Revenue: As of FY2026 Q2, the actual value is USD 346.25 M, beating the estimate of USD 341.16 M.

EPS: As of FY2026 Q2, the actual value is USD -0.5, missing the estimate of USD -0.3538.

EBIT: As of FY2026 Q2, the actual value is USD -16.05 M.

Revenue

SolarEdge Technologies, Inc. reported GAAP revenues of $346.2 million for the second quarter of 2026, an increase of 19.6% from $289.4 million in the second quarter of 2025. Non-GAAP revenues were $345.5 million, up 23.0% from $281.0 million in the second quarter of 2025.

Gross Margin

GAAP gross margin for the second quarter of 2026 was 27.5%, significantly up from 11.1% in the second quarter of 2025. This included a benefit of $13.3 million related to IEEPA tariff matters. Non-GAAP gross margin was 28.6%, compared to 13.1% in the second quarter of 2025, also including a $13.3 million benefit from IEEPA tariff matters.

Operating Expenses

GAAP operating expenses were $111.2 million in the second quarter of 2026, down from $147.6 million in the second quarter of 2025. Non-GAAP operating expenses were $88.5 million, compared to $85.2 million in the second quarter of 2025.

Operating Income (Loss)

SolarEdge Technologies, Inc. reported a GAAP operating loss of - $16.0 million in the second quarter of 2026, a significant improvement from a GAAP operating loss of - $115.5 million in the second quarter of 2025. The company achieved non-GAAP operating income of $10.2 million in the second quarter of 2026, a turnaround from a non-GAAP operating loss of - $48.3 million in the second quarter of 2025.

Net Income (Loss)

GAAP net loss was - $30.8 million in the second quarter of 2026, an improvement from - $124.7 million in the second quarter of 2025. Non-GAAP net income was $3.6 million, compared to a non-GAAP net loss of - $47.7 million in the second quarter of 2025.

Free Cash Flow

Free cash flow was $3.1 million in the second quarter of 2026, compared to - $9.1 million in the second quarter of 2025.

Cash and Investments Portfolio

As of June 30, 2026, the cash and investments portfolio, net of debt, grew by $20.4 million to $264.6 million, up from $244.2 million as of December 31, 2025.

Outlook for the Third Quarter of 2026

For the third quarter ending September 30, 2026, SolarEdge Technologies, Inc. provides guidance for revenue between $310 million and $340 million. The company expects non-GAAP gross margin to be between 22% and 26%, and non-GAAP operating expenses are projected to range from $86 million to $91 million. The midpoint of this guidance implies a non-GAAP operating profit when including $11.5 million of IEEPA refunds received in July.