SolarEdge Sees Fourth-Quarter Revenue of $245 Million to $275 Million
Key Facts
SolarEdge Technologies reported third-quarter 2026 results, posting earnings per share of $0.29, compared with analysts’ estimate of $0.03, and revenue of $326.1 million. Revenue fell short of analysts’ consensus of $331.12 million, according to Investing.com. The figures put earnings above estimates, while revenue missed them. Before the announcement, analysts had expected revenue of $331.1 million for the quarter ended September 30, according to an earlier Investing.com report. They also expected revenue to decline 2.7% year over year.
The results follow a second quarter in which revenue reached $346.2 million, up 20% year over year, according to the company. Third-quarter revenue was therefore below the prior quarter’s revenue, which SolarEdge described as showing annual growth. CEO Shuki Nir said in the second-quarter statement that revenue grew 20% year over year and that the company returned to non-GAAP operating profitability for the first time since the second quarter of 2023. The statement said strong demand in Europe and strength in the U.S. commercial and industrial markets offset weakness in the U.S. residential solar segment at the time. This puts the third-quarter results in the context of a prior quarter marked by revenue growth and improved non-GAAP operating profitability.
SolarEdge set fourth-quarter 2026 revenue at $245 million to $275 million, compared with analysts’ consensus of $317.70 million, according to Investing.com. The company’s range is below analysts’ estimate, and its upper end is below third-quarter revenue of $326.1 million. The guidance follows analysts’ expectation that third-quarter revenue would decline 2.7% year over year, according to the earlier Investing.com report. In that report, analysts estimated third-quarter revenue at $331.1 million; the consensus cited in the results report was $331.12 million. The two figures should be attributed to their respective Investing.com reports and periods: the first was an estimate before the announcement, while the second was consensus cited in the results report.
SolarEdge shares touched $28.11 on October 28, their lowest level in a year, according to Investing.com. In the session before the results announcement, on November 3, the stock closed at $32.88, according to EL7 data. The third-quarter results were announced on November 4, the same day the company had scheduled its earnings call. The company said management would hold the call at 8:00 a.m. U.S. Eastern Time. The call follows the release of the results and guidance, giving management an opportunity to present them at the previously announced time.