SolarEdge Technologies Non-GAAP EPS of -$1.79 misses by $0.23, revenue of $265.4M beats by $2.97M

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

• Revenues to be within the range of $260 million to $290 million
• 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