SolarEdge Announces First Quarter 2020 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
SolarEdge Technologies (SEDG) Misses Q1 EPS by 30c, Revenues Beat; Offers 2Q Revenue Guidance Below Consensus
May 6, 2020 5:38 PM EDTSolarEdge Technologies (NASDAQ: SEDG) reported Q1 EPS of $0.95, $0.30 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $431.2 million versus the consensus estimate of $420.35 million.
First Quarter 2020 Highlights
Record revenues of $431.2 millionRecord revenues from solar products of $407.6 millionGAAP gross margin of 32.5%GAAP gross margin from sale of solar products of 34.6%Non-GAAP gross margin from sale of solar products of 35.0%GAAP net income of $42.2 millionNon-GAAP net income of $50.7 millionGAAP net diluted earnings per share (EPS)... More