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SolarEdge Expects Q3 Revenues Of $260M - $290M, Est $357.71M

Author: Benzinga Newsdesk | August 07, 2024 06:03pm

The Company also provides guidance for the third quarter ending September 30, 2024 as follows:

Non-GAAP gross margin expected to be within the range of negative 3% to positive 1%, including approximately 560 basis points of net IRA manufacturing tax credit
Non-GAAP operating expenses to be within the range of $111 million to $116 million
Revenues from the solar segment to be within the range of $245 million to $280 million
Gross margin from the solar segment expected to be within the range of 0% to 4% including approximately 590 basis points of net IRA manufacturing tax credit

Posted In: SEDG