SolarEdge Q4 record revenue $890.7M (+61% YoY); non-GAAP EPS $2.86; guides Q1 rev $915-945M

SOLAREDGE TECHNOLOGIES, INC.

2022-FY EPS reported $1.65 revenue$3,110,279,000

Record Q4 revenue $890.7M, +61% YoY; solar segment $837.0M (+66% YoY). GAAP gross margin 29.3%.
GAAP operating loss $5.2M; record non-GAAP operating profit $149.6M (+105% YoY). GAAP EPS $0.36.
Record non-GAAP EPS $2.86, up from $1.10 YoY. Full year non-GAAP EPS record $5.95 on revenue $3.11B.
Q1 guidance: revenue $915-945M, solar segment $875-905M, non-GAAP gross margin 28-31%, operating profit $150-170M.
Cash from ops Q4 $111.3M; cash net of debt $1.04B as of Dec 31, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SOLAREDGE TECHNOLOGIES, INC. reported the first quarter ending March 31, 2023 results: revenue $915 million to $945 million. Guidance initiated.

Period: the first quarter ending March 31, 2023
Revenue: $915 million to $945 million
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company also provides guidance for the first quarter ending March 31, 2023 as follows: • Revenues to be within the range of $915 million to $945 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SOLAREDGE TECHNOLOGIES, INC. reported the fourth quarter and full year ended December 31, 2022 results: revenue $890.7 million, net income $20.8 million, EPS $0.36. Guidance raised.

Period: the fourth quarter and full year ended December 31, 2022
Revenue: $890.7 million
Net income: $20.8 million
EPS: $0.36
Guidance: raised
Result: reported results

Exact text from the filing

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

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

SOLAREDGE TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001178913-23-000537

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