What is Solaredge's gross profit margin?

What guidance did Solaredge's management provide for the next earnings period?

What is Solaredge's latest dividend and current dividend yield?

What were the key takeaways from Solaredge's earnings call?

Did Solaredge beat or miss consensus estimates last quarter?

What is the market's earnings forecast for Solaredge next quarter?

What were the key takeaways from Solaredge’s earnings call?

What does Solaredge do and what are its main business segments?

- **Revenue Growth**: Q4 2025 revenue $334M (+7% YoY), 2025 full year +30% YoY. 
- **Margin Expansion**: Q4 gross margin 23.3%, 2025 full year +2300bps. 
- **Free Cash Flow Turnaround**: 2025 free cash flow $77M (vs. -$421M 2024). 
- **Strategic Wins**: U.S. C&I #1, residential #1, Europe C&I #1, battery attach rate leader. 
- **Innovation Lead**: 2026 Nexus launch, 800V DC SST for AI data centers, 185Ah battery. 
- **2026 Outlook**: Q1 revenue $290-320M, 2026 SST revenue potential, 2026+ EBIT profitability. 


**【CEO Summary Section】**
- **Turnaround Success**: 2025 revenue grew 30% YoY, gross margin improved from negative to 23%, and free cash flow turned positive ($77M vs. -$421M in 2024). 
- **2026 Growth Strategy**: Focus on profitable growth, market share gains (U.S. C&I #1, residential #1), and scaling the Nexus platform. 
- **AI Data Center Expansion**: Developing 800V DC solid-state transformers (SST) for AI power, targeting 2027+ revenue. 
- **Product Innovation**: Nexus platform launch in Europe (March 2026) with 15-30kW inverters, 185Ah battery, and passive cooling. 
- **Operational Excellence**: Single SKU consolidation, U.S. manufacturing ramp (34.5kV to 800V DC SST), and cost optimization. 

**【CFO Financial Commentary】**
- **Q4 2025 Results**: 
  - Revenue: $334M (+7% YoY, -3% QoQ vs. 10-15% seasonal decline) 
  - Gross Margin: 23.3% (vs. 18.8% Q3) 
  - Free Cash Flow: $43M 
  - Non-GAAP Net Loss: $8.2M 
- **2026 Guidance**: 
  - Q1 Revenue: $290-320M (midpoint +15% YoY) 
  - Gross Margin: 20-24% 
  - OpEx: $88-93M (includes 12% shekel strengthening impact) 
- **Liquidity**: $581M cash as of Dec 31, 2025. 
- **Cost Actions**: Sold e-mobility business ($12M), closed Kokam battery plant, and exited tracker business. 

**【Q&A Highlights】**
- **AI Data Center SST**: 
  - 99% efficiency, 34.5kV to 800V DC conversion, targeting hyperscalers. 
  - 2027+ revenue potential, $60M+ R&D investment. 
- **Safe Harbor Strategy**: No Q1/Q2 2026 revenue pull-forward, focusing on physical work test contracts. 
- **Europe Recovery**: 2026 revenue >2025, driven by U.S.-made exports, Nexus rollout, and battery attach rates (+6% efficiency). 
- **Battery Storage Growth**: U.S. residential battery #2, 185Ah battery launch, and 6% efficiency advantage over AC-coupled systems. 
- **Tariff Impact**: U.S. manufacturing costs offset by 45% tax credit drawback, 2025 Q4 gross margin beat despite tariffs. 
- **Free Cash Flow**: Q1+ positive, 2026 CapEx ~$50M+ for SST and U.S. manufacturing. 
- **Competitive Position**: U.S. C&I #1, Europe C&I #1, and global battery attach rate leader. 


SolarEdge Technologies, Inc.(SEDG)-20260218-2025 Q4 Earnings call transcript

- **Revenue Momentum**: Q3 $340M (+21% QoQ), U.S. 60%, Europe 30%, with 18.8% gross margin.
- **Operational Turnaround**: $23M free cash flow, $547M cash, 52% opex reduction to $23.8M.
- **Strategic Wins**: #1 U.S. residential share, Europe +45% QoQ, Infineon data center partnership.
- **Growth Drivers**: U.S. manufacturing exports, Nexis platform, 2026 C&I leadership.
- **Risks**: 2% tariff impact, 25D expiration headwinds, Europe market volatility.

