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Sep 30, 2024
SolarEdge Q3 2024 Earnings Report
Announced third quarter 2024 financial results
Key Takeaways
SolarEdge Technologies reported revenues of $260.9 million, a decrease of 2% from the prior quarter and 64% from the same quarter last year. The company faced a GAAP net loss of $1.21 billion, or $21.11 per share, and a non-GAAP net loss of $874.3 million, or $15.31 per share.
Revenues were $260.9 million.
Revenues from the solar segment were $247.5 million.
GAAP net loss per share was negative $21.11.
850 Megawatts (AC) of inverters were shipped.
Forward Guidance
The Company also provides guidance for the fourth quarter ending December 31, 2024 as follows: Revenues to be within the range of $180 million to $200 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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