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Jun 30, 2022
SolarEdge Q2 2022 Earnings Report
Reported record revenues and growth in the solar segment despite supply chain challenges.
Key Takeaways
SolarEdge Technologies reported record revenues of $727.8 million for Q2 2022, a 52% increase compared to the same quarter last year. The solar segment also achieved record revenues of $687.6 million, up 59% year-over-year. While facing supply chain challenges, the company continues to support customers and build infrastructure for sustainable growth.
Achieved record revenues of $727.8 million.
Solar segment revenues reached a record $687.6 million.
GAAP net income was $15.1 million.
Shipped 2.52 Gigawatts (AC) of inverters.
Forward Guidance
The Company also provides guidance for the third quarter ending September 30, 2022 as follows: Revenues to be within the range of $810 million to $840 million, Non-GAAP gross margin expected to be within the range of 26% to 29%, Non-GAAP operating profit to be within the range of $90 million to $110 million, Revenues from solar segment to be within the range of $765 million to $795 million and Gross margin from solar segment expected to be within the range of 27% to 30%
Positive Outlook
- Revenues to be within the range of $810 million to $840 million
- Non-GAAP gross margin expected to be within the range of 26% to 29%
- Non-GAAP operating profit to be within the range of $90 million to $110 million
- Revenues from solar segment to be within the range of $765 million to $795 million
- Gross margin from solar segment expected to be within the range of 27% to 30%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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