SolarEdge Announces First Quarter 2021 Financial Results

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Go back to SolarEdge Announces First Quarter 2021 Financial Results

SolarEdge Technologies (SEDG) Misses Q1 EPS by 1c, Revenues Beat; Offers 2Q Revenues Mid-Point Guidance Above Consensus

May 3, 2021 4:10 PM EDT

SolarEdge Technologies (NASDAQ: SEDG) reported Q1 EPS of $0.98, $0.01 worse than the analyst estimate of $0.99. Revenue for the quarter came in at $405.49 million versus the consensus estimate of $396.21 million.

First Quarter 2021 Highlights

Revenues of $405.5 millionRevenues from solar products of $376.4 millionGAAP gross margin of 34.5%Non-GAAP gross margin of 36.5%GAAP gross margin from... More