- SolarEdge Technologies press release (SEDG): Q4 Non-GAAP EPS of -$0.14 beats by $0.09.
- Revenue of $335.36M (+70.9% Y/Y) beats by $5.03M.
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Non-GAAP revenues1 were $333.8 million, down 1.8% from $339.7 million the prior quarter.
Fourth quarter revenue does not include significant one-time or pull forward of revenue from safe harbor nor from the 25D rush towards the end of the year.
During the quarter approximately 98.8 thousand inverters, 2.87 million optimizers and 280 MWh of batteries for PV applications were recognized as revenue.
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Non-GAAP gross margin1 was 23.3%, compared to 18.8% in the prior quarter.
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Non-GAAP operating loss1 was $11.0 million, compared to $23.8 million in the prior quarter.
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Cash flow from operating activities was $52.6 million, compared with $25.6 million in the prior quarter.
Free cash flow1 generated was $43.3 million, compared to $22.8 million in the prior quarter.
As of December 31, 2025, our cash and investments portfolio, net of debt, grew by $35.4 million to $244.2 million, compared to $208.8 million as of September 30, 2025.
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Outlook for the First Quarter 2026
The Company also provides guidance for the first quarter ending March 31, 2026 as follows:
- Revenues to be within the range of $290 million to $320 million consensus of $292.44; this range does not include significant one-time or pull forward of revenue.
- Non-GAAP gross margin* expected to be within the range of 20% to 24%
- Non-GAAP operating expenses* to be within the range of $88 million to $93 million.
SolarEdge Technologies beats top-line and bottom-line estimates; initiates Q1 outlook
