Sunrun Q2 cuts 2026 outlook
RUN•Updated 2026 outlook
- Sunrun lowered 2026 Aggregate Subscriber Value outlook to $4.6 billion-$4.9 billion from $4.8 billion-$5.2 billion.
- The company cut 2026 Cash Generation guidance to $200 million-$375 million, excluding equipment safe harbor investments.
- Sunrun said it expects to exit 2026 with higher unit margins and a robust growth rate as the sales force ramps up.
What drove the quarter
- Storage attachment: The company said storage attachment rate reached a record 74% in Q2, up from 70% in the prior-year period.
- Subscriber additions: Q2 subscriber additions fell 31% year-over-year, attributed to reduced affiliate channel volumes and a delayed ramp in direct sales.
- Creation costs: Creation costs reflected in operating expenses rose 92% year-over-year to $469 million in Q2.
Q2 results and guidance cut
Sunrun, the US home solar and battery provider, said second-quarter revenue rose 53% and beat analyst expectations, while operating expenses increased 23% year-over-year.
