SolarEdge Announces Second Quarter 2019 Financial Results

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Go back to SolarEdge Announces Second Quarter 2019 Financial Results

SolarEdge Technologies (SEDG) Tops Q2 EPS by 11c, Revenues Beat; Offers Q3 Revenue Guidance Above Consensus

August 6, 2019 4:07 PM EDT

SolarEdge Technologies (NASDAQ: SEDG) reported Q2 EPS of $0.94, $0.11 better than the analyst estimate of $0.83. Revenue for the quarter came in at $325 million versus the consensus estimate of $315.48 million.

Record revenues of $325.0 millionRecord revenues from solar products of $306.7 millionGAAP gross margin of 34.1%GAAP gross margin from sale of solar products of 36.4%Non-GAAP gross margin from sale of solar products of 36.9%GAAP net income of $33.1... More