SolarEdge — Third Quarter 2026 Earnings Summary

SolarEdge Technologies reported third-quarter 2026 revenue of $326.1 million, representing a 5.8% decline from the previous quarter and a 4.1% decrease compared to the same period in 2025. The company achieved a GAAP gross margin of 33.2% and a non-GAAP gross margin of 34.7%, both of which included a $36.0 million benefit related to IEEPA tariff matters. SolarEdge generated $20.4 million in cash flow from operations and recorded $7.8 million in free cash flow, marking the fifth consecutive quarter of positive free cash flow. Looking ahead to the fourth quarter of 2026, the company provided guidance for revenue between $245 million and $275 million, with non-GAAP gross margins expected to range from 17% to 21%.