SMA Raises Full-Year Guidance as Strategic Realignment Gains Traction

Niestetal — SMA Solar Technology AG said it is on track with its realignment around two strategic business areas, Large Scale & Project Solutions and Home & Business Solutions, after a markedly stronger second quarter. The inverter maker has raised its guidance for full-year 2026.

The operational recovery at SMA is gathering pace. The company also received an important endorsement of its market position after S&P Global Energy classified it as a "Tier 1 PV Inverter Supplier 2026," a rating used by international investors, banks and project developers to identify financially sound, long-term technology partners for large-scale photovoltaic projects.

Second-Quarter Results Beat Expectations

According to preliminary figures, SMA generated revenue of EUR 345.7 million in the second quarter of 2026, down from EUR 357.1 million a year earlier. EBITDA rose to EUR 64.7 million, compared with a loss of EUR 15.5 million in the prior-year quarter, while EBIT improved to EUR 51.5 million from a loss of EUR 30.4 million — well above analyst expectations. Adjusted for one-off effects, EBITDA came in at EUR 40.9 million, up from EUR 31.8 million a year earlier, and adjusted EBIT rose to EUR 27.7 million from EUR 18.0 million.

Citing the positive business performance, SMA has raised its guidance for full-year 2026. The company now expects group revenue of between EUR 1.625 billion and EUR 1.725 billion and EBITDA of between EUR 180 million and EUR 230 million. It had previously guided toward the upper third of a range of EUR 1.475 billion to EUR 1.675 billion in revenue and EUR 50 million to EUR 180 million in EBITDA.

Both Business Areas Contribute to Earnings Again

SMA's realignment is built around two strategic business areas: Large Scale & Project Solutions, covering large-scale solar and storage projects, and Home & Business Solutions, serving residential and commercial customers. Alongside the project business, the Home & Business Solutions division is now contributing to earnings again, after weighing heavily on group profitability in recent quarters.

One-off effects also supported the improved quarterly results. Tariffs levied under the IEEPA in the United States were refunded almost in full earlier than expected. In addition, contrary to its original expectations, SMA found buyers on the secondary market for previously written-down inventory, allowing it to partially reverse earlier impairments. According to the company, underlying operating performance was significantly stronger year-on-year even excluding these one-off effects.

Together, the raised guidance and the Tier 1 classification add to signs that SMA's strategic realignment is taking hold, strengthening the inverter maker's position in the international competition for large-scale solar and battery storage projects.

Source: IWR Online, 20 Jul 2026