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Q1 25 EPS
$-1.14
BEAT +1.69%
Est. $-1.16
Q1 25 Revenue
$219.5M
BEAT +7.47%
Est. $204.2M
vs S&P Since Q1 25
+250.6%
BEATING MARKET
SEDG +284.2% vs S&P +33.6%
Market Reaction
Did SEDG Beat Earnings? Q1 2025 Results
SolarEdge posted a tentative step forward in Q1 2025, beating both top and bottom-line estimates as the beleaguered solar inverter maker showed early signs that its painful restructuring may be gaining traction. Revenue came in at $219.48 million, up… Read more SolarEdge posted a tentative step forward in Q1 2025, beating both top and bottom-line estimates as the beleaguered solar inverter maker showed early signs that its painful restructuring may be gaining traction. Revenue came in at $219.48 million, up 7.4% year over year and ahead of the $204.23 million consensus by 7.47%, while a non-GAAP loss of $1.14 per share narrowly beat the $1.16 estimate. The most material driver behind the improvement was a dramatic recovery in gross margin, which flipped to positive 8.0% on a GAAP basis from negative 57.2% in Q4 2024, as the write-offs and inventory impairments that had ravaged prior quarters largely subsided. The company also posted a second consecutive quarter of positive free cash flow at $19.85 million, a stark contrast to the negative $243.37 million recorded a year ago. Still, with some analysts remaining deeply skeptical about the path to sustained profitability, the forward guidance will matter; management is projecting Q2 revenues of $265 million to $285 million, though flagged roughly two percentage points of gross margin headwind from new tariffs.
Key Takeaways
- • Second consecutive quarter of positive free cash flow generation
- • Sequential revenue increase of 12% from prior quarter
- • GAAP gross margin improvement to 8.0% from negative 57.2% in prior quarter
- • Significant reduction in operating expenses both GAAP and non-GAAP
- • Shipped 1,208 MW (AC) of inverters and 180 MWh of batteries for PV applications
SEDG YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
“I am pleased with the steady progress we made on the SolarEdge turnaround this quarter. We delivered a second straight quarter of positive free cash flow and are executing on our strategic priorities. Despite an uncertain tariff and regulatory environment, we remain relentlessly focused on elevating our execution across our business.”
— Shuki Nir, Q1 2025 Earnings Press Release
SEDG Earnings Trends
SEDG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SEDG EPS Trend
Earnings per share: estimate vs actual
SEDG Revenue Trend
Quarterly revenue: estimate vs actual
SEDG Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $-0.27 | $-0.43 | -59.85% | $310.5M | +1.65% |
| Q4 25 BEAT FY | $-0.23 | $-0.14 | +39.00% | $335.4M | +1.52% |
| FY Full Year | $-2.60 | $-2.38 | +8.29% | $1.18B | +0.54% |
| Q3 25 BEAT | $-0.42 | $-0.31 | +26.80% | $340.2M | +1.03% |
| Q2 25 BEAT | $-0.84 | $-0.81 | +3.49% | $289.4M | +5.44% |
| Q1 25 BEAT | $-1.16 | $-1.14 | +1.69% | $219.5M | +7.47% |