Sunrun Reports Third Quarter 2026 Financial Results
Globe Newswire•04/11/2026•16:01 ET
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Key Highlights
- ➤Cash Generation guidance cut to approximately $200 million for full-year 2026
- ➤Q3 revenue $1,099.5 million, up 52% year-over-year
- ➤Net income attributable to common stockholders reached $153.2 million
- ➤Storage Attachment Rate hit a record 75% in Q3
- ➤Subscriber Additions fell 24% year-over-year to 22,957
Expert Statements
Mary Powell, Chief Executive Officer of Sunrun
“Sunrun has returned its direct business to growth, with installations increasing 9% year-over-year. Sunrun is the nation’s largest Residential Independent Power Producer. We hit a 75% attachment rate of storage assets, the highest in our history. The need for affordable, reliable power has never been more evident, and our storage-first offering is meeting it. We are positioning the business for strong growth, bringing on some of the best talent in the industry and scaling deliberately, with a focus on customer experience and asset quality. And as that engine scales, we’re aiming to unlock new ways to monetize the network we’ve already built, from distributed power plant programs to emerging data center and grid edge applications, creating new streams of Cash Generation”
Danny Abajian, Chief Financial Officer of Sunrun
“Q3 marked an important inflection point as we returned to growth in our direct business and expanded our Upfront Net Subscriber Value margins considerably. We delivered $56 million in Cash Generation in Q3, excluding investments in equipment for safe harbor activities, and expect higher Cash Generation in Q4 resulting in full-year Cash Generation of approximately $200 million”
Aggregate Subscriber Value of approximately $1.3 billion in Q3
Storage Attachment Rate reached record 75% in Q3 and Networked Storage Capacity reached 5.0 Gigawatt-hours as of September 30, 2026
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