The earnings call highlighted significant progress in revenue growth, gross margin improvement, and strategic partnerships, particularly in the U.S. market. However, challenges persist with non-GAAP operating losses, tariff impacts, and European market share. The sentiment is cautiously optimistic with positive trends outweighing the negatives.

Company Guidance -

Q3 2025

During the earnings call held on August 7, 2025, SolarEdge provided guidance for the third quarter of 2025, projecting revenues between $315 million to $355 million and a non-GAAP gross margin ranging from 15% to 19%, including an approximate 2% impact from new tariffs. The company expects non-GAAP operating expenses to be between $85 million and $90 million. SolarEdge also highlighted a positive outlook for free cash flow for the full year 2025, contrasting the $9 million use of free cash flow in Q2. Additionally, the company discussed the impact of the One Big Beautiful Bill Act, which supports their U.S. manufacturing strategy by preserving the 45X advanced manufacturing credit for the next seven years, and noted that recent changes in tariffs are expected to reduce gross margin headwind to approximately 2%, down from a previous expectation of 4% to 6%.

Revenue Growth

Total revenues for the second quarter were $289 million, with non-GAAP revenues at $281 million. This represents quarter-over-quarter and year-over-year top line growth.

Gross Margin Improvement

Non-GAAP gross margin increased to 13.1% compared to 7.8% in Q1. The gross margin improvement was driven by higher revenue, increased U.S. production volume, and favorable regional mix.

Strong U.S. Market Performance

Revenues from the U.S. amounted to $185 million, representing 66% of non-GAAP revenues, indicating strong performance in the U.S. market.

Positive Free Cash Flow Projection

The company expects free cash flow to be positive for the full year 2025, with $10.8 million generated in the first half of the year.

European Market Share Gains

Initial market share gains in Europe were reported in Q2, with most distribution partners reaching normalized inventory levels.

Strategic Partnerships

New agreements with Solar Landscape and a leading U.S. retailer indicate valuable partnerships, potentially enhancing market position.

SolarEdge Technologies (DE:2ED) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:2ED Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	-0.41 / -	-13.107	―	―	―
Aug 07, 2025	2025 (Q2)	-0.75 / -0.69	-1.53	54.75% (+0.84)	―
May 06, 2025	2025 (Q1)	-0.99 / -0.97	-1.624	40.00% (+0.65)
Feb 19, 2025	2024 (Q4)	-1.29 / -3.01	-0.787	-282.61% (-2.22)
Nov 06, 2024	2024 (Q3)	-1.40 / -13.11	-0.47	-2687.27% (-12.64)
Aug 07, 2024	2024 (Q2)	-1.32 / -1.53	2.24	-168.32% (-3.77)
May 08, 2024	2024 (Q1)	-1.33 / -1.62	2.479	-165.52% (-4.10)
Feb 20, 2024	2023 (Q4)	-1.14 / -0.79	2.445	-132.17% (-3.23)
Nov 01, 2023	2023 (Q3)	0.76 / -0.47	0.778	-160.44% (-1.25)
Aug 01, 2023	2023 (Q2)	2.16 / 2.24	0.812	175.79% (+1.43)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:2ED Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	€22.09	€21.72	-1.67%
May 06, 2025	€11.23	€13.06	+16.35%
Feb 19, 2025	€16.24	€19.24	+18.46%
Nov 06, 2024	€14.12	€13.80	-2.28%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.