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Sep 30, 2020
SolarEdge Q3 2020 Earnings Report
Reported revenue of $338.1 million and non-GAAP EPS of $1.21.
Key Takeaways
SolarEdge Technologies, Inc. announced its financial results for the third quarter ended September 30, 2020, with revenues of $338.1 million, a GAAP net income of $43.8 million, and a non-GAAP net diluted EPS of $1.21.
Revenues of $338.1 million
Revenues from solar products of $312.5 million
GAAP net income of $43.8 million
Non-GAAP net diluted EPS of $1.21
Forward Guidance
The Company also provides guidance for the fourth quarter ending December 31, 2020 as follows: Revenues to be within the range of $345 million to $365 million Non-GAAP Gross margin expected to be within the range of 32% to 34% Revenues from solar products to be within the range of $320 million to $335 million Non-GAAP Gross margin from sale of solar products expected to be within the range of 34% to 36%
Positive Outlook
- Revenues to be within the range of $345 million to $365 million
- Non-GAAP Gross margin expected to be within the range of 32% to 34%
- Revenues from solar products to be within the range of $320 million to $335 million
- Non-GAAP Gross margin from sale of solar products expected to be within the range of 34% to 36%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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