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Sep 30, 2022
SolarEdge Q3 2022 Earnings Report
SolarEdge achieved record revenues and operating profit.
Key Takeaways
SolarEdge Technologies, Inc. reported record revenues of $836.7 million, a 59% increase compared to the same quarter last year, and a record GAAP operating profit of $84.4 million for the third quarter ended September 30, 2022.
Record revenues of $836.7 million achieved.
Solar segment revenues reached a record $788.6 million.
GAAP operating profit was a record $84.4 million.
2.7 Gigawatts (AC) of inverters were shipped.
Forward Guidance
The Company also provides guidance for the fourth quarter ending December 31, 2022 as follows: Revenues to be within the range of $855 million to $885 million. Non-GAAP gross margin expected to be within the range of 27% to 30%. Non-GAAP operating profit to be within the range of $115 million to $135 million. Revenues from the solar segment to be within the range of $810 million to $840 million. Gross margin from the solar segment expected to be within the range of 28% to 31%
Positive Outlook
- Revenues to be within the range of $855 million to $885 million
- Non-GAAP gross margin expected to be within the range of 27% to 30%
- Non-GAAP operating profit to be within the range of $115 million to $135 million
- Revenues from the solar segment to be within the range of $810 million to $840 million
- Gross margin from the solar segment expected to be within the range of 28% to 31%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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