Earnings Releases·Nov 4, 2026, 4:09 PM ET

Sunrun — Third Quarter 2026 Earnings Summary

Total revenue surged 52% year-over-year to $1,099.5 million, driven by a 134% increase in energy systems and product sales, while net income reached $153.2 million ($0.64 per basic share) and operating cash flow turned positive at $301 million.
Full-year 2026 guidance was lowered for both Aggregate Subscriber Value (revised to ~$4.6 billion) and Cash Generation (revised to ~$200 million, excluding safe harbor investments), though management expects higher cash generation in Q4.
Direct business installations grew 9% year-over-year and storage attachment rates hit a record 75%, yet subscriber additions declined 24% to 22,957, and total installed solar and storage capacity decreased by 15% and 9% respectively.
The company highlighted significant monetization progress through record-setting distributed power plant dispatch events in September and October 2026, contributing over 1.15 GW combined to grid stability initiatives.