earnings
confidence high
sentiment positive
materiality 0.70
SolarEdge Q3 revenue $836.7M record, GAAP EPS $0.43; Q4 guidance $855-885M
SOLAREDGE TECHNOLOGIES, INC.
2022-Q3 EPS reported
$1.29
revenue$2,219,577,000
- Record revenue of $836.7M, up 15% QoQ and 59% YoY; solar segment revenue $788.6M (up 65% YoY).
- GAAP diluted EPS $0.43 vs $0.26 prior Q; non-GAAP diluted EPS $0.91 vs $0.95 prior Q.
- GAAP gross margin 26.5% (up from 25.1% QoQ); non-GAAP gross margin 27.3%.
- Q4 2022 guidance: revenue $855-885M, solar segment revenue $810-840M, non-GAAP gross margin 27-30%.
- Europe revenues grew 90% YoY; 2.7 GW inverters and 320.7 MWh batteries shipped.