SolarEdge Technologies, Inc. (SEDG) Earnings
SolarEdge Technologies, Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $-0.01. SEDG has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise -10.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $-0.23 | $-0.43 | -87.0% | $311M | +1.6% |
| Feb 18, 2026 | $-0.19 | $-0.14 | +26.3% | $335M | +13.9% |
| Nov 5, 2025 | $-0.38 | $-0.31 | +18.4% | $340M | +3.0% |
| Aug 7, 2025 | $-0.82 | $-0.81 | +1.2% | $289M | -6.4% |
| Feb 19, 2025 | $-1.52 | $-3.52 | -131.6% | $171M | -16.3% |
| Feb 20, 2024 | $-1.47 | $-0.92 | +37.4% | $316M | -2.2% |
| Nov 1, 2023 | $0.68 | $-0.55 | -180.9% | $725M | -7.5% |
| Aug 1, 2023 | $2.52 | $2.62 | +4.0% | $991M | +5.6% |
| May 3, 2023 | $1.93 | $2.90 | +50.3% | $944M | +1.2% |
| Feb 13, 2023 | $1.60 | $2.86 | +78.7% | $891M | +1.2% |
| Aug 2, 2022 | $1.40 | $0.95 | -32.1% | $728M | -0.4% |
| May 2, 2022 | $1.28 | $1.20 | -6.3% | $655M | +3.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Priorities include driving profitable growth, expanding global market share, scaling SolarEdge Nexus, and investing in AI data center power. First quarter revenue up 46% y-o-y with expanded margins. Aim to approach break-even operating profit in Q2. In U.S. resi market, well positioned for rebound. In U.S. CNI market, gaining share with scalable architecture. Europe market slow start but picked up in March and April with strong revenue growth. SolarEdge Nexus launch event in Germany exceeded expectations with order book fully booked. Unveiled second generation of commercial battery. Advancing AI data center power solution with plan to deliver walking system in 2026, pilot in 2027, broader rollout in 2028.
Guidance
Expecting revenues to be within the range of $325 to $355 million for Q2. Expect non-GAAP gross margins to be within the range of 23% to 27%. Expect non-GAAP operating expenses to be in the range of $86 million to $91 million. Midpoint of Q2 guidance implies EBIT loss of approximately $3.5 million, close to break-even.
Segment performance
Non-GAAP revenues for the first quarter were $310 million, up 46% year-over-year and down 7% quarter-over-quarter. Revenues from U.S. this quarter amounted $150 million, down 20% quarter-over-quarter, and representing 51% of revenues. Revenues from Europe were $114 million, up 14% quarter-over-quarter, and representing 37% of revenues. International market revenues were $38 million, up 5% quarter-over-quarter and representing 12% of revenues. Non-GAAP gross margin this quarter was slightly up to 23.5% compared to 23.3% in Q4. Non-GAAP operating expenses for the first quarter were $97.7 million. Excluding a one-time doubtful debt expense of approximately $14 million, ongoing operating expenses were approximately $84 million below guidance range. Non-GAAP operating loss for Q1 was approximately $25 million. Excluding the one-time $14 million debt expense, ongoing operating loss was approximately $11 million.
Risks & headwinds
Strengthening New Israel shekel against the US dollar impacts costs. Uncertainty around Freedom Forever's financial position and potential recovery of amounts owed. Refund submission process with U.S. Customs and Border Protection related to tariffs may have uncertainties.
Analyst Q&A
Q: Mark Straus with J.P. Morgan asked about real-time update in Europe since Iran conflict and competitive environment in U.S. CNI.
A: Shuki Mir responded on Europe's increased demand for PV plus storage and U.S. CNI's structural share gains due to DOMCON and FIOC.
Q: Philip Shin with Roth Capital Partners asked about Freedom and $14 million doubtful debt.
A: Asaf Alperovitz responded on zero exposure to Freedom and $14 million doubtful debt related to another U.S. customer.
Q: Brian Lee with Goldman Sachs asked about safe harbor and market share.
A: Asaf Alperovitz and Shuki Mir responded on physical work test safe harbor and market share gain.
Q: Julian DeMoulin-Smith with Jefferies asked about market share displacement and analyst day.
A: Shuki Mir responded on market share gain and plan for investor day.
Q: Chris Dendrinos with RBC Capital Markets asked about channel inventory and data center.
A: Shuki Mir responded on normalized channel inventory and data center product development.
Q: Corrine Blanchard with Deutsche Bank asked about price cuts and battery trend.
A: Shuki Mir responded on no price cuts and battery trend.
Q: Mahit Landloy with Mizuho asked about U.S. solar market guidance.
A: Shuki Mir responded on U.S. market dynamics and future growth.
Q: Vikram Bagri with Citi asked about U.S. market stress and onshoring.
A: Shuki Mir and Asaf Alperovitz responded on stress monitoring and onshoring progress