CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

SolarEdge Q3 revenue slightly misses estimates on soft demand

By Reuters News


Overview

  • Smart energy technology firm's Q3 revenue slightly missed analyst expectations, declining yr/yr and sequentially

  • Adjusted net income and operating profit for Q3 beat analyst expectations

  • Company cites cost reduction efforts and focus on profitability amid softer demand


Outlook

  • Company sees Q4 2026 revenue between $245 mln and $275 mln

  • Company expects Q4 2026 non-GAAP gross margin of 17% to 21%

  • Company anticipates Q4 2026 non-GAAP operating expenses of $87 mln to $91 mln


Result Drivers

  • SOFTER DEMAND - Co said near-term market uncertainty and softer demand weighed on Q3 results

  • COST REDUCTION - Co said it is taking steps to reduce costs and sharpen focus to support profitability

  • IEEPA TARIFF BENEFIT - Q3 gross margin included $36 mln benefit related to IEEPA tariff matters


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Miss*

$326.10 mln

$326.60 mln (19 Analysts)

Q3 Adjusted Net Income

Beat

$21.10 mln

$3.54 mln (15 Analysts)

Q3 Net Loss

$8.40 mln

Q3 Gross Margin

33.20%

Q3 Adjusted Operating Profit

Beat

$23.90 mln

$1.37 mln (13 Analysts)

Q3 Adjusted Gross Margin

34.70%

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 19 "hold" and 6 "sell" or "strong sell"

  • The average consensus recommendation for the renewable energy equipment & services peer group is "buy."

  • Wall Street's median 12-month price target for SolarEdge Technologies, Inc. is $35.00, about 6.4% above its November 3 closing price of $32.88

  • The stock recently traded at 49 times the next 12-month earnings vs. a P/E of 44 three months ago


Reuters Recommended Reads

  • Nov 4 - Foresight Solar Fund Q3 NAV per share falls as discount rates increase

  • Nov 3 - Enlight Renewable Q3 revenue rises 40% on new projects

  • Nov 4 - FTC Solar Q3 revenue slightly beats estimates on project wins


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.