SMA’s Home and Business Solutions division recorded 27.9% sales growth in 9M 2026, while its large-scale business declined
The company shipped 14.3 GW of inverter output, with EMEA accounting for the largest regional share
It has revised its full-year 2026 outlook after reporting a €1.86 billion order backlog
German solar inverter manufacturer SMA Solar Technology has reported profitability for the nine-month period starting January 2026 to September 2026. Its net income totaled €98.9 million, reversing a net loss of €144.5 million during 9M 2025.
The company’s inverter sales totaled 14.3 GW, a 5% year-on-year (YoY) increase from 13.6 GW last year. Most shipments went to the EMEA region, which accounted for 48%, followed by 37% in the Americas and 15% in APAC.
SMA reported sales of €1.16 billion for the period, up 2.3% from €1.13 billion in the same period last year. Its EBITDA reached €146.3 million, compared with a loss of €16.9 million a year earlier.
Performance varied across SMA’s two business divisions. The Home and Business Solutions division recorded a 27.9% increase in sales to €231.9 million, up from €181.3 million in the corresponding period of 2025, thanks to higher demand. Its share of group sales increased to 20% from 16%. This division’s EBIT loss narrowed to € 28.9 million from a loss of € 322.1 million in 9M 2025.
In contrast, the Large Scale and Project Solutions division recorded a 2.6% decline in sales to €928.8 million from €953.4 million over the same period. This division contributed 80% of group revenue; however, its EBIT fell to €130.2 million from €199.7 million.
The company attributed the result partly to higher service costs related to warranty and guarantee claims, as well as provisions for anticipated service and remedial work.
SMA said the Large Scale and Project Solutions business division’s sales performance was in line with expectations, as it typically generates the highest revenue in Q4 2026.
The company’s order backlog reached €1.86 billion as of September 30, 2026, compared with €1.28 billion a year earlier. The product business accounted for €1.52 billion, while the service business contributed €340.1 million. The Large Scale and Project Solutions division accounted for most of the backlog, including orders for battery energy storage projects through its subsidiary Altenso GmbH. New orders in this business division during Q3 2026 amounted to €480 million.
Given the ‘strong interest and healthy volume of incoming orders’, the German company has now revised its full-year 2026 guidance to the upper half of its previously announced ranges.
The company now expects annual sales of €1.675 billion to €1.725 billion, compared with its earlier forecast of €1.625 billion to €1.725 billion. Its EBITDA forecast has also narrowed to €205 million to €230 million from €180 million to €230 million previously (see SMA Solar Technology Swings to €72.8 Million Profit In H1 2026).
The revised outlook comes as SMA expects global new PV installations to reach approximately 465 GW to 515 GW in 2026, compared with 590 GW in 2025.