**【CEO Summary Section】**
- Delivered 21% QoQ revenue growth to $340M, driven by U.S. (60%) and Europe (30%).
- Gross margin improved to 18.8% (vs. 13.1% Q2), benefiting from U.S. manufacturing scale and cost reductions.
- Introduced single SKU framework reducing supply chain complexity, enabling 100% U.S.-made residential exports.
- Regained #1 U.S. residential inverter market share; Europe revenue up 45% QoQ to $101M.
- Announced collaboration with Infineon for solid-state transformers targeting 2027+ data center market.
- Free cash flow positive for Q3 ($23M) and full year ($34M), with $547M cash on hand.

**【CFO Financial Commentary】**
- Non-GAAP net loss narrowed to $18.3M (-60% vs. Q2), driven by 52% reduction in operating loss to $23.8M.
- Sold Sella 2 facility for $26.1M, offsetting COGS with $15M one-time gain.
- Q4 guidance: $310-340M revenue, 19-23% gross margin (including 2% tariff impact), $85-90M OpEx.
- U.S. manufacturing ramping to support export growth, with Nexis platform contributing new margins.

**【Q&A Highlights】**
- **2026 Outlook**: Q1 expected -10% sequential decline, no 25D pull-forward; U.S. C&I leadership via non-FEOC compliance.
- **Tariffs**: 2% impact in Q3/Q4, mitigated by pricing and supply chain diversification.
- **Europe Recovery**: Inventory normalization, Nexis adoption, and U.S.-made exports driving 21% YoY growth.
- **Data Center Strategy**: 99% efficient solid-state transformers in development with Infineon, targeting 2027+.
- **Free Cash Flow**: Full year positive, with Q4 guidance for continued positivity.
- **U.S. Manufacturing**: 70,000+ inverters/quarter capacity, expanding to Europe/Asia exports.
- **Storage Growth**: Retrofit opportunities in C&I, with LFP/NMC chemistries in production.


SolarEdge Technologies, Inc. (SEDG) Q3 2025 Earnings Call Transcript

- **U.S. Growth Acceleration**: Q3 revenue guidance midpoint +26% YoY, driven by TPO adoption and U.S. manufacturing scale.
- **Gross Margin Expansion**: Q2 13.1% (vs. Q1 7.8%), targeting 15%-19% in Q3 with fixed cost leverage.
- **Free Cash Flow Turnaround**: Full-year 2025 positive, supported by $812M cash and 45X credit utilization.
- **Nexis Platform Launch**: Q4 volume production for 20kW inverters and stackable batteries, targeting Europe and high-end residential markets.
- **Strategic Wins**: Multiyear C&amp;I agreements with Solar Landscape and a U.S. retailer, plus Wevo EV charging partnership with Schaeffler Group.

**【CEO Summary Section】**
- **Regulatory Clarity and Onshoring**: The One Big Beautiful Bill Act extends the 45X tax credit for U.S. manufacturing, solidifying SolarEdge's strategy to produce and export U.S.-made products globally. This aligns with customer demand for domestic content compliance (FEOC) and supports TPO adoption.
- **Market Share Gains**: U.S. C&amp;I segment growth driven by multiyear agreements with Solar Landscape and a leading U.S. retailer. Europe shows initial market share recovery, though still below historical levels.
- **Innovation Momentum**: Nexis platform set for Q4 volume production, targeting 20kW systems and stackable batteries. Commercial storage sales hit a record quarter, with EV charging software (Wevo) expanding into utility and enterprise partnerships.
- **Free Cash Flow Positive**: Full-year 2025 guidance for positive free cash flow, with tariffs' 2% headwind expected to neutralize in 2026 via pricing and production shifts.

