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Mar 31, 2021
SolarEdge Q1 2021 Earnings Report
SolarEdge's first quarter results reflected growth in the solar business across geographies and segments and operational performance enabled the company to meet increased demand.
Key Takeaways
SolarEdge Technologies, Inc. reported revenues of $405.5 million for the first quarter ended March 31, 2021. GAAP net income was $30.1 million, and non-GAAP net income was $55.5 million. The company shipped 1.69 Gigawatts (AC) of inverters.
Revenues of $405.5 million
Revenues from solar products of $376.4 million
GAAP net income of $30.1 million
1.69 Gigawatts (AC) of inverters shipped
Forward Guidance
The Company provides guidance for the second quarter ending June 30, 2021 as follows: Revenues to be within the range of $445 million to $465 million, Non-GAAP gross margin expected to be within the range of 32% to 34%, Revenues from solar products to be within the range of $405 million to $420 million, Non-GAAP gross margin from sale of solar products expected to be within the range of 36% to 38%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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