NASDAQ$SEDG
SolarEdge Technologies · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
SolarEdge reported a sequential revenue growth of 30% but a 73% decrease compared to the same quarter last year.
SolarEdge Technologies, Inc. announced its financial results for the second quarter ended June 30, 2024, with revenues of $265.4 million, a GAAP gross margin of negative 4.1%, and a GAAP net loss of $130.8 million.
- Revenues reached $265.4 million.
- Revenues from the solar segment amounted to $241.2 million.
- GAAP gross margin was negative 4.1%.
- 873 Megawatts (AC) of inverters were shipped.
Headline financials
Revenue & EPS history
SolarEdge · Revenue · Quarterly
$265M
Forward guidance
The Company also provides guidance for the third quarter ending September 30, 2024 as follows: • Revenues to be within the range of $260 million to $290 million • Non-GAAP gross margin* expected to be within the range of negative 3% to positive 1%, including approximately 560 basis points of net IRA manufacturing tax credit • Non-GAAP operating expenses* to be within the range of $111 million to $116 million • Revenues from the solar segment to be within the range of $245 million to $280 million • Gross margin from the solar segment expected to be within the range of 0% to 4% including approximately 590 basis points of net IRA manufacturing tax credit
Tailwinds
- Revenues expected to be between $260 million and $290 million
- Solar segment revenues to be between $245 million and $280 million
- Non-GAAP gross margin expected to be within the range of negative 3% to positive 1%
- Gross margin from the solar segment expected to be within the range of 0% to 4%
- Includes approximately 590 basis points of net IRA manufacturing tax credit
Headwinds
- Non-GAAP gross margin expected to be within the range of negative 3% to positive 1%
- Outlook for the comparable GAAP measures are unable to be provided
- Uncertainty and potential variability of reconciling items
- Dependent on future events and often outside of management’s control
- Non-GAAP operating expenses to be within the range of $111 million to $116 million
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 2024
+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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