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SolarEdge's Q2 adjusted loss of 81 cents beat estimates and improved from last year's $1.79 loss.
Q2 revenues rose 9.1% to $289.4M, topping estimates by 5.7% on stronger sales performance.
The adjusted operating loss narrowed to $48.3M as the gross profit surged and expenses declined.
Shares of SolarEdge Technologies, Inc. (SEDG - Free Report) rose 2.8% to $25.10 on Aug. 12, following the company’s second-quarter 2025 results.
SolarEdge reported a second-quarter 2025 adjusted loss of 81 cents per share, narrower than the Zacks Consensus Estimate of a loss of 82 cents. The bottom line also improved from the prior-year quarter’s loss of $1.79.
Barring one-time adjustments, the company incurred a GAAP loss of $2.13 per share compared with a GAAP loss of $2.31 in the year-ago period.
The year-over-year improvement in the bottom line can be attributed to higher revenues, significantly improved gross profit and lower operating expenses incurred in the second quarter compared with the prior-year quarter.
SEDG’s Revenues
The company’s revenues of $289.4 million surpassed the Zacks Consensus Estimate by 5.7%. The top line also increased 9.1% from the year-ago quarter’s $265.4 million.
SolarEdge Technologies, Inc. Price, Consensus and EPS Surprise
SolarEdge Technologies shipped a total of 1,194 megawatt-alternate current (MWac) of inverters and 247 megawatt-hours of batteries in the second quarter.
The company reported an adjusted gross profit of $36.9 million compared with the adjusted gross profit of $0.5 million in the prior-year period.
Adjusted operating expenses declined 25.8% year over year to $85.2 million.
SEDG incurred an adjusted operating loss of $48.3 million compared with an operating loss of $114.3 million in the prior-year quarter.
SEDG’s Financial Performance
As of June 30, 2025, SolarEdge Technologies had cash and cash equivalents worth $545.2 million compared with $274.6 million as of Dec. 31, 2024.
The net cash inflow from operating activities during the first six months of 2025 amounted to $26 million against the cash outflow of $261.8 million recorded a year ago.
As of June 30, 2025, total long-term liabilities were $960.5 million, 3.2% higher than the figure reported at the end of 2024.
SEDG’s Q3 2025 Guidance
SEDG expects revenues in the range of $315-$355 million for the third quarter of 2025. The Zacks Consensus Estimate is pegged at $332.8 million, lower than the midpoint of the company’s guided range.
Adjusted operating expenses are projected in the range of $85-$90 million, while the adjusted gross margin is expected between 15% and 19%.
First Solar, Inc. (FSLR - Free Report) reported second-quarter 2025 earnings of $3.18 per share, which were down 2.2% from the prior-year quarter’s figure of $3.25. However, the bottom line surpassed the Zacks Consensus Estimate of $2.68 by 18.7%.
First Solar’s second-quarter net sales were $1.10 billion, which beat the Zacks Consensus Estimate of $1.03 billion by 6.6%. The top line also improved 8.6% from the year-ago quarter’s $1.01 billion.
Enphase Energy, Inc. (ENPH - Free Report) reported second-quarter 2025 adjusted earnings of 69 cents per share, which increased 60.5% from 43 cents reported in the prior-year quarter. The bottom line also surpassed the Zacks Consensus Estimate of 62 cents by 11.3%.
Enphase Energy’s second-quarter revenues of $363.2 million outpaced the Zacks Consensus Estimate of $357 million by 1.9%. The top line also rose 19.7% from the prior-year quarter’s reported figure of $303.5 million.
An Upcoming Solar Release
Canadian Solar, Inc. (CSIQ - Free Report) is scheduled to report second-quarter 2025 results on Aug. 21, before market open. The Zacks Consensus Estimate for CSIQ’s earnings is pegged at $1.14 per share.
The consensus estimate for sales stands at $1.92 billion, which implies year-over-year growth of 17.3%.
