NASDAQ$SEDG
SolarEdge Technologies · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
SolarEdge's Q1 2023 financial performance was marked by record revenues and earnings, driven by strong global presence and execution capabilities.
SolarEdge reported record revenues of $943.9 million, a 44% increase year-over-year, and record GAAP net income of $138.4 million. The company shipped 3.6 Gigawatts (AC) of inverters and 221 MWh of batteries.
- Record revenues of $943.9 million achieved.
- Solar segment revenues reached a record $908.5 million.
- GAAP operating income was a record $144.2 million.
- Non-GAAP net diluted EPS was a record $2.90.
Headline financials
Revenue & EPS history
SolarEdge · Revenue · Quarterly
$944M
Forward guidance
For the second quarter of 2023, SolarEdge anticipates revenues between $970 million and $1,010 million, with non-GAAP gross margin expected to be within the range of 32% to 35% and non-GAAP operating profit to be within the range of $195 million to $215 million. Revenues from the solar segment are expected to be between $930 million and $980 million.
Tailwinds
- Revenues to be within the range of $970 million to $1,010 million
- Non-GAAP gross margin expected to be within the range of 32% to 35%
- Non-GAAP operating profit to be within the range of $195 million to $215 million
- Revenues from the solar segment to be within the range of $930 million to $980 million
- Gross margin from the solar segment expected to be within the range of 34% to 37%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+3.5%
Avg return
Earnings day
+5.5%
Avg return
5 days after
+4.8%
Avg return
30 days after
58%
26 / 45 earnings
Positive
+31.2%
Q4 2019
Best reaction
-21.1%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +7.5% | -6.3% | +41.5% | |
| Q4 2025 | -5.5% | +6.1% | +39.3% | |
| Q3 2025 | +28.8% | +42.6% | -7.2% | |
| Q1 2025 | +10.9% | +53.6% | +37.3% | |
| Q4 2024 | +15.9% | +9.0% | +0.6% | |
| Q3 2024 | -21.1% | -27.5% | -32.3% | |
| Q2 2024 | -4.3% | -10.3% | -18.5% | |
| Q1 2024 | -10.3% | -11.1% | -21.2% | |
| Q4 2023 | -12.8% | -20.8% | -21.5% | |
| Q3 2023 | -4.2% | -5.5% | +8.6% | |
| Q2 2023 | -19.0% | -24.4% | -32.7% | |
| Q1 2023 | +6.7% | +10.6% | +10.4% | |
| Q4 2022 | +4.9% | +1.4% | +1.9% | |
| Q3 2022 | +14.9% | +31.9% | +41.9% | |
| Q2 2022 | -17.6% | -12.0% | -24.9% | |
| Q1 2022 | +4.9% | +0.6% | +8.8% | |
| Q4 2021 | +7.0% | +3.5% | +26.2% | |
| Q3 2021 | -2.2% | -4.7% | -11.7% | |
| Q2 2021 | +15.5% | +13.8% | +11.7% | |
| Q1 2021 | -17.1% | -16.4% | -6.1% | |
| Q4 2020 | +1.2% | -2.7% | -19.5% | |
| Q3 2020 | -19.9% | -7.8% | +6.1% | |
| Q2 2020 | +12.0% | +20.8% | +25.8% | |
| Q1 2020 | +1.7% | +14.0% | +37.5% | |
| Q4 2019 | +31.2% | +25.1% | -35.8% | |
| Q3 2019 | -4.0% | -2.6% | +0.8% | |
| Q2 2019 | +27.6% | +30.9% | +24.9% | |
| Q1 2019 | +20.8% | +19.0% | +23.8% | |
| Q4 2018 | -2.8% | -6.8% | -14.3% | |
| Q3 2018 | -2.5% | -2.9% | +0.5% | |
| Q2 2018 | -13.9% | -16.5% | -14.8% | |
| Q1 2018 | +15.5% | +22.1% | -4.0% | |
| Q4 2017 | +27.4% | +27.8% | +51.3% | |
| Q3 2017 | +19.6% | +15.6% | +11.1% | |
| Q2 2017 | +18.5% | +21.7% | +15.9% | |
| Q1 2017 | +9.7% | +10.0% | +20.2% | |
| Q4 2016 | -5.2% | +3.1% | -2.5% | |
| Q3 2016 | -14.0% | — | — | |
| Q2 2016 | +10.6% | — | — | |
| Q1 2016 | +16.9% | — | — | |
| Q4 2013 | -10.6% | — | — | |
| Q4 2015 | -2.6% | — | — | |
| Q3 2014 | +0.0% | — | — | |
| Q4 2014 | +0.0% | — | — | |
| Q3 2015 | +19.2% | — | — | |
| Q3 2013 | — | — | — |
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