| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 346.25 | 11.5% | 19.6% |
| Total Income | 346.25 | 11.5% | 19.6% |
| Expenditure | 362.29 | 0.9% | 10.5% |
| PBT | -28.42 | 49.3% | 76.1% |
| Net Profit | -30.75 | 46.4% | 75.3% |
| OPM | -4.63% | 13.09pp | 35.27pp |
| NPM | -8.88% | 9.59pp | 34.22pp |
| EPS | -0.50 | 47.4% | 76.5% |
SolarEdge Announces Q2 2026 Financial Results with Revenue of $346.2 Million, Up 19.6% YoY
05 Aug 2026 · 5 Aug, 4:37 pm
Summary
SolarEdge Technologies, Inc. announced its second quarter 2026 financial results, reporting revenue of $346.2 million, up 19.6% year-over-year. The company achieved a significant improvement in profitability, with GAAP gross margin expanding to 27.5% and returning to non-GAAP operating profitability for the first time since Q2 2023. Management highlighted strong demand in Europe and the U.S. C&I sector as key drivers, while noting industry-wide softness in U.S. residential. The company is focused on scaling its Nexis platform and advancing its SolarEdge SST.
Key Highlights
- 1
Revenue for the second quarter of 2026 was $346.2 million, an increase of 19.6% compared to the second quarter of 2025.
- 2
GAAP gross margin reached 27.5% in Q2 2026, a significant improvement from 11.1% in Q2 2025, including a benefit from tariff matters.
- 3
Non-GAAP operating income turned positive at $10.2 million in Q2 2026, compared to a non-GAAP operating loss of $48.3 million in Q2 2025.
- 4
Non-GAAP net income was $3.6 million in Q2 2026, a substantial improvement from a non-GAAP net loss of $47.7 million in Q2 2025.
- 5
Free cash flow was $3.1 million in Q2 2026, an improvement from negative $9.1 million in Q2 2025.
- 6
The company provided guidance for Q3 2026 revenue between $310 million and $340 million.
Management Comments
Shuki Nir
Our second-quarter results mark an important milestone in SolarEdge’s turnaround. Revenue grew 20% year over year, GAAP operating loss narrowed significantly, and we returned to non-GAAP operating profitability for the first time since the second quarter of 2023, while continuing to generate positive free cash flow. Strong demand in Europe combined with strength in U.S. C&I, more than offset industry-wide softness in U.S. residential, driving overall year-over-year growth. We are focused on building on this momentum by scaling the Nexis platform in our core markets and continuing to advance the SolarEdge SST to address the significant opportunity in AI factories.
Informational and educational content only. Not investment advice.