SolarEdge Technologies (SEDG) Tops Q4 EPS by 40c; Guides Above

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Go back to SolarEdge Technologies (SEDG) Tops Q4 EPS by 40c; Guides Above

SolarEdge Announces Fourth Quarter and Full Year 2019 Financial Results

February 19, 2020 4:05 PM EST

FREMONT, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy, today announced its financial results for the fourth quarter and year ended December 31, 2019.

Fourth Quarter 2019 Highlights

Record revenues of $418.2 million Record revenues from solar products of $389.0 million GAAP gross margin of 34.3% GAAP gross margin from sale of solar products of 37.3% Non-GAAP gross margin from sale of solar products of 37.8% Record GAAP net income of $52.8 million Record Non-GAAP net income of $87.4 million Record GAAP net... More