Maxeon’s H1 revenue plunges amid ongoing UFLPA customs delays

• Maxeon’s H1 revenue drops to USD 39m as UFLPA-related customs delays curb US imports; the firm restructures while challenging the CBP order in court.

Maxeon Solar Technologies reported H1 2025 revenue of USD 39 million, down from USD 371.7 million a year earlier, as US Customs and Border Protection continued to block imports of several panel lines under the UFLPA. Shipments fell to 153.2 MW from 1,014 MW in the prior-year period.

The manufacturer is contesting the order in the US Court of International Trade and says restructuring efforts have narrowed losses and cut operating expenses, with plans to focus more tightly on the US market. Maxeon declined to provide guidance given legal and policy uncertainty, and it is exploring debt reduction with its controlling shareholder TZE alongside strategic options to monetize select non-US assets.

Context: The US policy landscape is shifting under the One Big Beautiful Bill law and potential Treasury changes to safe-harbor rules—variables that complicate near-term planning for import-reliant suppliers. For Maxeon, resolving CBP issues is prerequisite to restoring volume; until then, cash discipline and portfolio pruning are the order of the day.

Bottom line: Trade policy remains a decisive swing factor for module makers serving the US. Companies with diversified manufacturing footprints and traceable supply chains are better positioned to maintain access, but smaller firms may face prolonged volatility.