SunPower Inc 2026年季度报告

FORM 10-Q/A ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 30, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition periodfromto Commission file number 001-40117 SUNPOWER INC.(Exact Name of Registrant as Specified in Its Charter) None Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 daysYes☐No☒ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theRegistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. ☐Accelerated filer☒Smaller reporting companyEmerging growth company Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 ofthe Act).Yes☐No☒ As of May 16, 2025, 80,272,256 shares of common stock, par value $0.0001 per share, were issued and outstanding. EXPLANATORY NOTE Overview SunPower Inc. (“SunPower” or the “Company”) is filing this Amendment No. 1 on Form 10Q/A (the ”Amended Report”) to amendand restate certain items in its Quarterly Report on Form 10-Q for the quarterly period ended March 30, 2025 originally filed with theU.S. Securities and Exchange Commission (the “SEC”) on May 19, 2025 (the “Original Report"), in order to reflect the effects of therestatement of the financial statements included the Original Report (the "Restatement"). This Amended Report includes theCompany’s restated unaudited condensed consolidated financial statements as of and for the thirteen week period ended March 30,2025 to correct errors related to the recognition of revenues, cost of revenues, stock-based compensation expense and interest andamortization of debt discount expense, and the related balance sheet accounts including accounts receivable, net, inventories, accruedexpenses and other current liabilities, notes payable, current, notes payable and derivative liabilities, net of current portion, notespayable and derivative liabilities with related parties, net of current portion and additional paid-in capital. The Company also identifiedpayroll and amortization expense classification errors within cost of revenues and operating expenses, which did not have any impacton the Company’s net operating results but misstated the expense categories within the unaudited condensed consolidated statementsof operations. Restatement Background As previously disclosed by the Company in its Current Report on Form 8-K filed with the SEC on April 14, 2026, the Companyidentified material errors related to the recognition of revenue (and related cost of revenues, sales commissions, sales and marketing,and general and administrative expenses), and interest expense (collectively “Misstatements”). The Company has determined thatthese material errors were the result of its previously reported material weaknesses in its internal control over financial reportingrelated to the Company’s control activities, information and communication, and monitoring activities. These errors were not causedby any override of controls, misconduct, or fraud. The correction of the Misstatements impact the previously reported amounts ofrevenues, cost of revenues, interest expense and amortization of debt discount and issuance costs, inventory, net income per commonshare, and all related financial statement subtotals and totals. In addition to correcting the Misstatements, the Amended Filings alsoreflect adjustments to correct unrelated errors to other financial statement line items identified by the Company in prior periods whichinclude, but are not limited to, adjustments to the reclassification of current and non-current debt obligations, reclassification of payrollexpenses between cost of revenues and operating expenses, and the vesting of restricted stock units and related stock-basedcompensation expense. Refer toNote 2- Restatement of Previously I