SolarEdge Technologies (SEDG) shares rose 8.9% after the company reported a second-quarter 2026 adjusted earnings beat. The company returned to adjusted operating profitability for the first time since the second quarter of 2023, driven by tariff benefits and improved gross margins.

Despite the return to profitability, SolarEdge issued third-quarter 2026 revenue guidance that fell below analyst expectations, leading to downward revisions of estimates by analysts. Revenue growth during the second quarter was noted in the U.S. commercial markets and Europe.

The company's recent activity includes the April 2026 launch of the CSS OD 197 kWh commercial storage system in Asia and Europe. This launch aligns with commercial and storage themes that contributed to the second quarter revenue growth.

Future projections for the company include:

• Projected revenue of $1.7 billion by 2029.
• Projected earnings of $83.9 million by 2029.

These figures contrast with more optimistic analyst assumptions, which had previously estimated approximately US$2.2 billion in revenue and US$214 million in earnings by 2029.