SolarEdge Technologies (SEDG) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and SolarEdge published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. SolarEdge reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Q3 2026 gross margin includes a $36.0 million benefit from refunds of IEEPA tariffs, recognized as a reduction to cost of revenues after the Supreme Court invalidated those tariffs on February 20, 2026.
• Q4 2025 GAAP net loss included a one-time, non-cash $70.5 million finance expense tied to the liquidation of SolarEdge's Korean business entity.

Source: SolarEdge Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How SolarEdge splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• SolarEdge's Power optimizers revenue was $93.8 million in Q3 2026, down 30% from $134 million in Q3 2025, 29% of total revenue.
• SolarEdge's Batteries revenue was $122 million in Q3 2026, up 57% from $77.7 million in Q3 2025, 37% of total revenue.
• SolarEdge's Inverters revenue was $66.2 million in Q3 2026, down 34% from $100.0 million in Q3 2025, 20% of total revenue.
• SolarEdge's Battery accessories revenue was $18.2 million in Q3 2026, up 37% from $13.2 million in Q3 2025, 6% of total revenue.
• SolarEdge's Other revenue was $26.3 million in Q3 2026, up 72% from $15.3 million in Q3 2025, 8% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

SolarEdge's Q4 2026 guidance table: revenue of $245 million to $275 million, non-GAAP gross margin of 17% to 21%, and non-GAAP operating expenses of $87 million to $91 million.

In its Q3 2026 release, SolarEdge said:

“The Company provides the following guidance for the fourth quarter ending December 31, 2026.”

“This guidance excludes potential IEEPA refunds in the fourth quarter.”

Source: SolarEdge Q3 2026 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the SEDG forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenues and GAAP diluted loss per share, each as first reported in that quarter's release.

We do not hold a confirmed date for SolarEdge's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 4, 2026

SolarEdge's GAAP revenues were $326.1 million in Q3 2026, down 5.8% from the prior quarter and 4.1% from Q3 2025. The 10-Q puts the year-over-year decline down to $73.8 million less from inverters and optimizers, partly offset by $48.8 million more from batteries and battery accessories and $9.9 million more from ancillary solar products. (SolarEdge Q3 2026 release, Nov 4, 2026; SolarEdge Form 10-Q, Q3 2026, Nov 5, 2026)

Batteries are now SolarEdge's largest product line: $121.7 million in the quarter, against $77.7 million a year earlier. Power optimizers brought in $93.8 million, down from $133.9 million, and inverters $66.2 million, down from $100.0 million. Battery megawatt hours recognized as revenue rose 68.7% to about 388.0, while optimizer units fell 20.1% to about 2.4 million and inverter units fell 6.8% to about 86.4 thousand. (SolarEdge Form 10-Q, Q3 2026, Nov 5, 2026)

Revenues from outside the U.S. were 55.3% of SolarEdge's total in Q3 2026, against 40.3% a year earlier. Sales are concentrated: three major customers accounted for about 32.3% of revenues in the quarter, against one customer at about 23.1% a year earlier. (SolarEdge Form 10-Q, Q3 2026, Nov 5, 2026)

SolarEdge reports one segment, built on its DC-optimized inverter solution: power optimizers, inverters, batteries and energy management products for residential and commercial installations. In the quarter it continued rolling out its SolarEdge Nexis residential platform and ramping its commercial storage batteries, and CEO Shuki Nir said the company is accelerating work on solid-state transformer technology for AI data center power. (SolarEdge Form 10-Q, Q3 2026, Nov 5, 2026; SolarEdge Q3 2026 release, Nov 4, 2026)

SolarEdge's GAAP diluted loss was $0.14 per share in Q3 2026, against a loss of $0.84, while non-GAAP diluted EPS was $0.29, against a loss of $0.31. The largest adjustment is stock-based compensation, worth $0.38 per share in the quarter; non-GAAP results also exclude non-cash interest expense ($0.09 per share), losses from asset sales, currency effects and other items. (SolarEdge Q3 2026 release, Nov 4, 2026)

GAAP gross margin was 33.2% and non-GAAP gross margin 34.7%, against 21.2% and 18.8% a year earlier, and both include a $36.0 million benefit from IEEPA tariff refunds recognized as a reduction to cost of revenues. GAAP net loss was $8.4 million and non-GAAP net income $21.1 million. (SolarEdge Q3 2026 release, Nov 4, 2026; SolarEdge Form 10-Q, Q3 2026, Nov 5, 2026)

Shares used for GAAP diluted EPS were 61,652,745, against 59,278,269 a year earlier. The non-GAAP EPS figure is computed on 76,489,764 shares. (SolarEdge Q3 2026 release, Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

SolarEdge gives a one-quarter outlook in its release. For Q4 2026 it guided revenue of $245 million to $275 million, non-GAAP gross margin of 17% to 21% and non-GAAP operating expenses of $87 million to $91 million, excluding any IEEPA refunds in the fourth quarter. The whole range is below Q3 revenue of $326.1 million, and Nir said the company is taking steps to reduce costs given reduced revenue expectations for the fourth quarter. (SolarEdge Q3 2026 release, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover SolarEdge, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones SolarEdge's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning SEDG is on is SEDG a buy or a sell?, what analysts expect next is on the SEDG forecast, and what the company does is on the SolarEdge Technologies (SEDG) stock page.

Every number on this page can be traced to a document SolarEdge published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.