SolarEdge Technologies beats top-line and bottom-line estimates; initiates Q3 outlook

SolarEdge Technologies press release (NASDAQ:SEDG): Q2 Non-GAAP EPS of -$0.81 beats by $0.03.
Revenue of $289.4M (+9.0% Y/Y) beats by $14.91M.
Non-GAAP revenues², which exclude $8.4 million of revenues related to discontinued operations, were $281.0 million, up 32% from $212.1 million the prior quarter.
The company shipped 1,194 MW of inverters and 247 MWh of batteries for PV applications.
Cash used in operating activities was $7.8 million, compared with $33.8 million provided by operating activities in the prior quarter.

Free cash flow²used, was $9.1 million, compared with $19.8 generated in the prior quarter.

As of June 30, 2025, our cash and investments portfolio totaled grew by $18.6 million to $131.8 million, net of debt, compared to $113.2 million as of December 31, 2024.

Outlook for the Third Quarter 2025

The Company also provides guidance for the third quarter ending September 30, 2025 as follows:
- Revenues to be within the range of $315 million to $355 million vs $304.33M consensus;
- Non-GAAP gross margin* expected to be within the range of 15% to 19%, including approximately 2% of new tariff impact;
- Non-GAAP operating expenses* to be within the range of $85 million to $90 million.

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