SolarEdge Guides Q3 Revenue to $325 Million as Q2 Sales Rise 19.6%
Updated
Updated · Yahoo Finance UK · Aug 11
SolarEdge Guides Q3 Revenue to $325 Million as Q2 Sales Rise 19.6%
3 articles · Updated · Yahoo Finance UK · Aug 11
Summary
$325 million in Q3 revenue guidance missed analysts' $371.8 million estimate by 12.6%, overshadowing a stronger-than-expected second quarter.
$346.2 million in Q2 revenue topped forecasts and rose 19.6% year over year, while adjusted EPS came in at $0.05 versus break-even expectations.
U.S. residential weakness, uncertainty around domestic content rules, and seasonal demand declines in Europe drove the softer outlook, with management saying it does not expect a typical third-quarter U.S. pickup.
Operating margin improved to negative 4.6% from negative 39.9% a year earlier, but the company warned gross margins will likely compress next quarter on lower volumes and fixed-cost absorption.
Management said Europe, storage demand, the Nexis platform and data-center power infrastructure remain growth areas, though regulatory and market uncertainty could persist for several quarters.