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Jun 30, 2021
SolarEdge Q2 2021 Earnings Report
Reported record revenues in both solar and non-solar businesses with continued strong demand.
Key Takeaways
SolarEdge Technologies reported record revenues for the second quarter of 2021, driven by strong demand for its products across various geographies and segments. The company successfully navigated the challenging supply chain environment, supporting customer growth with new and existing products.
Revenues reached $480.1 million.
Revenues from the solar segment amounted to $431.5 million.
GAAP net income was $45.1 million.
1.64 Gigawatts (AC) of inverters were shipped.
Forward Guidance
The Company also provides guidance for the third quarter ending September 30, 2021 as follows: • Revenues to be within the range of $520 million to $540 million • Non-GAAP gross margin expected to be within the range of 32% to 34% • Revenues from solar segment to be within the range of $460 million to $480 million • Gross margin from solar segment expected to be within the range of 35% to 37%
Positive Outlook
- Revenues to be within the range of $520 million to $540 million
- Non-GAAP gross margin expected to be within the range of 32% to 34%
- Revenues from solar segment to be within the range of $460 million to $480 million
- Gross margin from solar segment expected to be within the range of 35% to 37%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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