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SolarEdge sees Q2 revenue $250M-$280M, consensus $305.99M

Sees Q2 revenues to be within the range of $250M-$280M, non-GAAP gross margin expected to be within the range of negative 4% to 0%, including approximately 350 basis points of net IRA manufacturing tax credit, non-GAAP operating expenses to be within the range of $116M-$120M, revenues from the solar segment to be within the range of $225M-$255M and gross margin from the solar segment expected to be within the range of negative 3% to positive 1% including approximately 420 basis points of net IRA manufacturing tax credit.

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