Germany's SMA Solar Q1 sales rise 4%, beat estimates

Sma Solar Technology AG

13/05/2026 06:06

Overview

Germany photovoltaic systems maker's Q1 sales rose 4% yr/yr, beating analyst expectations

Q1 EPS was –€0.05 as company posted a net loss

Management refined 2026 guidance to upper third of prior sales and EBITDA forecast ranges

Outlook

SMA Solar expects 2026 sales and EBITDA in the upper third of €1,475 mln–€1,675 mln and €50 mln–€180 mln ranges

Company anticipates strong sales increase in Home & Business Solutions division for full yr 2026

SMA Solar expects stronger revenue growth in Large Scale & Project Solutions division in H2 2026

Result Drivers

HOME & BUSINESS SOLUTIONS GROWTH - Significant sales and earnings improvement in Home & Business Solutions division, driven by restructuring measures and stabilizing demand

LARGE SCALE & PROJECT SOLUTIONS FLAT - Sales in Large Scale & Project Solutions division were unchanged, with EBIT down due to higher customs costs and lower capitalization of development costs

ONE-TIME ITEMS - EBITDA benefited from reversal of accruals for inventory write-downs and provisions, partly offset by a commission payment for a transformation project

Company press release: ID:nEQ8Kt4Rca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
EUR 340.9 mln
EUR 255.31 mln (3 Analysts)
Q1 EPS
-EUR 0.05
Q1 Free Cash Flow
-EUR 27 mln
Q1 Order Backlog
EUR 1.41 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for SMA Solar Technology AG is €43.00, about 28.7% below its May 12 closing price of €60.30

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)