SolarEdge Technologies (SEDG) Tops Q4 EPS by 12c, Revenues Beat; Offers 1Q Revenue Guidance Above Consensus
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SolarEdge Announces Fourth Quarter and Full Year 2020 Financial Results
February 16, 2021 4:05 PM ESTFREMONT, 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, 2020.
Fourth Quarter 2020 Highlights
Revenues of $358.1 million Revenues from solar products of $327.1 million GAAP gross margin of 30.8% Non-GAAP gross margin of 32.5% GAAP gross margin from sale of solar products of 35.3% Non-GAAP gross margin from sale of solar products of 36.2% GAAP net income of $17.7 million Non-GAAP net income of $55.7 million GAAP net... More