Aug 10, 2023	2023 (Q2)	-6.54 / -3.00	-215	98.60% (+212.00)
May 10, 2023	2023 (Q1)	-43.36 / 46.00	-145	131.72% (+191.00)
Mar 07, 2023	2022 (Q4)	-119.93 / -184.00	-181	-1.66% (-3.00)
Nov 10, 2022	2022 (Q3)	-139.18 / -109.00	-162	32.72% (+53.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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MAXN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 05, 2024	$7.89	$7.13	-9.63%
Sep 03, 2024	$10.81	$9.30	-13.97%
May 23, 2024	$330.00	$312.00	-5.45%
May 15, 2024	$256.00	$324.00	+26.56%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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