SolarEdge Technologies, Inc. announced its financial results for the first quarter ended March 31, 2025, reporting revenues of $219.5 million, surpassing analysts' expectations of $203.8 million. Non-GAAP revenues, excluding discontinued operations, were $212.1 million, up 12% from the prior quarter.
The company reported a GAAP net loss of $98.5 million, or $1.70 per share, and a Non-GAAP net loss of $1.14 per share, which beat the average analyst estimate of a $1.20 loss per share. Gross margin saw a significant rebound, reaching 8.0% on a GAAP basis and 7.8% on a Non-GAAP basis, compared to negative margins in the previous quarter.
SolarEdge generated $33.8 million in cash from operating activities and $19.8 million in free cash flow, marking its second consecutive quarter of positive free cash flow. For Q2 2025, the company provided revenue guidance of $265 million to $285 million, with Non-GAAP gross margin projected between 8% and 12%, despite an anticipated 2 percentage points negative impact from new tariffs.
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