📈 Price History

Ratio Health

— Excellent

— Good

— Average

— Poor

By Category

📊 Sector Averages

About

SolarEdge Technologies, Inc., together with its subsidiaries, operates as an energy technology company in the United States, Europe, and internationally.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

See full financials →

📊 Quick Scorecard

Loading…

⭐ Superinvestors Holding SEDG

View All Superinvestors →

Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	476.6K	$24.3M	0.04%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management led with concrete progress across four turnaround pillars, provided specific revenue ($289M), gross margin (13.1%), and Q3 guidance ($315-355M, 15-19% gross margin). Repeated claims of positive trajectory and reduced tariff headwind from 4-6% to 2%.

Q3 2025

Confident Specific

Management repeatedly used phrases like 'strong third quarter', 'clear evidence of solid progress', 'very proud of the team' and provided concrete numbers (44% YoY revenue growth, 18.8% gross margin, $23M free cash flow) to support their turnaround narrative.

Q4 2025

Confident Specific

Management used upbeat, specific language: '70% year-over-year revenue growth', 'expanded margins for the fifth consecutive quarter', 'exceeded the top end of our margin guidance', '$77 million in free cash flow for the year'. The tone shifted from defensive in 2025 to offensive in 2026, but remained grounded in concrete metrics.

Q1 2026 latest

Confident Specific

Management repeatedly used phrases like 'firmly shifted to offense', 'clear line of sight to profitable growth', and 'multiple tailwinds'. Specific guidance numbers and milestones (e.g., Q2 midpoint EBIT loss ~$3.5M, Nexis production fully booked) reinforce a confident, data-backed tone.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. Management demonstrated tangible progress toward profitability (nearing EBIT breakeven in Q2), solid cash generation ($21M FCF despite higher inventory), and clear revenue growth drivers: Nexis, C&I market share via Domestic Content/FEOC, and a nascent AI data center opportunity. Key risks remain: Freedom Forever recovery ($100M lien, likely zero), customer credit stress ($14M doubtful debt), and slow US residential recovery due to tax equity delays. Watch next quarter for Nexis volume ramp, new Physical Work Test deal closings, any further bad debt provisions, and margin expansion from US-made exports to Europe.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED SolarEdge Q1 2026 revenue $310M, up 46% YoY; nearing break-even in Q2.

Revenue & Profitability

Q1 2026 non-GAAP revenue was $310M, up 46% year-over-year and down 7% quarter-over-quarter. Non-GAAP gross margin was 23.5% (up from 23.3% in Q4). Non-GAAP operating loss was $25M, or $11M excluding a $14M doubtful debt charge. Non-GAAP net loss was $26.3M ($0.43 per share). Cash and investments were $583M, with free cash flow of $21M. Q2 2026 guidance: revenue $325–$355M, gross margin 23%–27%, and an implied EBIT loss of ~$3.5M at the midpoint.

Outlook

Management noted a slow start to the U.S. residential market due to tax credit policy uncertainty and FEOC concerns, but expects a rebound as the market evolves toward 48E tax credits and higher battery attach rates. Europe saw a pickup in March and April driven by rising electricity prices. The company expects to approach operating break-even in Q2 and generate positive cash flow for the full year 2026.

Growth Drivers

Key growth levers include the Nexis platform (Q2 production fully booked by European customers), U.S. C&I market share gains (structural from domestic content and FEOC compliance), and increasing battery attach rates. The AI data center power solution represents a multi-billion dollar opportunity, with a working system in 2026, pilots in 2027, and broader rollout in 2028. Safe Harbor transactions (Physical Work Test) provide revenue visibility.

Balance Sheet & CapEx

Full-year 2026 capital expenditures are expected to be in the range of $60–$80 million. Key investments include increased U.S. production capacity for PV and batteries, a new headquarters in Israel (including advanced R&D facilities), the AI data center offering, and ongoing maintenance. Despite higher CapEx, management expects positive cash flow for the full year.

Margins

Non-GAAP gross margin improved to 23.5% in Q1 2026 from 23.3% in Q4, driven by favorable product mix and lower warranty costs. Q2 guidance implies gross margins of 23%–27%. Operating expenses were reduced to $84M (excluding a one-time charge) – below guidance. U.S. residential margins are highest; European margins are improving with U.S.-manufactured exports and Nexis. The company expects to approach operating break-even in Q2.

Key Risks

Key risks include: a $14M doubtful debt from a U.S. customer (not Freedom Forever), Freedom Forever's bankruptcy (net zero exposure but a $100M lien, recovery uncertain), slower tax equity funding for TPOs, the strengthening Israeli shekel impacting OpEx, and potential headwinds from tariff refund delays ($55M in potential IEEPA refunds not in guidance). Management does not see major exposure beyond these.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

🔍

🔎 See cross-company document search → ?

📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-05

Q2 2026 saw 20% year-over-year revenue growth and a return to non-GAAP operating profitability, driven by strong European demand and C&I market share gains. Guidance for Q3 anticipates seasonal declines, with continued focus on operational discipline and innovation.

Q1 2026 Q1 2026 2026-05-06

Q1 2026 revenue rose 46% year-over-year, with strong European demand and expanding margins. U.S. residential faced headwinds, but C&I and battery segments gained share. Q2 guidance targets $325–$355 million revenue and near-breakeven EBIT, with positive cash flow expected for 2026.

Q4 2025 Q4 2025 2026-02-18

Delivered 70% year-over-year Q4 revenue growth and expanded gross margin to 23%, with $77 million in 2025 free cash flow. Guidance for Q1 2026 anticipates continued growth and margin expansion, driven by new product rollouts and operational discipline.

Q3 2025 Q3 2025 2025-11-05

Q3 2025 saw 44% YoY revenue growth, margin expansion, and positive free cash flow, with strong U.S. and European performance. Guidance for Q4 remains robust, and new product launches and a strategic Infineon partnership position the company for future growth.

Q2 2025 Q2 2025 2025-08-07

Q2 saw strong revenue and margin growth, with improved cash flow and inventory reduction. Guidance for Q3 projects continued gains, aided by regulatory clarity and new product launches, while U.S. and C&I segments drive growth and Europe shows early recovery.

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯

Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.

📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.