SolarEdge sees Q3 2026 revenue between $310 mln and $340 mln
Company expects Q3 2026 non-GAAP gross margin of 22% to 26%
SolarEdge projects Q3 2026 non-GAAP operating expenses of $86 mln to $91 mln
Overview
Smart energy tech firm's Q2 revenue rose 20% yr/yr
Adjusted net income and adjusted operating profit for Q2 both beat analyst expectations
Company saw strong demand in Europe and U.S. C&I, offsetting U.S. residential weakness
Result drivers
European and U.S. C&I demand - Co said strong demand in Europe and U.S. commercial and industrial segments offset softness in U.S. residential
Gross margin expansion - Q2 gross margin rose, helped by a $13.3 mln benefit from IEEPA tariff matters
Lower operating expenses - Co reported reduced operating expenses yr/yr, contributing to improved profitability
Analyst coverage and valuation
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 21 "hold" and 6 "sell" or "strong sell"
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