Companies /Technology
Solaredge Technologies Inc
NASDAQ: SEDG Solar

SolarEdge (SEDG) Q3 2026 Earnings

Reported Nov 4, 2026, 7:04am ET · SEC source
$0.29
Beat +703.32%
EPS · est. $0.04 Adjusted

Results include a benefit of $36.0 million related to IEEPA tariff matters (reflected in both GAAP and non-GAAP gross margin). GAAP diluted EPS was $(0.14).

$326.1M
Miss −0.27%
Revenue · est. $327.0M
2 quarters
Consecutive EPS beats

How Did SEDG Stock React to Q3 2026 Earnings?

% change · around the report
−9%0+9%Nov 3Nov 9report 7:04am ETearnings−1.0%−7.9%
−9%0+9%Nov 3Nov 9earnings−1.0%−7.9%
SEDG −7.9%S&P 500 −1.0%
−9%0+9%Nov 3Nov 9report 7:04am ETearnings−0.9%−7.9%
−9%0+9%Nov 3Nov 9earnings−0.9%−7.9%
SEDG −7.9%NASDAQ −0.9%
−8.70%
Day of report
−12.72%
Next session

Did SEDG Beat Earnings? Q3 2026 Results

Yes. SolarEdge reported Q3 2026 earnings of $0.29 a share on Nov 4, 2026, beating the $0.04 consensus estimate by 703.3%. Revenue was $326.1M against a $327.0M estimate.

SolarEdge Technologies posted a dramatic earnings beat in Q3 2026, with adjusted non-GAAP EPS of $0.29 clearing the $0.04 consensus estimate by 703.32%, though the headline numbers carried an important asterisk. Revenue of $326.08 million fell just 0.27% short of the $326.97 million consensus and declined 4.2% from a year earlier, but profitability swung sharply higher thanks in large part to a $36.00 million benefit tied to IEEPA tariff matters, a non-recurring tailwind that lifted both GAAP and non-GAAP gross margins well above year-ago levels. Non-GAAP gross margin reached 34.7%, compared with a much weaker profile twelve months prior, while GAAP net loss narrowed to $8.40 million from $50.10 million. The quarter's strength, however, is shadowed by a steep guidance cut; for Q4 2026, SolarEdge projects revenue of $245 million to $275 million and non-GAAP gross margin of just 17% to 21%, reflecting what management described as persistent near-term demand softness, with the tariff benefit excluded from that outlook entirely.

Key Takeaways
  • $36.0 million benefit related to IEEPA tariff matters lifted gross margin
  • GAAP gross margin of 33.2% vs 21.2% in Q3 2025; non-GAAP gross margin of 34.7% vs 18.8%
  • Non-GAAP operating expenses held roughly flat at $88.8 million
  • Revenue down 5.8% sequentially and 4.1% year over year amid softer demand
  • Fifth consecutive quarter of positive free cash flow ($7.8 million)

“The SolarEdge team delivered third-quarter revenue of $326.1 million, at the midpoint of our guidance, with profitability in line with expectations.”

SolarEdge CEO, on the earnings call

What Is SolarEdge's Outlook?

For Q4 2026 (ending December 31, 2026), SolarEdge guides to revenue of $245 million–$275 million, non-GAAP gross margin of 17%–21%, and non-GAAP operating expenses of $87 million–$91 million. The guidance excludes potential IEEPA refunds in the fourth quarter. Management cited persistent near-term market uncertainty and softer demand, and is taking steps to reduce costs and support profitability while positioning for a market recovery and expanding into AI data center power infrastructure via SST technology.

SEDG YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$100.0M$200.0M$300.0M$340.2M$326.1MRevenue$57.6M$108.2MGross Profit$-980,110$-1,907,000Operating Income$-4,575,716$-8,385,000Net Income
$0$100.0M$200.0M$300.0MRevenueGross ProfitOperating IncomeNet Income
SEDG income statement, Q3 2026 versus Q3 2025
Metric Q3 2026 Q3 2025 Year over year
Revenue $326.1M $340.2M −4.2%
Gross Profit $108.2M $57.6M +88.0%
Operating Income −$1.9M −$980,110 +94.6%
Net Income −$8.4M −$4.6M +83.3%

Figures from SEC filings and company reports. Not investment advice.