Solaredge on Recovery Path: Solaredge Increases Revenue in Q4 and Full Year - Losses Decline - Stock Still Under Pressure

Milpitas (USA) - Solaredge Technologies has released its financial results for the fourth quarter and the full year 2025. The company, listed in the renewable energy industrial index RENIXX-World, continues its recovery path but has not yet fully convinced investors. The stock is falling sharply.

In the fourth quarter of 2025, Solaredge generated revenue of USD 335.4 million, an increase of 71 percent compared to the same quarter last year (Q4 2024: USD 196.2 million). On a GAAP basis, the fourth-quarter net loss amounted to USD −132.1 million (Q4 2024: −287.4 million USD), or a loss of USD 2.21 per share (Q4 2024: −5.00 USD per share). On a Non-GAAP basis, the net loss decreased to USD 8.2 million (Q4 2024: −202.5 million USD), with a loss per share of USD −0.14 (Q4 2024: −3.52 USD).

CEO Shuki Nir commented: “Our fourth quarter results delivered 70% year-over-year revenue growth, marking our fourth consecutive quarter of year-over-year revenue growth and fifth consecutive quarter of margin expansion.”

For the full year 2025, Solaredge reported revenue of USD 1.18 billion, up 31 percent compared to 2024 (USD 901.5 million). The GAAP net loss amounted to USD 405.4 million (2024: −1.81 billion USD), corresponding to a loss of USD 6.88 per share (2024: −31.64 USD per share). On a Non-GAAP basis, the annual loss decreased to USD −140.3 million (2024: 1.31 billion USD), or USD −2.38 per share (2024: −22.99 USD).

For the first quarter of 2026, Solaredge expects revenue between USD 290 million and 320 million. The Non-GAAP gross margin is projected to be between 20 percent and 24 percent, with Non-GAAP operating expenses between USD 88 million and 93 million. Management is targeting a cautious start to the year, focusing on profitable growth and the rollout of the Solaredge Nexis platform. “By leveraging our DC expertise, investing in high-growth adjacencies like AI data center power, and maintaining our rigorous cost discipline, we believe we are positioning 2026 to be a transformational year for Solaredge,” said Shuki Nir.

Investors reacted cautiously to Solaredge’s results. While revenue increased significantly and losses were substantially reduced, the net loss remains high. The outlook for the first quarter appears insufficient to boost confidence.

The stock fell 5.1 percent yesterday to EUR 29.75 (closing price, 18 February 2025, Stuttgart Stock Exchange). In today’s trading, it continued to decline, down 4.3 percent to EUR 28.48 (16:16 CET, 19 February 2026, Stuttgart Stock Exchange).

Source: IWR Online, 19 Feb 2026