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Q2 25 EPS
$-0.81
BEAT +3.49%
Est. $-0.84
Q2 25 Revenue
$289.4M
BEAT +5.44%
Est. $274.5M
vs S&P Since Q2 25
+112.2%
BEATING MARKET
SEDG +130.4% vs S&P +18.1%
Market Reaction
Did SEDG Beat Earnings? Q2 2025 Results
SolarEdge Technologies posted a credible beat across the board in Q2 2025, signaling that its multi-quarter turnaround is gaining traction. The solar inverter maker reported a non-GAAP loss of $0.81 per share, edging past the consensus estimate of $0… Read more SolarEdge Technologies posted a credible beat across the board in Q2 2025, signaling that its multi-quarter turnaround is gaining traction. The solar inverter maker reported a non-GAAP loss of $0.81 per share, edging past the consensus estimate of $0.84 by 3.49%, while revenue of $289.43 million topped expectations by 5.44% and grew 9.1% year over year. The single most material driver was a sharp sequential revenue recovery, with sales surging 32% from $219.48 million in Q1 as inverter shipments reached 1,194 MW, allowing the company to demonstrate meaningful operating leverage; non-GAAP gross margin expanded to 13.1% from 7.8% the prior quarter despite an approximately 1% tariff drag. The improving margin trajectory gives management confidence heading into Q3, where SolarEdge guided revenue of $315 million to $355 million and non-GAAP gross margin of 15% to 19%, even as tariff headwinds are expected to intensify modestly, with CEO Shuki Nir emphasizing disciplined execution as the company scales toward profitability.
Key Takeaways
- • Second consecutive quarter of year-over-year and sequential revenue growth
- • Non-GAAP gross margin expansion from 7.8% to 13.1% sequentially
- • Non-GAAP operating expenses reduced from $89.1 million to $85.2 million sequentially
- • Shipped 1,194 MW (AC) of inverters and 247 MWh of batteries for PV applications
- • Non-GAAP net loss per share improved from -$1.14 to -$0.81 sequentially
SEDG YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
“I'm proud of the steady progress we made in turning SolarEdge around this quarter. This was our second consecutive quarter of year-over-year and sequential revenue growth, along with margin expansion. We are staying laser focused on elevating our execution and advancing our strategic priorities, positioning SolarEdge for the opportunities we see ahead.”
— Shuki Nir, Q2 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% |