SEDG earnings analysis
What we found in SEDG's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
SolarEdge Technologies reported Q1 2026 revenues of $310.5 million, marking a 41.5% increase compared to $219.5 million in Q1 2025, supported by better demand for batteries and power optimizers. However, the company recorded an EPS of -0.43, disappointing versus the consensus estimate of -0.32, but showing an improvement from -0.70 a year ago, reflecting continued efforts to manage costs and restructure operations.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Increased Significantly
- Revenue rose to $310.5M in Q1 2026, up 41.5% from $219.5M in Q1 2025.
- Improved Gross Margin
- Gross margin improved to 22.0%, up from 8.0% in Q1 2025, indicating better pricing and product mix.
- Decreased Net Loss
- Net loss reduced to $57.4 million from $98.5 million year-over-year, a 41.8% improvement.
- Operating Cash Flow Positive
- Operating cash flow was $24.4 million in Q1 2026, though down from $33.8 million in Q1 2025.
- Segment Focus on Core Products
- Management continues to streamline operations, focusing on high-potential markets and products.
- Strategic Partnership Growth
- Continued growth in power optimizer sales, contributing an additional $35.9 million to revenue.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Ongoing Negative EPS
- EPS reported was -0.43, disappointing relative to the -0.32 consensus estimate.
- Geopolitical Uncertainty Impacting Business
- Conflicts in Israel could affect operations, with 6.8% of workforce called to military duty in Q1 2026.
- Supply Chain Vulnerabilities
- Continued disruptions due to global trade tensions and tariff uncertainties could affect profitability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.43
- Gross margin
- 22.0%
- Segment
- Power Optimizers
- Segment
- Batteries
- Segment
- Solar Products
What they said about what is next.
Management has not provided explicit numerical guidance in this filing.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 25, 2026
- SolarEdge describes a strategy centered on its DC-optimized inverter system, module-level Power Optimizers, and the SolarEdge ONE energy-management platform while expanding into batteries, EV chargers and VPP/grid…
- 10-Q · August 7, 2025
- Q2 2025 results show revenue and gross-margin inflection: revenue of $289.43M (up $24.02M vs Q2 2024) and positive gross profit of $32.13M (11.1% margin) versus a gross loss in prior year. Operating loss narrowed to…
- 10-Q · November 7, 2024
- SolarEdge reported a sharp quarter-over-quarter deterioration: Q3 revenue fell to $260,903,000 and the company posted a net loss of $1,205,321,000 (EPS -$21.13). Management recorded massive inventory write-downs and…
- 10-Q · August 7, 2024
- SolarEdge Technologies reported significant declines in revenue and net income for the second quarter of 2024 compared to the same quarter in 2023, reflecting ongoing demand challenges in the solar market. Revenue…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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