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Mar 31, 2024
SolarEdge Q1 2024 Earnings Report
Announced first quarter 2024 financial results.
Key Takeaways
SolarEdge Technologies reported revenues of $204.4 million for Q1 2024, a decrease of 78% compared to the same quarter last year. The company's GAAP net loss was $157.3 million, or $2.75 per share, while non-GAAP net loss was $108.6 million, or $1.90 per share. 946 Megawatts (AC) of inverters shipped and 128 MWh of batteries for PV applications were shipped.
Revenues of $204.4 million.
Revenues from solar segment of $190.1 million.
GAAP net loss of $157.3 million.
946 Megawatts (AC) of inverters shipped and 128 MWh of batteries for PV applications shipped
Forward Guidance
The Company also provides guidance for the second quarter ending June 30, 2024 as follows: Revenues to be within the range of $250 million to $280 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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