SolarEdge Technologies (SEDG) Tops Q2 EPS by 7c, Revs Miss

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Go back to SolarEdge Technologies (SEDG) Tops Q2 EPS by 7c, Revs Miss

SolarEdge Announces Second Quarter 2022 Financial Results

August 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 second quarter ended June 30, 2022.

Second Quarter 2022 Highlights

Record revenues of $727.8 million Record revenues from solar segment of $687.6 million GAAP gross margin of 25.1% Non-GAAP gross margin of 26.7% Gross margin from solar segment of 28.1% GAAP net income of $15.1 million Non-GAAP net income of $56.7 million GAAP net diluted earnings per share (EPS) of $0.26 Non-GAAP net diluted... More