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Dec 31, 2021
SolarEdge Q4 2021 Earnings Report
Reported record revenues and strong demand for solar energy across all segments and geographies.
Key Takeaways
SolarEdge Technologies announced record revenues of $551.9 million for the fourth quarter of 2021, a 54% increase compared to the same quarter last year. The company's GAAP net income was $41.0 million, and non-GAAP net income was $62.8 million. The company shipped 1.92 Gigawatts (AC) of inverters.
Record revenues of $551.9 million
Record revenues from solar segment of $502.7 million
GAAP net income of $41.0 million
Non-GAAP net income of $62.8 million
Forward Guidance
For the first quarter of 2022, SolarEdge anticipates revenues between $615 million and $645 million, with non-GAAP gross margin expected to be in the range of 28% to 30%. Revenues from the solar segment are projected to be between $575 million and $595 million, with a gross margin from solar segment expected to be within the range of 30% to 32%.
Positive Outlook
- Revenues to be within the range of $615 million to $645 million
- Non-GAAP gross margin expected to be within the range of 28% to 30%
- Revenues from solar segment to be within the range of $575 million to $595 million
- Gross margin from solar segment expected to be within the range of 30% to 32%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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