Maxeon Solar Technologies, Ltd. has unveiled preliminary unaudited financials for Q4 and fiscal year ending December 31, 2023, along with anticipated figures for Q1 2024. Q4 shipments increased by nearly 4% to 653 MW, with revenues matching Q3/2023 but decreasing by over 29% annually to $229 million. Annual shipments for FY 2023 surged by approximately 22% YoY to 2.86 GW, with revenues climbing 6% to $1.12 billion from 2022. Looking ahead to Q1 2024, the company expects shipments of around 508 MW, generating $186 million in revenue.
Maxeon Solar releases preliminary financial results
Maxeon Solar reports Q4 2023 and FY 2023 preliminary financial results. (Image Credit: SOLARbytes).
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