SunPower, which is engaged in the manufacture of solar electric power products, has reported revenues of $234.3 million for the third quarter ended September 30, 2007, up 34.9% from the prior-quarter revenue of $173.8 million and up 258.6% from the third quarter 2006 revenue of $65.3 million.
The components segment accounted for $76.6 million of the third quarter revenue, a 9.9% increase from the prior-quarter revenue of $69.7 million. The systems segment accounted for $157.7 million of the third quarter revenue, a 51.6% increase from the prior-quarter revenue of $104 million.
On a GAAP basis, the company reported total operating income of $6.8 million and diluted net income per share of $0.10. On a non-GAAP basis, the company reported total operating income of $27 million and diluted net income per share of $0.33.
Tom Werner, SunPower’s CEO, said: SunPower delivered another quarter of strong financial performance. This was made possible by continued strong customer demand for our high-performance solar technology and excellent execution by both our systems and components business segments. The overall solar business environment continues to be characterized by rapid and dynamic growth, particularly with respect to the ongoing evolution of country-specific customer incentive programs.