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Dec 31, 2022
SolarEdge Q4 2022 Earnings Report
Reported record revenues and non-GAAP net income for Q4 2022, overcoming global challenges and achieving significant growth.
Key Takeaways
SolarEdge Technologies reported record revenues of $890.7 million for Q4 2022, a 61% increase compared to the same quarter last year. The company's non-GAAP net income reached a record $171.5 million, with a non-GAAP net diluted EPS of $2.86. Despite a GAAP operating loss of $5.2 million, non-GAAP operating income was a record $149.6 million.
Achieved record revenues of $890.7 million.
Solar segment revenues reached a record $837.0 million.
Non-GAAP net income hit a record $171.5 million.
Shipped 3.14 Gigawatts (AC) of inverters.
Forward Guidance
For the first quarter of 2023, SolarEdge anticipates revenues between $915 million and $945 million, with non-GAAP gross margin expected to be within the range of 28% to 31% and non-GAAP operating profit to be within the range of $150 million to $170 million. Revenues from the solar segment are expected to be between $875 million and $905 million, with a gross margin of 31% to 34%.
Positive Outlook
- Revenues to be within the range of $915 million to $945 million
- Non-GAAP gross margin expected to be within the range of 28% to 31%
- Non-GAAP operating profit to be within the range of $150 million to $170 million
- Revenues from the solar segment to be within the range of $875 million to $905 million
- Gross margin from the solar segment expected to be within the range of 31% to 34%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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