The earnings call presented a mixed outlook. While there were significant strides in free cash flow generation and US manufacturing expansion, the company faced substantial financial losses and market challenges, particularly in Europe. The introduction of new products and innovations offers some optimism for future growth.

Company Guidance

During the SolarEdge conference call for Q4 2024 and the outlook for Q1 2025, CEO Shuki Nir outlined the company's key priorities aimed at driving a turnaround and positioning for long-term growth. SolarEdge reported generating approximately $26 million in free cash flow for Q4, surpassing projections, and aims to maintain positive free cash flow throughout 2025. The company plans to strengthen financials through disciplined cash management, inventory reductions, and a shift to US domestic content manufacturing, with expectations to sustain this positive cash flow trajectory. Market share recovery is a focus, particularly through European partnerships aimed at reducing distributor inventory levels. Innovation remains pivotal, with a new residential portfolio set for release by Q4 2025, while US manufacturing ramps up, creating nearly 2,000 jobs and reaching production capacities of 70,000 inverters and 2 million optimizers per quarter. Despite a 17% quarter-over-quarter decline in North American sell-through, SolarEdge is optimistic about the long-term fundamentals of the solar market. The company also marked significant impairment and write-downs, impacting Q4 financials, yet achieved non-GAAP gross margins of 4.8%, excluding these adjustments. Looking forward, SolarEdge projects Q1 2025 revenues between $195 million and $215 million, with non-GAAP gross margins ranging from 6% to 10%.

Positive Free Cash Flow

SolarEdge generated approximately $26 million in free cash flow in Q4 2024, ahead of their forecast. They expect to remain free cash flow positive for the entirety of 2025.

US Manufacturing Ramp-Up

SolarEdge is ramping up US manufacturing, creating nearly 2,000 jobs and achieving significant production capacities at their Austin and Florida facilities.

Innovation and Product Development

Introduction of the SolarEdge ONE Controller in Europe and the upcoming Nexus residential portfolio, including a powerful inverter and modular battery, are expected to drive future growth.

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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

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SEDG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 05, 2025	2025 (Q1)	-1.16 / -	-1.9	―	―	―
Feb 19, 2025	2024 (Q4)	-1.50 / -3.52	-0.92	-282.61% (-2.60)
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)

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
Feb 19, 2025	$16.93	$19.63	+15.95%
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%

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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