SolarEdge reported record revenues of $943.9 million, a 44% increase year-over-year, and record GAAP net income of $138.4 million. The company shipped 3.6 Gigawatts (AC) of inverters and 221 MWh of batteries.
Record revenues of $943.9 million achieved.
Solar segment revenues reached a record $908.5 million.
GAAP operating income was a record $144.2 million.
Non-GAAP net diluted EPS was a record $2.90.
For the second quarter of 2023, SolarEdge anticipates revenues between $970 million and $1,010 million, with non-GAAP gross margin expected to be within the range of 32% to 35% and non-GAAP operating profit to be within the range of $195 million to $215 million. Revenues from the solar segment are expected to be between $930 million and $980 million.
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