SolarEdge Technologies (SEDG) Misses Q1 Earnings by 8c, Revenues Beat

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SolarEdge Announces First Quarter 2022 Financial Results

May 2, 2022 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, 2022.

First Quarter 2022 Highlights

Record revenues of $655.1 million Record revenues from solar segment of $608.0 million GAAP gross margin of 27.3% Non-GAAP gross margin of 28.4% Gross margin from solar segment of 30.2% GAAP net income of $33.1 million Non-GAAP net income of $68.8 million GAAP net diluted earnings per share (EPS) of $0.60 Non-GAAP net diluted... More