Sunrun Inc. is expected to report results around Thursday 5 November; the date is estimated from its past 8-K filing history, not a company announcement. Growth is coming with wider margins, so profit is rising faster than sales. Revenue over the twelve months to Q2 2026 was $3.5 billion, which rose 63.2% on the year before.
What analysts expect
Analysts have been raising their forecasts going into the report. For the quarter, the analysts' average EPS estimate is $0.32, in a range from $0.22 to $0.40. The average revenue estimate for the quarter is $805.7 million. Alongside that, the analysts' average estimate for full-year EPS is $1.40, which would be down 18.3% on last year (based on 18 analysts). That estimate has risen 15.6% over the past 90 days. Of the analysts' recommendations, 11 are positive, 9 neutral and 0 negative.
Track record against estimates
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters. Last quarter, EPS of $0.42 compared with an estimate of $0.25, above it by 68.8%.
The trends going in
Growth is speeding up. That growth rate was up 10.9 percentage points on the rate a quarter earlier. The trailing operating margin was 2.7%, up 172.3 percentage points from a year earlier. At the same time, the trailing net margin was 11.6%. Net income over the twelve months was $403.0 million, which fell 544.8% on the year before.
The cash picture
The share count is rising, so each share claims a smaller slice of the profit. Operating cash flow over the twelve months was −$200.1 million. Capital spending, estimated from depreciation because the company no longer reports it in a standard form, was about $44.7 million. At the same time, free cash flow, operating cash flow less that estimate, was about −$244.8 million. The average diluted share count rose 16.3% over the year.
How today compares
In the context of past results: today's free-cash-flow margin of −7.0% is higher than 98% of the company's own past quarterly readings, which have ranged from −55.5% to −1.4%. Today's operating margin of 2.7% is above every past reading (−181.3% to −1.7%). Today's twelve-month revenue growth rate of 63.2% is higher than 88% of past readings (−14.8% to 76.8%).
Questions this report will answer
Whether the pick-up in revenue growth continues. Whether results land above or below the analysts' expectations set out above. At the same time, Whether margins hold at the trailing levels above. The next filing will show whether the trends above continue, slow or reverse.
