NASDAQ$SEDG

SolarEdge Technologies · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

SolarEdge reported record revenues and earnings for Q4 2019, driven by strong growth in the solar business and strategic investments in acquired businesses.

SolarEdge Technologies announced record revenues of $418.2 million for the fourth quarter of 2019, a 59% increase compared to the same quarter last year. The company's GAAP net income also reached a record $52.8 million, with GAAP net diluted EPS of $1.03. The growth was primarily driven by the solar business and strategic investments in acquired businesses.

  • Record revenues of $418.2 million were achieved.
  • Revenues from solar products reached a record $389.0 million.
  • GAAP net income was a record $52.8 million.
  • 1.6 Gigawatts (AC) of inverters were shipped.

Headline financials

Total Revenue

$418M

Previous: $264M+58.6%
EPS (adj)

$1.65

Previous: $0.63+161.9%
Inverters Recognized

1.6

No prior period
Capital Expenditures

$32.9M

Previous: $8.56M+284.3%
Free Cash Flow

$50.2M

Previous: $38.3M+31.0%
Net Income

$52.8M

Previous: $12.9M+308.2%
Operating Income

$50.5M

Previous: $24M+110.8%
Gross Profit

$143M

Previous: $79.7M+79.7%
Cash & Equivalents

$224M

Previous: $188M+19.2%
Total Assets

$1.49B

Previous: $964M+55.0%
Stock-Based Comp

$21.7M

Previous: $8.69M+149.3%

Revenue & EPS history

SolarEdge · Revenue · Quarterly

$418M

Q4 2019+58.6%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

For the first quarter of 2020, SolarEdge anticipates revenues between $425 million and $440 million, with gross margin expected to be in the range of 32% to 34%. Revenues from solar products are projected to be between $405 million and $415 million, with a gross margin from the sale of solar products expected to be in the range of 33% to 35%.

Tailwinds

  • Revenues to be within the range of $425 million to $440 million
  • Gross margin expected to be within the range of 32% to 34%
  • Revenues from solar products to be within the range of $405 million to $415 million
  • 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 Q4 2019

Historical avgQ4 2019

+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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