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SolarEdge Technologies Q2 Earnings Beat, Revenues Increase Y/Y
Key Takeaways
Shares of SolarEdge Technologies, Inc. (SEDG - Free Report) rose 2.8% to $25.10 on Aug. 12, following the company’s second-quarter 2025 results.
SolarEdge reported a second-quarter 2025 adjusted loss of 81 cents per share, narrower than the Zacks Consensus Estimate of a loss of 82 cents. The bottom line also improved from the prior-year quarter’s loss of $1.79.
Barring one-time adjustments, the company incurred a GAAP loss of $2.13 per share compared with a GAAP loss of $2.31 in the year-ago period.
The year-over-year improvement in the bottom line can be attributed to higher revenues, significantly improved gross profit and lower operating expenses incurred in the second quarter compared with the prior-year quarter.
SEDG’s Revenues
The company’s revenues of $289.4 million surpassed the Zacks Consensus Estimate by 5.7%. The top line also increased 9.1% from the year-ago quarter’s $265.4 million.
SolarEdge Technologies, Inc. Price, Consensus and EPS Surprise
SolarEdge Technologies, Inc. price-consensus-eps-surprise-chart | SolarEdge Technologies, Inc. Quote
SEDG’s Operational Highlights
SolarEdge Technologies shipped a total of 1,194 megawatt-alternate current (MWac) of inverters and 247 megawatt-hours of batteries in the second quarter.
The company reported an adjusted gross profit of $36.9 million compared with the adjusted gross profit of $0.5 million in the prior-year period.
Adjusted operating expenses declined 25.8% year over year to $85.2 million.
SEDG incurred an adjusted operating loss of $48.3 million compared with an operating loss of $114.3 million in the prior-year quarter.
SEDG’s Financial Performance
As of June 30, 2025, SolarEdge Technologies had cash and cash equivalents worth $545.2 million compared with $274.6 million as of Dec. 31, 2024.
The net cash inflow from operating activities during the first six months of 2025 amounted to $26 million against the cash outflow of $261.8 million recorded a year ago.
As of June 30, 2025, total long-term liabilities were $960.5 million, 3.2% higher than the figure reported at the end of 2024.
SEDG’s Q3 2025 Guidance
SEDG expects revenues in the range of $315-$355 million for the third quarter of 2025. The Zacks Consensus Estimate is pegged at $332.8 million, lower than the midpoint of the company’s guided range.
Adjusted operating expenses are projected in the range of $85-$90 million, while the adjusted gross margin is expected between 15% and 19%.
SEDG’s Zacks Rank
SolarEdge currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Solar Releases
First Solar, Inc. (FSLR - Free Report) reported second-quarter 2025 earnings of $3.18 per share, which were down 2.2% from the prior-year quarter’s figure of $3.25. However, the bottom line surpassed the Zacks Consensus Estimate of $2.68 by 18.7%.
First Solar’s second-quarter net sales were $1.10 billion, which beat the Zacks Consensus Estimate of $1.03 billion by 6.6%. The top line also improved 8.6% from the year-ago quarter’s $1.01 billion.
Enphase Energy, Inc. (ENPH - Free Report) reported second-quarter 2025 adjusted earnings of 69 cents per share, which increased 60.5% from 43 cents reported in the prior-year quarter. The bottom line also surpassed the Zacks Consensus Estimate of 62 cents by 11.3%.
Enphase Energy’s second-quarter revenues of $363.2 million outpaced the Zacks Consensus Estimate of $357 million by 1.9%. The top line also rose 19.7% from the prior-year quarter’s reported figure of $303.5 million.
An Upcoming Solar Release
Canadian Solar, Inc. (CSIQ - Free Report) is scheduled to report second-quarter 2025 results on Aug. 21, before market open. The Zacks Consensus Estimate for CSIQ’s earnings is pegged at $1.14 per share.
The consensus estimate for sales stands at $1.92 billion, which implies year-over-year growth of 17.3%.