SolarEdge Technologies has released its financial results for the second quarter of 2025. The solar company was able to improve revenue and margin compared to the same quarter last year but remains operationally loss-making.
SolarEdge’s revenue in Q2 2025 rose by 9% compared to Q2 2024, reaching $289.4 million (Q2 2024: $265.4 million). The GAAP gross margin improved to 11.1% (previous year: 8.0%). On a non-GAAP basis, the gross margin was 13.2% (Q2 2024: 0.2%).
The GAAP operating loss decreased in Q2 2025 to –$115.5 million (Q2 2024: –$160.2 million). On a non-GAAP basis, operating losses amounted to –$48.3 million (Q2 2024: –$114.3 million). The GAAP net loss slightly improved to –$124.7 million (previous year: –$130.8 million) (non-GAAP: –$47.7 million / Q2 2024: –$101.2 million). On a per-share basis, the GAAP loss was –$2.13 compared to –$2.31 in the same quarter last year (non-GAAP: –$0.81 / Q2 2024: –$1.79).
“Rhis was our second consecutive quarter of year-over-year and sequential revenue growth, along with margin expansion. We are staying laser focused on elevating our execution and advancing our strategic priorities, positioning SolarEdge for the opportunities we see ahead,” commented SolarEdge CEO Shuki Nir on the quarterly results.
For the third quarter, SolarEdge expects revenues between $315 million and $355 million, as well as a non-GAAP gross margin of 15–19%, despite headwinds from new tariffs of approximately 2%.
Shortly before the release of the quarterly figures, SolarEdge announced on Wednesday a strategic partnership with automotive supplier Schaeffler. Together, around 2,300 charging points are to be installed at European Schaeffler sites by 2030. The solution is based on Wevo technology and is part of the SolarEdge One platform. The first charging points are planned at the headquarters in Herzogenaurach. As part of the cooperation, SolarEdge will provide hardware, software, and services.
After SolarEdge shares had only slightly declined on Wednesday, the price plummeted about 10% on Thursday, closing at 110 euros. Market observers attribute the weak price performance mainly to ongoing margin pressure and negative operating cash flows.
