SolarEdge Q3 revenue declines 4.1% to $326.1 million

SolarEdge Technologies (NASDAQ:SEDG) reported third-quarter 2026 revenue of $326.1 million, down 4.1%, although adjusted earnings exceeded Wall Street expectations.

Revenue declined from $340.2 million a year earlier, while non-GAAP earnings improved to $0.29 per share from a $0.31 loss.

GAAP gross margin increased to 33.2% from 21.2%, benefiting from $36 million in tariff-related adjustments, while GAAP net loss narrowed to $8.4 million.

SolarEdge forecast fourth-quarter revenue of $245 million–$275 million, below analysts' $317.7 million consensus, sending shares down 8.76% to $30 in premarket trading.

The company recorded 388 megawatt-hours of battery shipments recognized as revenue and generated $7.8 million in free cash flow, its fifth consecutive positive quarter.

SolarEdge is expanding its Nexis energy platform and developing solid-state transformer technology for AI data centers while reducing costs amid softer residential solar demand.Copy

Editorial note: Financial results, Shuki Nir's quotation and fourth-quarter guidance were verified against SolarEdge's November 4, 2026 earnings release. Analyst estimates and the $30 premarket trading price were checked against Investing.com's November 4 earnings coverage. Non-GAAP earnings and free cash flow are alternative performance measures. The reported gross margin includes a $36 million benefit related to IEEPA tariff matters, which should not be treated as recurring operating improvement. The stock movement reflects premarket trading, not a confirmed closing price.