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Mar 31, 2020
SolarEdge Q1 2020 Earnings Report
Reported record revenues and inverter shipments despite COVID-19 challenges.
Key Takeaways
SolarEdge Technologies reported record revenues of $431.2 million, a 59% increase compared to the same quarter last year, and GAAP EPS of $0.81. The company also shipped a record 1.85 Gigawatts (AC) of inverters.
Record revenues of $431.2 million were achieved.
Revenues from solar products reached a record $407.6 million.
GAAP net income was $42.2 million.
A record 1.85 Gigawatts (AC) of inverters were shipped.
Forward Guidance
For the second quarter ending June 30, 2020, SolarEdge anticipates revenues to be within the range of $305 million to $335 million and revenues from solar products to be within the range of $285 million to $315 million. Gross margin is expected to be within the range of 30% to 32% and gross margin from sale of solar products expected to be within the range of 32% to 34%.
Positive Outlook
- Revenues to be within the range of $305 million to $335 million
- Gross margin expected to be within the range of 30% to 32%
- Revenues from solar products to be within the range of $285 million to $315 million
- Gross margin from sale of solar products expected to be within the range of 32% to 34%
Challenges Ahead
- The evolving impact of, and responses to, the COVID-19 pandemic on economies around the world, including all of the Company’s markets, is unprecedented and makes it difficult to predict with confidence its impact on the Company’s business for the next quarter and the rest of this year.
- Guidance for next quarter includes the anticipated impact of the COVID-19 pandemic and related public health measures on the Company’s business, at the time of publication.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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