SolarEdge Q2 revenue $346.2M (+20% YoY); GAAP loss narrows, non-GAAP operating profit $10.2M

SOLAREDGE TECHNOLOGIES, INC.

GAAP revenue $346.2M, up 20% YoY; GAAP gross margin 27.5% vs 11.1% YoY, includes $13.3M IEEPA tariff benefit.
GAAP operating loss narrowed to $16.0M from $115.5M loss YoY; GAAP net loss $30.8M vs $124.7M loss YoY.
Non-GAAP operating income $10.2M (first since Q2 2023); non-GAAP net income $3.6M; non-GAAP EPS $0.05.
Free cash flow positive $3.1M vs negative $9.1M YoY; cash net of debt $264.6M, up $20.4M from Dec 2025.
Q3 2026 guidance: revenue $310M-$340M, non-GAAP gross margin 22%-26%; including $11.5M July IEEPA refunds implies non-GAAP operating profit.

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