SolarEdge management cites tariff refund, manufacturing credits and cost discipline as drivers of Q3 2026 gross margin improvement

By Public Technologies
  • SolarEdge management commentary reported third-quarter 2026 revenue of $326.1 million, down 5.8% sequentially amid soft U.S. residential demand and seasonal European weakness.
  • Non-GAAP gross margin reached 34.7%, benefiting from $36 million in tariff-related refunds; excluding that benefit, margin was approximately 23.6%.
  • Management attributed underlying margin improvement to U.S. manufacturing benefits and continued cost discipline.
  • Nexis revenue exceeded $100 million, while higher battery attachment rates and retrofit demand kept storage the largest revenue category.
  • Free cash flow totaled $7.8 million, marking the fifth consecutive positive quarter, supported by expense and capital-investment discipline.


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