SolarEdge Technologies (SEDG) Misses Q3 Revenue, Offers Guidance

SolarEdge Technologies (NASDAQ: SEDG) reported Q3 EPS of ($15.33), may not compare vs the analyst estimate of ($1.65). Revenue for the quarter came in at $260.9 million versus the consensus estimate of $272.8 million.

GUIDANCE:

SolarEdge Technologies sees Q4 2024 revenue of $180-200 million, versus the consensus of $309.2 million.

• Non-GAAP gross margin* expected to be within the range of negative 4% to 0%, including approximately 1,000 basis points of net IRA manufacturing tax credit;
• Non-GAAP operating expenses* to be within the range of $103 million to $108 million;
• Revenues from the solar segment to be within the range of $170 million to $190 million;
• Gross margin from the solar segment expected to be within the range of 0% to 3% including approximately 1,050 basis points of net IRA manufacturing tax credit.

For earnings history and earnings-related data on SolarEdge Technologies (SEDG) click here.

You May Also Be Interested In

• JPMorgan Starts ICICI Prudential Asset Management (ICICIAMC:IN) at Overweight
• HDFC Asset Management Co Ltd (HDFCAMC:IN) PT Raised to INR3,250 at JPMorgan
• HSBC Downgrades Hermes International (RMS:FP) (HESAY) to Hold