Israel-based solar inverter manufacturer SolarEdge reported revenue of $340.2 million in the third quarter (Q3) of 2025, representing a 44.5% year-over-year (YoY) increase from $235.4 million.

The company posted a net loss of $18.35 million in Q3 2025, a 97.9% YoY improvement from a net loss of $899.76 million.

Revenue from the U.S. market totaled $203 million, accounting for 60% of its total revenue.

Revenue from Europe rose 21% YoY to touch $100 million.

Revenue from other international markets was $36 million, comprising 10% of SolarEdge’s revenue in the quarter.

During the quarter, the sales of approximately 92,700 inverters, 2.95 million optimizers, and 230 MWh of batteries for PV applications contributed to the revenue.

The company aims to enhance its position in the European market by increasing sales of commercial storage, delivering products made in the U.S., and rolling out its next-generation Nexis platform in the coming quarters.

It also reported a small capital gain sale of its Sella 2 manufacturing facility for $26.1 million. It also settled certain claims associated with its discontinued energy storage division, resulting in a one-time gain of approximately $15 million.

The revenue surpassed analysts’ expectations by $3.48 million.

Its earnings per share (EPS) came in at a loss of $0.31 in Q3 2025, compared to an EPS loss of $15.78 in the same quarter last year.

The EPS loss in Q3 2025 beat analysts’ expectations by $0.11.

In the first nine months of 2025, SolarEdge reported revenue of $849.09 million, a 20.4% YoY increase from $705.24 million.

Business Highlights

In Q3, SolarEdge shipped 1,471 MW (AC) of inverters and 269 MWh of batteries for solar applications.

It focused on the development and field installation of its next-generation Nexis platform, and shipped initial volumes of the new 3-phase inverter to customers.

During the quarter, SolarEdge also introduced its commercial and industrial (C&I) energy management system, which enables customers to control and optimize all types of behind-the-meter devices and energy loads, including those from solar projects, energy storage systems, electric vehicle charging, and Heating, Ventilation, and Air Conditioning (HVAC) systems.

Shuki Nir, CEO at SolarEdge, stated that the company is prioritizing the ramp-up of manufacturing in the U.S. During the quarter, SolarEdge exported its U.S.-manufactured residential products to Australia. It plans to ship both residential and C&I products to additional markets in the coming weeks.

He announced SolarEdge’s collaboration with Infineon Technologies to advance its solid-state transformer platform to power data centers.

Outlook

SolarEdge expects the revenues to be within the range of $310 million to $340 million in Q4 2025.

The company expects the residential market to lean in favor of the third-party operator model in 2026, and said that it is confident of contributing to this structural change in the market.

Due to the expiry of the residential clean energy credit, the U.S. residential market is expected to decrease by 30%.

During the earnings call, SolarEdge stated that it sees significant potential for retrofitting storage solutions into existing projects across the residential, commercial, and industrial sectors.

Nir said the company is making steady progress in its turnaround, with three consecutive quarters of revenue growth and improving margins.

In Q2 of 2025, it reported a revenue of $289.4 million, a 9.04% YoY growth from $265.4 million. In Q1, it reported a revenue of $219.5 million.