SEDG · Solaredge Technologies, Inc.
2 customers — 28.8% of revenue (three months ended June 30, 2026)
“For the three months ended June 30, 2026, two major customers accounted for approximately 28.8% of our total revenues.”
One customer — 16.8% of revenue (six months ended June 30, 2026)
“For the six months ended June 30, 2026, one major customer accounted for approximately 16.8% of our total revenues.”
2 customers — 24% of revenue (six months ended June 30, 2025)
“For the six months ended June 30, 2025, two major customers accounted for approximately 24.0% of our total revenues.”
One customer — 16.4% of revenue (three months ended June 30, 2025)
“For the three months ended June 30, 2025, one major customer accounted for approximately 16.4% of our total revenues.”
2 customers — 26.3% of receivables (As of June 30, 2026)
“As of June 30, 2026, two major customers accounted for approximately 26.3% of our consolidated trade receivables, net balance.”
2 customers — 22.5% of receivables (As of June 30, 2025)
“As of June 30, 2025, two major customers accounted for approximately 22.5% of our consolidated trade receivables, net balance.”
Price & Indicators
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AI Brief
Q1 FY26 earnings call · May 6, 2026TL;DR. SolarEdge reported Q1 2026 revenue of $310.5 million, up 46% year-over-year (down 7.4% sequentially), with a sixth consecutive quarter of margin expansion and guidance for Q2 implying near-breakeven operating profitability.
- + Q1 revenue grew 46% year-over-year, the fifth consecutive quarter of YoY revenue growth
- + Sixth consecutive quarter of margin expansion, with non-GAAP gross margin of 23.5% (vs. 23.3% prior quarter) new
- + Q2 outlook midpoint implies approaching breakeven operating profit new
- + Generated $20.7 million of free cash flow in Q1; cash and investments net of debt grew to $246.2 million new
- + Europe Q1 revenue reached its highest level since Q4 2023, driven by battery demand new
- + SolarEdge Nexis entire planned Q2 production is fully booked by European customers; more than 90% of inverter/optimizer production now in the U.S. new
- − Q1 GAAP net loss of $57.4 million and non-GAAP net loss of $26.3 million, including a ~$14 million one-time expense new
- − Non-GAAP operating loss widened to $24.8 million from $11.0 million in the prior quarter
- − Revenue declined 7.4% sequentially from $335.4 million new
- − U.S. residential market started the year slower than anticipated due to tax equity investment slowdown and FEOC uncertainty new
- − Cash flow from operating activities fell to $24.4 million from $52.6 million in the prior quarter new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Cash and investments portfolio, net of debt | 264.6M | As of June 30, 2026 | — |
| Free cash flow non-GAAP | 3.1M | Q2 2026 | — |
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| Non-GAAP gross margin non-GAAP | 28.6% | Q2 2026 | — |
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| Non-GAAP operating expenses non-GAAP | 88.5M | Q2 2026 | — |
| Non-GAAP operating income non-GAAP | 10.2M | Q2 2026 | — |
| batteries for PV applications recognized as revenue | 331 | Q1 2026 | — |
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| Free cash flow (deficit) (Non-GAAP) non-GAAP | $20.73M | Three months ended March 31, 2026 | — |
| inverters recognized as revenue | 50.5K | Q1 2026 | — |
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| optimizers recognized as revenue | 2.4M | Q1 2026 | — |
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Solar — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SEDG
this stock
Solaredge Technologies, Inc.
|
$1.93B | +8.9% | +31.4% | — | 20.4% |
|
FSLR
First Solar, Inc.
|
$21.97B | -21.7% | +24.1% | 12.6 | 9.1% |
|
NXT
Nextpower Inc.
|
$12.96B | -1.9% | +20.3% | 22.1 | 5.8% |
|
ENPH
Enphase Energy, Inc.
|
$4.91B | +16.2% | +10.7% | 36.9 | 16.4% |
|
SMTGF
SMA Solar Technology AG/ADR
|
$2.15B | +63.4% | — | — | 0.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SEDG | +1.9% | -23.8% | -9.2% | -23.8% | +8.9% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | +1.4% | -26.8% | -22.6% | -26.8% | -4.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.