SolarEdge Technologies (SEDG) Misses Q1 EPS by 30c, Revenues Beat; Offers 2Q Revenue Guidance Below Consensus
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SolarEdge Announces First Quarter 2020 Financial Results
May 6, 2020 4:10 PM EDTFREMONT, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy, today announced its financial results for the first quarter ended March 31, 2020.
First Quarter 2020 Highlights
Record revenues of $431.2 million Record revenues from solar products of $407.6 million GAAP 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 million Non-GAAP net income of $50.7 million GAAP net diluted earnings per share (EPS) of... More