SolarEdge Q1 revenue rises 46% and beats estimates

Solaredge Technologies

06/05/2026 12:05

Overview

Smart energy technology firm's Q1 revenue rose 46% yr/yr, beating analyst expectations

Co posted wider than expected adjusted loss per share

Company reported sixth consecutive quarter of margin expansion

Outlook

Solaredge expects Q2 revenue between $325 mln and $355 mln

Company expects Q2 non-GAAP gross margin in the range of 23% to 27%

Solaredge expects Q2 non-GAAP operating expenses between $86 mln and $91 mln

Result Drivers

ABSENCE OF ONE-TIME REVENUE - Q1 revenue did not include significant one-time or pull-forward of revenue from safe harbor or the 25D rush, which contributed to sequential revenue decline

ONE-TIME OPERATING EXPENSE - Operating loss was roughly flat with the prior quarter when excluding a one-time expense of approximately $14 mln

Company press release: ID:nBw6dr1n9a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$310.50 mln
$305.20 mln (19 Analysts)
Q1 Adjusted EPS
Miss
-$0.43
-$0.28 (20 Analysts)
Q1 EPS
-$0.95
Q1 Adjusted Net Income
Miss
-$26.30 mln
-$16.36 mln (16 Analysts)
Q1 Net Income
-$57.40 mln
Q1 Gross Margin
22.00%
Q1 Adjusted Operating Profit
Miss
-$24.80 mln
-$22.03 mln (11 Analysts)
Q1 Adjusted Gross Margin
23.50%
Q1 Operating Profit
-$55 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 21 "hold" and 5 "sell" or "strong sell"

The average consensus recommendation for the renewable energy equipment & services peer group is "buy."

Wall Street's median 12-month price target for Solaredge Technologies Inc is $36.00, about 19.4% below its May 5 closing price of $44.64

The stock recently traded at 74 times the next 12-month earnings vs. a P/E of 384 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.)