SolarEdge Technologies, Inc. announced its financial results for the second quarter ended June 30, 2025, reporting revenues of $289.4 million, a 32% increase from the prior quarter. Non-GAAP revenues, excluding discontinued operations, were $281.0 million, also up 32% sequentially.
The company's GAAP gross margin improved to 11.1% and Non-GAAP gross margin reached 13.1%, compared to 8.0% and 7.8% respectively in the prior quarter. However, new tariffs had an approximate 1% negative impact on gross margin during the quarter.
Despite sequential improvements in revenue and gross margin, SolarEdge reported cash used in operating activities of $7.8 million and free cash flow used of $9.1 million, a shift from positive free cash flow in previous quarters. For Q3 2025, the company provided revenue guidance in the range of $265 million to $285 million, with Non-GAAP gross margin projected between 8% and 12%.
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