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Dec 31, 2020
SolarEdge Q4 2020 Earnings Report
Financial performance declined compared to the same quarter last year but increased sequentially, driven by growth in the U.S. residential market and record revenues from outside of Europe and the U.S.
Key Takeaways
SolarEdge Technologies announced its financial results for the fourth quarter and year ended December 31, 2020, with revenues of $358.1 million and non-GAAP EPS of $0.98.
Revenues of $358.1 million
Revenues from solar products of $327.1 million
GAAP net income of $17.7 million
1.36 Gigawatts (AC) of inverters shipped
Forward Guidance
The Company also provides guidance for the first quarter ending March 31, 2021 as follows:
Positive Outlook
- Revenues to be within the range of $385 million to $405 million
- Non GAAP gross margin expected to be within the range of 34% to 36%
- Revenues from solar products to be within the range of $360 million to $375 million
- Non GAAP gross margin from sale of solar products expected to be within the range of 36% to 38%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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