SolarEdge Technologies (SEDG) Misses Q2 EPS by 27c, provides guidance

SolarEdge Technologies (NASDAQ: SEDG) reported Q2 EPS of ($1.79), $0.27 worse than the analyst estimate of ($1.52). Revenue for the quarter came in at $265.4 million versus the consensus estimate of $264.31 million.

GUIDANCE:

SolarEdge Technologies sees Q3 2024 revenue of $260-290 million, versus the consensus of $354.7 million.
Non-GAAP gross margin* expected to be within the range of negative 3% to positive 1%, including approximately 560 basis points of net IRA manufacturing tax credit
Non-GAAP operating expenses* to be within the range of $111 million to $116 million
Revenues from the solar segment to be within the range of $245 million to $280 million
Gross margin from the solar segment expected to be within the range of 0% to 4% including approximately 590 basis points of net IRA manufacturing tax credit

For earnings history and earnings-related data on SolarEdge Technologies (SEDG) click here.

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