Earnings Releases·Nov 4, 2026, 7:04 AM ET

SolarEdge — Third Quarter 2026 Earnings Summary

GAAP revenue declined 5.8% sequentially and 4.1% year-over-year to $326.1 million, while GAAP gross margin improved to 33.2% and Non-GAAP gross margin rose to 34.7%, both including a $36.0 million benefit from IEEPA tariff matters.
The company reported a GAAP net loss of $8.4 million and Non-GAAP net income of $21.1 million, with Non-GAAP operating income turning positive at $23.9 million compared to a $23.8 million loss in the prior year quarter.
Q4 2026 revenue guidance was lowered to $245–$275 million (excluding potential IEEPA refunds) due to near-term market uncertainty and softer demand, with Non-GAAP gross margin guidance set at 17–21%.
Management is executing cost-reduction measures to support profitability while highlighting strategic momentum in the Nexis product line, storage adoption, and the AI data center-focused SST platform.
SolarEdge achieved its fifth consecutive quarter of positive free cash flow ($7.8 million), though cash and investments net of debt decreased to $260.9 million as of September 30, 2026.