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

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

SolarEdge Announces First Quarter 2021 Financial Results

May 3, 2021 4:05 PM EDT

MILPITAS, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the first quarter ended March 31, 2021.

First Quarter 2021 Highlights

Revenues of $405.5 million Revenues from solar products of $376.4 million GAAP gross margin of 34.5% Non-GAAP gross margin of 36.5% GAAP gross margin from sale of solar products of 38.3% Record non-GAAP gross margin from sale of solar products of 39.7% GAAP net income of $30.1 million Non-GAAP net income of $55.5... More