SolarEdge(US:SEDG) ZACKS·2026-02-18 18:05Core Insights - SolarEdge Technologies, Inc. (SEDG) reported a narrower adjusted loss of 14 cents per share for Q4 2025, improving from a loss of $3.52 per share in the prior-year quarter and better than the Zacks Consensus Estimate of a loss of 63 cents [1][8] - For the full year 2024, SEDG incurred an adjusted loss of $2.38 per share, which was also narrower than the Zacks Consensus Estimate of a loss of $2.65, and improved from a loss of $22.99 per share in the previous year [2] Revenue Performance - SEDG's revenues for Q4 2025 reached $335.4 million, exceeding the Zacks Consensus Estimate of $325 million by 3.2% and representing a 70.9% increase from $196.2 million in the same quarter last year [3][8] - For the full year 2024, the company generated revenues of $1.18 billion, significantly higher than the prior year's $0.90 billion, aligning with the Zacks Consensus Estimate [3] Operational Highlights - In Q4 2025, SEDG shipped approximately 98.8 thousand inverters, 2.87 million optimizers, and 280 MWh of batteries for PV applications [4][8] - The company reported an adjusted gross profit of $74.5 million, a significant recovery from an adjusted gross loss of $112.3 million in the prior-year period [4] - Adjusted operating expenses decreased by 18.9% year over year to $122.8 million [4] Financial Performance - As of December 31, 2025, SEDG had cash and cash equivalents of $455.1 million, up from $274.6 million a year earlier [6] - Total long-term liabilities increased slightly to $951.2 million from $930.8 million as of December 31, 2024 [6] - The net cash provided by operating activities in 2025 was $104.3 million, compared to cash used of $313.3 million in the previous year [6] Q1 2026 Guidance - SEDG expects revenues for Q1 2026 to be in the range of $290-$320 million, with the Zacks Consensus Estimate at $291.7 million, which is lower than the midpoint of the company's guidance [7][9] - Adjusted operating expenses are projected to be between $88-$93 million, with an expected adjusted gross margin of 20-24% [9]