NASDAQ$SEDG

SolarEdge Technologies · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

SolarEdge reported a decrease in revenue and a net loss, but returned to positive free cash flow in Q4 2024.

SolarEdge Technologies, Inc. reported Q4 2024 revenues of $196.2 million, a decrease of 17% compared to the prior quarter. The company experienced a GAAP net loss of $287.4 million, or $5.00 per share. However, SolarEdge returned to positive free cash flow generation in Q4.

  • Revenues were $196.2 million, down 17% from the prior quarter.
  • GAAP net loss was $287.4 million, or $5.00 per share.
  • Non-GAAP net loss was $202.5 million, or $3.52 per share.
  • Free cash flow generated was $25.5 million.

Headline financials

Total Revenue

$196M

Previous: $316M-37.9%
EPS (adj)

-$3.52

Previous: -$0.92-282.6%
Capital Expenditures

-$12.3M

Previous: -$40.5M+69.7%
Free Cash Flow

$25.5M

No prior period
Net Income

-$287M

Previous: -$162M-77.0%
Operating Income

-$264M

Previous: -$238M-11.0%
Gross Profit

-$112M

Previous: -$56.4M-98.9%
R&D Expense

$62M

Previous: $74.9M-17.2%

Revenue & EPS history

SolarEdge · Revenue · Quarterly

$196M

Q4 2024-37.9%vs Q4 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

The company provides guidance for the first quarter ending March 31, 2025, with revenues expected to be within the range of $195 million to $215 million, non-GAAP gross margin expected to be within the range of 6% to 10%, and non-GAAP operating expenses to be within the range of $98 million to $103 million.

Tailwinds

  • Revenues to be within the range of $195 million to $215 million.
  • Non-GAAP gross margin expected to be within the range of 6% to 10%.
  • Non-GAAP operating expenses to be within the range of $98 million to $103 million.
  • Management expects to be free cash flow positive in Q1 2025.
  • Management expects to be free cash flow positive for the full year 2025.

Headwinds

  • Closure of Energy Storage business in Korea
  • Company will not report segments in our financial reporting going forward.
  • Uncertainty and potential variability of reconciling items.
  • Such items cannot be reasonably predicted with the level of precision required.
  • Unable to provide outlook for the comparable GAAP measures.

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 2024

Historical avgQ4 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

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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