**【CFO Financial Commentary】**
- **Q2 2025 Results**: 
  - Revenues: $281M (non-GAAP), up 66% U.S., 23% Europe.
  - Gross Margin: 13.1% (vs. 7.8% Q1), driven by U.S. production scale and regional mix.
  - Operating Loss: $48.3M (vs. $72.4M Q1), improving on higher revenue and cost controls.
  - Cash: $812M, net $470M, with $343M convertible notes due August redemption.
- **Q3 2025 Guidance**: 
  - Revenues: $315M-$355M (midpoint +26% YoY)
  - Gross Margin: 15%-19% (including 2% tariff impact)
  - Operating Expenses: $85M-$90M

**【Q&A Highlights】**
- **Revenue Sustainability**: Q3 guidance excludes significant pull-forward demand, with growth driven by TPO shift and new product introductions.
- **Gross Margin Leverage**: $90M-$95M fixed COGS infrastructure to benefit from higher volume; Nexis platform expected to improve margins with simpler, single-SKU design.
- **European Strategy**: Normalized inventory levels in Europe, with focus on Nexis platform to regain share in large residential systems (e.g., 20kW inverters and 19.6kWh batteries).
- **Battery and EV Growth**: Commercial storage sales record quarter; Wevo EV charging software wins utility and enterprise contracts, including Schaeffler Group partnership.
- **Tariff Management**: 2026 plan to offset 4%-6% tariff headwind through pricing and U.S. production exports.
- **Warranty Trends**: Improving product quality reducing warranty claims, with Nexis simplification expected to further lower costs.

SolarEdge Technologies, Inc. (SEDG) Q2 2025 Earnings Call Transcript

- **Turnaround Momentum**: Q1 2025 marks 2nd straight quarter of positive free cash flow; gross margin improved to 7.8%.
- **Market Share Gains**: U.S. inverter #1; Europe sell-through up 6% QoQ; 35%+ battery sites in VPP programs.
- **Tariff Mitigation**: 2-6% gross margin impact in 2025; 2%+ offset by Q1 2026 via U.S. manufacturing & supply chain diversification.
- **Innovation Lead**: Nexis platform Q4 2025 launch; SolarEdge ONE Controller compliant with Germany's Reg 14a; VDE cybersecurity validation.
- **Financial Strength**: $794M cash balance; 2,000+ U.S. jobs created; 70,000 inverters/quarter capacity.

**【CEO Strategic Priorities】**
- **Financial Strength**: Q1 revenue growth, gross margin expansion, $20M+ free cash flow (2nd consecutive quarter positive), and $794M cash balance.
- **Market Share Recovery**: U.S. inverter #1 by Wood MacKenzie; Europe sell-through up 6% QoQ; 35%+ battery sites in VPP programs.
- **Innovation**: Nexis platform on track for Q4 2025 launch; SolarEdge ONE Controller compliant with Germany's Reg 14a; VDE cybersecurity validation.
- **U.S. Manufacturing**: 70,000 inverters/quarter capacity; 2,000+ U.S. jobs created; 10% domestic content adder compliance.

**【CFO Financial Highlights】**
- **Q1 2025 Results**: 
  - Non-GAAP revenue: $212.1M (62% U.S., 22% Europe)
  - Non-GAAP gross margin: 7.8% (vs. -39.5% Q4)
  - Non-GAAP operating expenses: $89.1M (down 15% QoQ)
  - Non-GAAP net loss: $66.1M ($1.14 EPS)
- **Q2 2025 Guidance**: 
  - Revenue: $265-285M
  - Gross margin: 8-12% (including 2% tariff impact)
  - Free cash flow: ~breakeven for full year

**【Key Tariff Mitigation】**
- **Impact**: 2-6% gross margin reduction (Q2-Q4 2025); 2%+ offset by Q1 2026
- **Actions**: 
  - U.S.-made products (70,000/quarter capacity)
  - Diversified supply chain
  - Pricing adjustments
  - $60M+ inventory consumption

**【Regional Performance】**
- **North America**: 
  - Q1 sell-through: $370M (down 18% QoQ due to seasonality)
  - 50% C&I, 50% residential mix
  - Battery attach rates rising
- **Europe**: 
  - Q1 sell-through: $47.4M (up 6% QoQ)
  - Netherlands battery upgrade campaign success
  - Channel inventory normalization by Q2 end
- **International**: 
  - Q1 shipments: 242MW
  - 50% C&I, 50% residential mix

