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Dec 31, 2019
SolarEdge Q4 2019 Earnings Report
SolarEdge reported record revenues and earnings for Q4 2019, driven by strong growth in the solar business and strategic investments in acquired businesses.
Key Takeaways
SolarEdge Technologies announced record revenues of $418.2 million for the fourth quarter of 2019, a 59% increase compared to the same quarter last year. The company's GAAP net income also reached a record $52.8 million, with GAAP net diluted EPS of $1.03. The growth was primarily driven by the solar business and strategic investments in acquired businesses.
Record revenues of $418.2 million were achieved.
Revenues from solar products reached a record $389.0 million.
GAAP net income was a record $52.8 million.
1.6 Gigawatts (AC) of inverters were shipped.
Forward Guidance
For the first quarter of 2020, SolarEdge anticipates revenues between $425 million and $440 million, with gross margin expected to be in the range of 32% to 34%. Revenues from solar products are projected to be between $405 million and $415 million, with a gross margin from the sale of solar products expected to be in the range of 33% to 35%.
Positive Outlook
- Revenues to be within the range of $425 million to $440 million
- Gross margin expected to be within the range of 32% to 34%
- Revenues from solar products to be within the range of $405 million to $415 million
- Gross margin from sale of solar products expected to be within the range of 33% to 35%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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