The earnings call reflected significant challenges with major inventory write-downs, declines in European markets, and projected revenue decreases. Despite some positive developments like U.S. market growth and improved free cash flow, the negative aspects, including large operating losses and impairments, outweigh the positives.

Company Guidance

During the SolarEdge earnings call for Q3 2024, the company provided guidance for the upcoming quarter and detailed various metrics affecting their financial outlook. SolarEdge is expecting Q4 2024 revenues to be between $180 million and $200 million, with non-GAAP gross margins ranging from negative 4% to 0%, reflecting net benefits from the Inflation Reduction Act (IRA). The solar segment is anticipated to generate $170 million to $190 million in revenue, with gross margins between 0% and 3%. The company aims for non-GAAP operating expenses to be between $103 million and $108 million, and it projects Q4 free cash flow to range from negative $20 million to neutral. The company also highlighted its focus on achieving financial stability through cash flow generation, improving operational efficiencies, and making strategic price reductions, especially in the European market, to regain market share. Additionally, SolarEdge plans to return to positive cash generation by the first half of 2025, driven by consumption of existing inventory and sale of IRA credits.

U.S. Market Growth

Sell-through in the U.S. residential space grew 8% quarter-over-quarter and U.S. Commercial segment sell-through was up 15%, highlighting competitive advantages in rooftop C&I through product scalability.

Free Cash Flow Improvement

Free cash use was approximately $75 million, down significantly from $140 million used in the second quarter, indicating improved operational efficiency.

First Sale of 45x Credits

Successfully sold 45x manufacturing credits for approximately $40 million, enhancing cash position.

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SolarEdge Technologies (SEDG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SEDG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 19, 2025	2024 (Q4)	-1.48 / -	-0.92	―	―	―
Nov 06, 2024	2024 (Q3)	-1.64 / -15.33	-0.55	-2687.27% (-14.78)
Aug 07, 2024	2024 (Q2)	-1.54 / -1.79	2.62	-168.32% (-4.41)
May 08, 2024	2024 (Q1)	-1.55 / -1.90	2.9	-165.52% (-4.80)
Feb 20, 2024	2023 (Q4)	-1.34 / -0.92	2.86	-132.17% (-3.78)
Nov 01, 2023	2023 (Q3)	0.89 / -0.55	0.91	-160.44% (-1.46)
Aug 01, 2023	2023 (Q2)	2.53 / 2.62	0.95	175.79% (+1.67)
May 03, 2023	2023 (Q1)	1.94 / 2.90	0.6	383.33% (+2.30)
Feb 13, 2023	2022 (Q4)	1.54 / 2.86	0.74	286.49% (+2.12)
Nov 07, 2022	2022 (Q3)	1.47 / 0.91	0.96	-5.21% (-0.05)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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SEDG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$14.68	$14.88	+1.36%
Aug 07, 2024	$23.59	$22.87	-3.05%
May 08, 2024	$57.55	$52.67	-8.48%
Feb 20, 2024	$84.42	$74.14	-12.18%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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