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Jun 30, 2020
SolarEdge Q2 2020 Earnings Report
SolarEdge reported revenues of $331.9 million and EPS of $0.70 for Q2 2020.
Key Takeaways
SolarEdge Technologies, Inc. announced its financial results for the second quarter ended June 30, 2020, with revenues of $331.9 million and GAAP net income of $36.7 million.
Revenues of $331.9 million
Revenues from solar products of $310.1 million
GAAP net income of $36.7 million
1.44 Gigawatts (AC) of inverters shipped
Forward Guidance
The Company also provides guidance for the third quarter ending September 30, 2020 as follows:Revenues to be within the range of $325 million to $350 millionNon-GAAP Gross margin expected to be within the range of 32% to 34%Revenues from solar products to be within the range of $305 million to $325 millionNon-GAAP Gross margin from sale of solar products expected to be within the range of 33% to 35%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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