SolarEdge (SEDG)-6 May 25-2025 Q1 Earnings call transcript

- **Free Cash Flow Turnaround**: Q4 $26M positive, Q1 2025+ sustained, ahead of schedule.
- **U.S. Manufacturing Expansion**: 70,000 inverters/quarter in Texas, 2M optimizers/quarter in Florida.
- **New Product Momentum**: NexSSS launch Q4 2025 targeting cost reduction and market expansion.
- **Gross Margin Recovery**: Ex-impairments, Q4 non-GAAP gross margin 4.8%, guiding to 6-10% in Q1 2025.
- **Europe Channel Clearing**: Inventory normalization by Q2 2025, despite broader market decline.

**【CEO Opening Remarks】**
- SolarEdge achieved $26M free cash flow in Q4, ahead of schedule, with Q1 2025 expected to be free cash flow positive.
- Key priorities: financial stabilization, market share regain, innovation acceleration, U.S. manufacturing ramp-up.
- U.S. manufacturing capacity: 70,000 inverters/quarter in Austin, 2M optimizers/quarter in Florida.
- New product line (NexSSS) targeting Q4 2025 launch, focusing on cost reduction and market expansion.

**【CFO Financial Highlights】**
- Q4 2024 revenue: $196.2M, with U.S. solar revenue at $114M (60% of total solar sales).
- Non-GAAP gross margin: -39.5% (impacted by $87M inventory write-downs), improving to 4.8% ex-impairments.
- Operating expenses reduced to $106.8M (Q3: $116.3M), targeting $85-90M/Q by end-2025.
- Q1 2025 guidance: $195-215M revenue, 6-10% non-GAAP gross margin.

**【Q&A Key Takeaways】**
- **Inventory Management**: Europe channel inventory expected to normalize by Q2 2025; U.S. inventory healthy.
- **45X Credits**: Monetization becoming routine, with Q4 sales of $0.065/W and $0.11/W credits.
- **Competitive Strategy**: Focused on premium software/hardware integration, safety, and cybersecurity.
- **Debt Management**: No immediate plans to address $400M convertible notes; prioritizing free cash flow generation.
- **Market Outlook**: U.S. growth driven by domestic content policies; Europe expected to decline in 2025 but with share gains.


Actual											0.81	0.7	0.83	0.33	0.55	0.82	0.96	0.74	0.6	0.95	0.91	2.86	2.9	2.62	-0.55	-0.92	-1.9	-1.79	-15.33	-3.52	-1.14	-0.81	-0.31	-0.14
Forecast											0.8509	0.534	0.6129	0.6607	0.8004	0.8898	1.0245	0.8636	0.8981	0.8838	1.4744	1.5414	1.9355	2.5263	0.8899	-1.3363	-1.5534	-1.5386	-1.6421	-1.5028	-1.1594	-0.8797	-0.3956	-0.2198
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-4.81%	+31.09%	+35.42%	-50.05%	-31.28%	-7.84%	-6.30%	-14.31%	-33.19%	+7.49%	-38.28%	+85.55%	+49.83%	+3.71%	-161.80%	+31.15%	-22.31%	-16.34%	-833.56%	-134.23%	+1.67%	+7.92%	+21.64%	+36.31%

SEDG

SEDG fundamentals

SEDG Q4 2025 Earnings

Earnings Call

You can ask Aime

SEDG

SEDG fundamentals

SEDG Q4 2025 Earnings

Earnings Call

SEDG Earnings Call Summary for Q4/20258:00 AM on Feb 18, 2026

SEDG Earnings Call Summary for Q3/20258:00 AM on Nov 5, 2025

SEDG Earnings Call Summary for Q2/20258:00 AM on Aug 7, 2025

SEDG Earnings Call Summary for Q1/20258:00 AM on May 6, 2025

SEDG Earnings Call Summary for Q4/20248:00 AM on Feb 19, 2025

You can ask Aime