Quarterly ResultMay 6, 2026, 07:07 AM
SolarEdge Q1 Revenue $310.5M; Non-GAAP Net Loss $26.3M
AI Summary
SolarEdge Technologies, Inc. announced its financial results for the first quarter ended March 31, 2026, reporting GAAP revenue of $310.5 million and a GAAP net loss of $57.4 million. Non-GAAP net loss was $26.3 million. CEO Shuki Nir highlighted strong execution, continued innovation, and business acceleration, with 46% year-over-year revenue growth and a sixth consecutive quarter of margin expansion, expecting a return to profitability in Q2. The company provided Q2 2026 guidance, projecting revenues between $325 million and $355 million and Non-GAAP gross margin of 23% to 27%.
Key Highlights
- Q1 2026 GAAP revenue was $310.5 million, down 7.4% from the prior quarter.
- Q1 2026 Non-GAAP revenue was $309.9 million, down 7.1% from the prior quarter.
- Q1 2026 GAAP gross margin was 22.0%, compared to 22.2% in the prior quarter.
- Q1 2026 Non-GAAP gross margin was 23.5%, compared to 23.3% in the prior quarter.
- Q1 2026 GAAP net loss was $57.4 million, compared to $132.1 million in the prior quarter.
- Q1 2026 Non-GAAP net loss was $26.3 million, compared to $8.2 million in the prior quarter.
- Cash flow from operating activities was $24.4 million, down from $52.6 million in the prior quarter.
- Q2 2026 revenue guidance is $325 million to $355 million.
- Q2 2026 Non-GAAP gross margin expected to be 23% to 27%.