SolarEdge to cut another 200 jobs as restructuring continues
The Israeli solar technology company is set to cut dozens of positions locally in its fifth round of layoffs in less than three years.
SolarEdge, the Israeli solar energy technology company, is set to lay off approximately 200 employees worldwide, including 50 to 60 in Israel, as it continues efforts to reduce costs following a prolonged downturn in the solar industry.
The latest cuts add to a series of workforce reductions over the past three years. SolarEdge eliminated approximately 900 jobs in January 2024, including around 550 in Israel, followed by another 400 positions globally in July 2024. In November 2024, it shut down its energy storage operation in South Korea, resulting in approximately 500 job cuts there. In January 2025, the company announced another 400 layoffs worldwide.
The company employs approximately 2,000 people in Israel, according to the latest estimates, and is managed from the country. Listed on Nasdaq, SolarEdge develops technology for managing and optimizing solar power production, including inverters and power optimizers used in solar installations. It also operates manufacturing facilities in the United States and Nof HaGalil.
The repeated cuts reflect the challenges SolarEdge has faced as demand for solar equipment weakened in key markets and distributors were left with excess inventory. The slowdown has been particularly pronounced in the U.S. residential market, where high interest rates have made rooftop solar installations less economically attractive, and in Europe, where distributors have worked through stocks accumulated during the energy crisis.
In the second quarter of 2026, revenue reached $346 million, an increase of approximately 20% from the same period a year earlier, while its net loss narrowed to $16 million from $115 million. The company also returned to non-GAAP operating profitability, reporting operating income of approximately $10 million for the first time since the second quarter of 2023.
However, its outlook remained a concern for investors. In August, SolarEdge forecast third-quarter revenue of $310 million to $340 million, below analysts’ expectations of approximately $371 million. Its shares fell by more than 20% following the results.
