secwatch.observer — SEC 8-K summary
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Issuer:     SOLAREDGE TECHNOLOGIES, INC. (SEDG)
CIK:        0001419612
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001178913-23-003504
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SolarEdge Q3 revenue $725M, down 27% QoQ; GAAP net loss $61.2M; board approves $300M buyback
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- Revenue $725.3M, down 27% from $991.3M prior quarter and 13% from $836.7M YoY.
- GAAP gross margin 19.7%, down from 32.0% QoQ; solar segment gross margin 24.0% vs 34.7%.
- GAAP net loss $61.2M (diluted EPS -$1.08) vs net income $119.5M (EPS $2.03) prior quarter.
- Non-GAAP net loss $31.0M (EPS -$0.55) vs net income $157.4M (EPS $2.62) prior quarter.
- Board authorized up to $300M share repurchase program, expiring December 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419612/000117891323003504/0001178913-23-003504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419612/000117891323003504/zk2330465.htm
  HTML page:      https://secwatch.observer/filing/0001178913-23-003504

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer