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Mar 31, 2022
SolarEdge Q1 2022 Earnings Report
Reported record revenues driven by US and European growth amidst supply chain navigation.
Key Takeaways
SolarEdge Technologies, Inc. announced record revenues of $655.1 million for Q1 2022, a 62% increase year-over-year, driven by strong demand in the United States and Europe. The company navigated supply chain challenges to meet global demand and continued to expand manufacturing capacity.
Record revenues of $655.1 million were achieved.
Solar segment revenues reached a record $608.0 million.
GAAP net income was $33.1 million.
Non-GAAP net diluted EPS was $1.20.
Forward Guidance
The company provided guidance for the second quarter ending June 30, 2022, with revenues expected to be in the range of $710 million to $740 million and revenues from the solar segment to be within the range of $660 million to $690 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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