SolarEdge Q3 Revenue Jumps 44.5% to $340.2M Despite EBITDA Shortfall
SolarEdge posted Q3 revenues of $340.2 million, up 44.5%, beating estimates by 1.7% and shipping 1,471 megawatts, up 73.1%, but fell short of EBITDA targets and offered weaker guidance. Analysts forecast Q4 revenue of $328 million, up 67.2%, and an adjusted loss of $0.23 per share.
1. Q3 Financial Performance
SolarEdge generated $340.2 million in Q3 revenue, a 44.5% increase year over year that surpassed consensus by 1.7%. Shipments rose 73.1% to 1,471 MW, but margin pressures led to an EBITDA miss and subdued profitability.
2. Q4 Outlook and Analyst Estimates
Management provided quarterly guidance below analysts’ expectations, forecasting $328 million in revenue (a projected 67.2% increase) and an adjusted loss of $0.23 per share. Analysts have largely maintained estimates, reflecting confidence in the revenue ramp despite margin headwinds.
3. Sector Comparison and Market Reaction
Bloom Energy and American Superconductor reported Q4 revenue growth of 35.9% and 21.4% respectively, with mixed market responses of +4.7% and -6%. SolarEdge stock has rallied 10% over the past month, reflecting positive renewable energy sentiment and a $32.52 average price target.