Solaredge Technologies (SEDG) Q3 FY2026 earnings: revenue $326 million, down 4.1% on the year

Solaredge Technologies, Inc. (SEDG) reported revenue of $326 million for Q3 FY2026, the quarter ended 30 September 2026, down 4.1% on the same quarter a year earlier. Net income was -$8 million, and diluted earnings per share $-0.14. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$326 million

-4.1% on the year · -5.8% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

-0.6%

-10.3% a year earlier

Q4 FY2024Q3 FY2026

Net income

-$8 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$0.14

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 lowered, 1 new.

Revenue down year over year: GAAP revenue was $326.1 million, down 5.8% from the second quarter and 4.1% from the third quarter of 2025. Non-GAAP revenue was $325.4 million, down 4.2% year over year.
Non-GAAP operating income rose: Non-GAAP operating income was $23.9 million, up from $10.2 million in the second quarter. GAAP operating loss narrowed to $1.9 million from $16.0 million in the second quarter.
SST demonstrations drawing partner interest: Live demonstrations of the solid-state transformer technology are generating increasing interest from potential partners and customers.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	326	346	340	-5.8%	-4.1%
Cost of revenue	218	251	268	-13.2%	-18.7%
Gross profit	108	95.2	72.1	+13.7%	+50.0%
Gross margin	33.2%	27.5%	21.2%
Research and development	52.5	52.8	54.1	-0.5%	-3.1%
Operating income	-1.9	-16.0	-35.1
Operating margin	-0.6%	-4.6%	-10.3%
Pre-tax income	-3.9	-28.4	-47.1
Income tax	4.5	2.3	2.6	+94.3%	+76.6%
Net income	-8.4	-30.8	-50.1
Net margin	-2.6%	-8.9%	-14.7%
Diluted EPS	-$0.14	-$0.50	-$0.84

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	20.4	11.4	25.6	+78.6%	-20.4%
Capital expenditure	12.6	8.3	2.8	+51.7%	+347.4%
Free cash flow	7.8	3.1	22.8	+149.5%	-65.7%
Free cash flow margin	2.4%	0.9%	6.7%
Cash from investing	7.2	1.9	236	+276.2%	-97.0%
Cash from financing	-10.9	8.8	-343
Depreciation and amortisation	5.4	5.7	7.2	-6.7%	-25.6%
Share-based compensation	23.7	19.7	21.9	+20.2%	+8.2%
Buybacks	n/a	n/a	0.0
Diluted shares, weighted	62m	61m	59m	+1.0%	+4.0%
Shares outstanding at period end	62m	62m	60m	+0.6%	+3.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	423	412	480	+2.7%	-11.8%
Debt	333	332	331	+0.1%	+0.5%
Operating lease liabilities	40.9	42.4	30.0	-3.6%	+36.4%
Finance lease liabilities	18.3	19.2	41.0	-4.7%	-55.4%
Other liabilities	1,453	1,498	1,350	-3.0%	+7.6%
Total liabilities and equity	2,268	2,304	2,232	-1.5%	+1.6%
Fixed assets	251	254	318	-1.3%	-21.2%
Goodwill	49.9	49.8	50.5	+0.0%	-1.3%
Intangible assets	5.3	5.8	7.8	-8.1%	-31.5%
Investments	0.0	19.7	59.1
Cash and equivalents	555	527	440	+5.3%	+26.3%
Receivables	210	212	286	-1.1%	-26.8%
Inventory	621	600	531	+3.5%	+17.0%
Other assets	576	635	540	-9.3%	+6.7%
Total assets	2,268	2,304	2,232	-1.5%	+1.6%

Questions

What was Solaredge Technologies' revenue in Q3 FY2026?

Solaredge Technologies (SEDG) reported revenue of $326 million for Q3 FY2026, the quarter ended 30 September 2026, down 4.1% on the same quarter a year earlier.

How much did Solaredge Technologies earn in Q3 FY2026?

Net loss for Q3 FY2026 was $8 million, and the diluted loss per share $0.14.

When did Solaredge Technologies report Q3 FY2026 results?

Solaredge Technologies filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024 †	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	552	655	728	837	891	944	991	725	316	204	265	261	171	219	289	340	335	311	346	326
Cost of revenue	391	476	545	615	630	644	674	582	372	231	276	963	308	202	257	268	261	242	251	218
Gross profit	160	179	183	222	261	300	317	143	-56.4	-26.2	-11.0	-702	-138	17.5	32.1	72.1	74.5	68.3	95.2	108
Gross margin	29%	27%	25%	27%	29%	32%	32%	20%	-18%	-13%	-4%	-269%	-81%	8%	11%	21%	22%	22%	27%	33%
R&D	64.3	66.3	74.8	69.7	79.0	79.9	86.5	80.1	75.0	75.4	69.3	70.4	62.2	62.0	53.4	54.1	51.7	50.2	52.8	52.5
Operating income	41.0	50.9	36.0	84.4	-5.2	144	150	-16.7	-238	-174	-160	-1,111	-289	-103	-115	-35.1	-48.3	-55.0	-16.0	-1.9
Operating margin	7%	8%	5%	10%	-1%	15%	15%	-2%	-75%	-85%	-60%	-426%	-169%	-47%	-40%	-10%	-14%	-18%	-5%	-1%
Pre-tax income	34.7	45.4	21.7	58.9	51.1	168	154	-25.1	-215	-181	-142	-1,109	-301	-92.5	-119	-47.1	-133	-56.1	-28.4	-3.9
Tax rate	-18%	27%	30%	58%	59%	17%	22%	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net income	41.0	33.1	15.1	24.7	20.8	138	120	-61.2	-162	-157	-131	-1,231	239	-98.5	-125	-50.1	-132	-57.4	-30.8	-8.4
Net margin	7%	5%	2%	3%	2%	15%	12%	-8%	-51%	-77%	-49%	-472%	140%	-45%	-43%	-15%	-39%	-18%	-9%	-3%
Diluted EPS	$0.73	$0.60	$0.26	$0.43	$0.36	$2.35	$2.03	-$1.08	-$2.85	-$2.75	-$2.31	-$21.58	-$5.00	-$1.70	-$2.13	-$0.84	-$2.21	-$0.95	-$0.50	-$0.14
Operating cash flow	89.6	-163	77.4	5.6	111	7.9	-88.7	40.6	-140	-217	-44.8	-63.9	12.3	33.8	-7.8	25.6	52.6	24.4	11.4	20.4
Capital expenditure	55.1	43.2	48.7	33.2	44.3	38.3	45.7	45.9	40.5	26.3	22.2	47.4	12.3	10.1	1.3	2.8	9.3	3.7	8.3	12.6
Free cash flow	34.5	-206	28.7	-27.6	67.0	-30.4	-134	-5.4	-180	-243	-67.0	-111	0.1	23.7	-9.1	22.8	43.3	20.7	3.1	7.8
Buybacks	n/a	n/a	n/a	n/a	n/a	0.0	0.0	0.0	0.0	33.2	16.8	0.3	-0.1	0.0	0.0	0.0	0.0	n/a	n/a	n/a
Shares outstanding	53m	55m	56m	56m	56m	56m	57m	57m	57m	57m	57m	57m	58m	58m	59m	60m	60m	61m	62m	62m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.