For the full year 2008 the company guided total revenue between $1.3 billion and $1.375 billion and diluted net income per share between $1.10 and $1.20.

For the second quarter of 2008 the company guided total revenue between $330 million and $350 million, gross margin of approximately 21% to 22% and diluted net income per share between $0.24 and $0.28 and higher average tax rate between 33% and 34% in 2008.

For the second quarter SunPower expects the components business segment to generate revenue of $95 million to $100 million and gross margin of approximately 28% to 29% and the systems business segment to generate revenue between $235 million and $250 million and gross margin of approximately 18.5% to 19.5%.