UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission File Number: 001-36894 SOLAREDGE TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 20-5338862 (State ...

SolarEdge Technologies, Inc. (SEDG) reported a first-quarter 2024 adjusted loss of $1.90 per share, wider than the Zacks Consensus Estimate of a loss of $1.58. The bottom line also deteriorated from the prior-year quarter’s reported earnings of $2.90 per share.Barring one-time adjustments, the company recorded a GAAP loss of $2.75 per share against GAAP earnings of $2.35 per share recorded in the year-ago period.RevenuesThe company’s quarterly revenues of $204.4 million surpassed the Zacks Consensus Estimat ...

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants JB Lowe - Head of IR Zvi Lando - Chief Executive Officer Ronen Faier - Chief Financial Officer Conference Call Participants Andrew Percoco - Morgan Stanley Brian Lee - Goldman Sachs Philip Shen - Roth Capital Partners Mark Strouse - JPMorgan Colin Rusch - Oppenheimer Austin Moeller - Canaccord Kashy Harrison - Piper Sandler Jordan Levy - Truist Securities Vikram Bagri - Citi Research Chris ...

SolarEdge Technologies (SEDG) came out with a quarterly loss of $1.90 per share versus the Zacks Consensus Estimate of a loss of $1.58. This compares to earnings of $2.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20.25%. A quarter ago, it was expected that this photovoltaic products maker would post a loss of $1.47 per share when it actually produced a loss of $0.92, delivering a surprise of 37.41%.Over the last four qu ...

SolarEdge Technologies Non-GAAP gross margin* of (6.5%) First Quarter Financial Results | --- | --- | --- | --- | |-------------------------------------|---------|---------|---------| | USD in millions* | Q1 23 | Q4 23 | Q1 24 | | Revenues | 943.9 | 316.0 | 204.4 | | Gross margin | 31.8% | (17.9%) | (12.8%) | | Operating expenses | 156.0 | 181.2 | 147.5 | | Operating income (loss) | 144.2 | (237.6) | (173.7) | | Net income (loss) | 138.4 | (162.4) | (157.3) | | Net diluted income (loss) per share | 2.35 | ( ...

Exhibit 99.1 SolarEdge Announces First Quarter 2024 Financial Results MILPITAS, Calif. — May 8, 2024. SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights • Revenues of $204.4 million • Revenues from solar segment of $190.1 million • GAAP gross margin of negative 12.8% • Non-GAAP gross margin1 of negative 6.5%, including 4.5% of net IRA benefit • Gross margin fr ...

SolarEdge Technologies (SEDG) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Ma ...

SolarEdge Technologies (SEDG) closed the latest trading day at $68.77, indicating a +0.56% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 1.23%. Elsewhere, the Dow saw a downswing of 1.36%, while the tech-heavy Nasdaq depreciated by 1.4%.Shares of the photovoltaic products maker witnessed a loss of 2.8% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 9.61% and the S&P 500's gain of 1.61%.Market participant ...

SolarEdge Technologies Inc. (SEDG) recently announced that its first Commercial Storage System (CSS) for photovoltaic (PV) applications can now be ordered in Italy. CSS can be deployed in small or medium commercial solar installations. Significance of the CSSThe CSS, unveiled in June 2023, marks the first storage solution available for commercial-scale solar applications in Italy’s market. The system is coupled with SolarEdge’s high-efficiency DC-optimized PV inverters and SolarEdge ONE for commercial and i ...

Jeremy PolandSolarEdge (NASDAQ:SEDG) has been one of the more frustrating holdings in my portfolio, but unfortunately it isn’t clear if that suffering is ending anytime soon. The company has seen revenues fall off a cliff, with both unit-level and bottom-line margins getting crushed in tandem. It doesn’t help that its closest competitor is showing far greater resiliency from a profitability perspective. My initial investment thesis appears to be breaking apart, as this cyclical downturn has posed great ...