NASDAQ$SEDG

SolarEdge Technologies · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

SolarEdge reported revenues of $331.9 million and EPS of $0.70 for Q2 2020.

SolarEdge Technologies, Inc. announced its financial results for the second quarter ended June 30, 2020, with revenues of $331.9 million and GAAP net income of $36.7 million.

  • Revenues of $331.9 million
  • Revenues from solar products of $310.1 million
  • GAAP net income of $36.7 million
  • 1.44 Gigawatts (AC) of inverters shipped

Headline financials

Total Revenue

$332M

Previous: $325M+2.1%
EPS (adj)

$0.97

Previous: $0.94+3.2%
Inverters Recognized

1.44

No prior period
Capital Expenditures

-$53.7M

Previous: -$22.2M-141.4%
Free Cash Flow

-$17M

Previous: $10.9M-256.5%
Net Income

$36.7M

Previous: $33.1M+10.7%
Operating Income

$30M

Previous: $45.4M-33.9%
Gross Profit

$103M

Previous: $111M-7.0%
Cash & Equivalents

$428M

Previous: $177M+142.6%
Total Assets

$1.61B

Previous: $1.22B+31.4%
Stock-Based Comp

$14M

Previous: $11.4M+22.8%

Revenue & EPS history

SolarEdge · Revenue · Quarterly

$332M

Q2 2020+2.1%vs Q2 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The Company also provides guidance for the third quarter ending September 30, 2020 as follows:Revenues to be within the range of $325 million to $350 millionNon-GAAP Gross margin expected to be within the range of 32% to 34%Revenues from solar products to be within the range of $305 million to $325 millionNon-GAAP Gross margin from sale of solar products expected to be within the range of 33% to 35%

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 Q2 2020

Historical avgQ2 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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