SolarEdge Technologies (SEDG) Tops Q2 EPS by 1c

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Go back to SolarEdge Technologies (SEDG) Tops Q2 EPS by 1c

SolarEdge Announces Second Quarter 2020 Financial Results

August 3, 2020 4:05 PM EDT

FREMONT, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the second quarter ended June 30, 2020.

Second Quarter 2020 Highlights

Revenues of $331.9 million Revenues from solar products of $310.1 million GAAP gross margin of 31.0% GAAP gross margin from sale of solar products of 33.1% Non-GAAP gross margin from sale of solar products of 33.8% GAAP net income of $36.7 million Non-GAAP net income of $52.1 million GAAP net diluted earnings per share (EPS) of... More