SolarEdge Q3 revenue beats estimates, loss narrows

Solaredge Technologies

05/11/2025 12:19

Overview

SolarEdge Q3 revenue grows 18% qtr/qtr, beating analyst expectations

Adjusted loss per share beats analyst estimates, reflecting improved financial performance

Company reports reduced net loss and operating expenses qtr/qtr

Outlook

Company expects Q4 2025 revenue between $310 mln and $340 mln

Non-GAAP gross margin for Q4 2025 expected between 19% and 23%

Non-GAAP operating expenses for Q4 2025 expected between $85 mln and $90 mln

Result Drivers

INVERTER SHIPMENTS - Co recognized revenue from approximately 92.7 thousand inverters, contributing to revenue growth

GROSS MARGIN IMPROVEMENT - Co reports GAAP gross margin improved to 21.2% from 11.1% in prior qtr, despite 2% tariff impact

OPERATING EXPENSES REDUCTION - Co reduced GAAP operating expenses to $107.3 mln from $147.6 mln in prior qtr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$340.20 mln
$332.40 mln (17 Analysts)
Q3 Adjusted EPS
Beat
-$0.31
-$0.40 (18 Analysts)
Q3 EPS
-$0.84
Q3 Adjusted Net Income
Beat
-$18.30 mln
-$26.10 mln (12 Analysts)
Q3 Net Income
-$50.10 mln
Q3 Gross Margin
21.20%
Q3 Adjusted Operating Profit
Beat
-$23.80 mln
-$31.80 mln (11 Analysts)
Q3 Adjusted Gross Margin
18.80%
Q3 Operating Profit
-$35.20 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 22 "hold" and 8 "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 $25.00, about 27.3% below its November 4 closing price of $31.82

Press Release: ID:nBw4WnQha

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