Description

SolarEdge’s $346 Million Quarter — Can Six Straight Margin Gains Continue?

The results presented by SolarEdge Technologies, Inc. for the second quarter ended June 30, 2026, demonstrate a continuation of the company’s transformation efforts with growth and operational improvements tempered by ongoing market headwinds. Revenues increased 20% year-over-year to $346 million, marking the sixth consecutive quarter of gross margin expansion, with non-GAAP gross margin improving to 28.6%, aided partly by a $13.3 million benefit from IEEPA tariff refunds. Notably, SolarEdge achieved non-GAAP operating profitability for the first time in nearly three years, supported by disciplined expense management and operational efficiency. However, the company anticipates a sequential revenue decline in the third quarter to a range of $310 million to $340 million, largely due to seasonality in Europe and ongoing softness in the U.S.