SolarEdge Technologies (SEDG) Tops Q4 EPS by $1.32; Issues Solid Q1 Outlook
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SolarEdge Announces Fourth Quarter 2022 and Full Year 2022 Financial Results
February 13, 2023 4:05 PM ESTMILPITAS, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the fourth quarter 2022 and full year ended December 31, 2022.
Fourth Quarter 2022 Highlights
Record revenues of $890.7 million Record revenues from solar segment of $837.0 million GAAP gross margin of 29.3% Non-GAAP gross margin of 30.2% Gross margin from solar segment of 32.4% GAAP operating loss of $5.2 million Record non-GAAP operating profit of $149.6 million GAAP net income of $20.8 million Record non-GAAP net... More