Loading...
•
Sep 30, 2021
SolarEdge Q3 2021 Earnings Report
Reported record revenues amid global logistics and supply chain challenges.
Key Takeaways
SolarEdge Technologies, Inc. announced record revenues of $526.4 million for the third quarter of 2021, a 56% increase compared to the same quarter last year, despite a twelve week covid-related shutdown in their Vietnam manufacturing facility.
Record revenues of $526.4 million
Record revenues from solar segment of $476.8 million
GAAP net income of $53.0 million
1.9 Gigawatts (AC) of inverters shipped
Forward Guidance
The Company also provides guidance for the fourth quarter ending December 31, 2021 as follows: Revenues to be within the range of $530 million to $560 million Non-GAAP gross margin expected to be within the range of 30% to 32% Revenues from solar segment to be within the range of $490 million to $515 million Gross margin from solar segment expected to be within the range of 31% to 34%
Positive Outlook
- Revenues to be within the range of $530 million to $560 million
- Non-GAAP gross margin expected to be within the range of 30% to 32%
- Revenues from solar segment to be within the range of $490 million to $515 million
- Gross margin from solar segment expected to be within the range of 31% to 34%
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...