European Investor
05 Nov 2025, 20:16
SolarEdge Reports Third Quarter 2025 Results with Strong Revenue Growth and Margin Recovery
SolarEdge Technologies reported third quarter 2025 revenues of 340.2 million dollars, an 18 percent increase from the previous quarter, marking the company’s third consecutive quarter of revenue growth. Non-GAAP revenue rose 21 percent to 339.7 million dollars. The company recognized revenue from approximately 92,700 inverters, 2.95 million power optimizers, and 230 megawatt-hours of PV batteries during the quarter.
GAAP gross margin improved sharply to 21.2 percent from 11.1 percent in the prior quarter, while non-GAAP gross margin rose to 18.8 percent from 13.1 percent, despite a two percent negative impact from tariffs. GAAP operating expenses dropped to 107.3 million dollars from 147.6 million dollars, while non-GAAP operating expenses were 87.7 million dollars. This led to a GAAP operating loss of 35.2 million dollars, a major improvement from 115.5 million dollars previously.
The company posted a GAAP net loss of 50.1 million dollars, or 0.84 dollars per share, compared with a 124.7 million dollar loss, or 2.13 dollars per share, in the prior quarter. Non-GAAP net loss narrowed to 18.3 million dollars, or 0.31 dollars per share, from 47.7 million dollars, or 0.81 dollars per share. Operating cash flow turned positive at 25.6 million dollars, while free cash flow reached 22.8 million dollars. Cash and investments, net of debt, grew by 77 million dollars to 208.8 million dollars at quarter-end.
CEO Shuki Nir said SolarEdge is making “steady progress” in its turnaround, with improving margins and sustained revenue growth positioning the company for long-term profitability and leadership in smart energy solutions.
For the fourth quarter of 2025, SolarEdge expects revenues between 310 million and 340 million dollars, non-GAAP gross margin between 19 and 23 percent (including about a two percent tariff impact), and non-GAAP operating expenses of 85 to 90 million dollars.
SolarEdge Technologies reported third quarter 2025 revenues of 340.2 million dollars, an 18 percent increase from the previous quarter, marking the company’s third consecutive quarter of revenue growth. Non-GAAP revenue rose 21 percent to 339.7 million dollars. The company recognized revenue from approximately 92,700 inverters, 2.95 million power optimizers, and 230 megawatt-hours of PV batteries during the quarter.
GAAP gross margin improved sharply to 21.2 percent from 11.1 percent in the prior quarter, while non-GAAP gross margin rose to 18.8 percent from 13.1 percent, despite a two percent negative impact from tariffs. GAAP operating expenses dropped to 107.3 million dollars from 147.6 million dollars, while non-GAAP operating expenses were 87.7 million dollars. This led to a GAAP operating loss of 35.2 million dollars, a major improvement from 115.5 million dollars previously.
The company posted a GAAP net loss of 50.1 million dollars, or 0.84 dollars per share, compared with a 124.7 million dollar loss, or 2.13 dollars per share, in the prior quarter. Non-GAAP net loss narrowed to 18.3 million dollars, or 0.31 dollars per share, from 47.7 million dollars, or 0.81 dollars per share. Operating cash flow turned positive at 25.6 million dollars, while free cash flow reached 22.8 million dollars. Cash and investments, net of debt, grew by 77 million dollars to 208.8 million dollars at quarter-end.
CEO Shuki Nir said SolarEdge is making “steady progress” in its turnaround, with improving margins and sustained revenue growth positioning the company for long-term profitability and leadership in smart energy solutions.
For the fourth quarter of 2025, SolarEdge expects revenues between 310 million and 340 million dollars, non-GAAP gross margin between 19 and 23 percent (including about a two percent tariff impact), and non-GAAP operating expenses of 85 to 90 million dollars.