Quarterly ResultAug 5, 2026, 07:07 AM
SolarEdge Q2 Revenue $346.2M, Non-GAAP Operating Income $10.2M
AI Summary
SolarEdge Technologies, Inc. announced its second quarter 2026 financial results, reporting revenue of $346.2 million, a 20% year-over-year increase. The company returned to non-GAAP operating profitability for the first time since Q2 2023, achieving $10.2 million in non-GAAP operating income, and marked its sixth consecutive quarter of gross margin expansion. SolarEdge also generated positive free cash flow of $3.1 million and provided Q3 2026 revenue guidance between $310 million and $340 million.
Key Highlights
- GAAP revenue was $346.2 million, up 19.6% from Q2 2025.
- Non-GAAP operating income was $10.2 million, compared to a loss of $48.3 million in Q2 2025.
- Non-GAAP gross margin was 28.6%, up from 13.1% in Q2 2025.
- GAAP net loss was $30.8 million, narrowed from $124.7 million in Q2 2025.
- Free cash flow was $3.1 million, compared to negative $9.1 million in Q2 2025.
- Cash and investments portfolio, net of debt, grew by $20.4 million to $264.6 million.
- Q3 2026 revenue guidance is $310 million – $340 million.
- Q3 2026 non-GAAP gross margin guidance is 22% – 26%.
Price Impact
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