Sunrun reported second quarter revenue of $870.0 million and diluted EPS of $0.42, significantly beating analyst expectations. However, the company lowered its full-year guidance for Cash Generation and Aggregate Subscriber Value, citing slower sales ramp and higher costs.
Key Highlights
- A record Storage Attachment Rate of 74% in the second quarter exceeded the 70% rate from the prior-year period and analyst expectations of 62%.
- Subscriber Additions declined 31% year-over-year to 19,793, which the company attributed to reduced affiliate channel volumes and a delayed ramp in direct sales activities.
- Full-year 2026 guidance was lowered, with Cash Generation now expected to be in a range of $200 million to $375 million, down from a prior range of $250 million to $450 million.