SolarEdge says Q2 2026 non-GAAP operating profit driven by cost discipline, favorable mix and $13.3 million tariff refunds
SEDG•Regional trends and outlook
Europe revenue climbed 36% quarter over quarter to USD 154.4 million, while US revenue slipped 2% to USD 154.9 million amid soft residential demand.
Q3 revenue guidance is USD 310-340 million, reflecting expected European seasonality and limited US pickup; non-GAAP gross margin seen at 22%-26%.
Q2 revenue and margins improve
SolarEdge posted Q2 2026 revenue of USD 346.2 million, up 20% year over year, citing higher volumes without a material revenue pull-forward.
Non-GAAP gross margin rose to 28.6% from 23.5% sequentially, helped by cost controls, product mix, operating leverage, and USD 13.3 million tariff refunds.
Non-GAAP operating income was USD 10.2 million, the first operating profit in nearly three years, as non-GAAP operating expenses held at USD 88.5 million.
