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SolarEdge (SEDG) Revenue & Revenue Breakdown

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SolarEdge Revenue Highlights

Latest Revenue (Y)

$2.98B

Latest Revenue (Q)

$265.40M

Main Segment (Y)

Inverters

Main Geography (Y)

United States

SolarEdge Revenue by Period

SolarEdge Revenue by Year

DateRevenueChange
2023-12-31$2.98B-4.30%
2022-12-31$3.11B58.38%
2021-12-31$1.96B34.58%
2020-12-31$1.46B2.36%
2019-12-31$1.43B52.11%
2018-12-31$937.24M54.39%
2017-12-31$607.04M23.93%
2016-06-30$489.84M50.68%
2015-06-30$325.08M144.02%
2014-06-30$133.22M68.55%
2013-06-30$79.03M4.89%
2012-06-30$75.35M-

SolarEdge generated $2.98B in revenue during NA 2023, up -4.30% compared to the previous quarter, and up 317.59% compared to the same period a year ago.

SolarEdge Revenue by Quarter

DateRevenueChange
2024-06-30$265.40M29.85%
2024-03-31$204.40M-35.33%
2023-12-31$316.04M-56.43%
2023-09-30$725.30M-26.83%
2023-06-30$991.29M5.02%
2023-03-31$943.89M5.97%
2022-12-31$890.70M6.45%
2022-09-30$836.72M14.97%
2022-06-30$727.77M11.10%
2022-03-31$655.08M18.69%
2021-12-31$551.91M4.85%
2021-09-30$526.40M9.65%
2021-06-30$480.06M18.39%
2021-03-31$405.49M13.23%
2020-12-31$358.11M5.92%
2020-09-30$338.10M1.88%
2020-06-30$331.85M-23.04%
2020-03-31$431.22M3.11%
2019-12-31$418.22M1.87%
2019-09-30$410.56M26.32%
2019-06-30$325.01M19.55%
2019-03-31$271.87M3.11%
2018-12-31$263.67M11.45%
2018-09-30$236.58M4.17%
2018-06-30$227.12M8.22%
2018-03-31$209.87M10.84%
2017-12-31$189.34M13.68%
2017-09-30$166.55M22.38%
2017-06-30$136.10M18.29%
2017-03-31$115.05M3.18%
2016-12-31$111.51M-13.21%
2016-09-30$128.48M2.99%
2016-06-30$124.75M-0.36%
2016-03-31$125.20M0.30%
2015-12-31$124.83M8.50%
2015-09-30$115.05M16.90%
2015-06-30$98.42M13.91%
2015-03-31$86.40M17.89%
2014-12-31$73.29M9.44%
2014-09-30$66.97M50.25%
2014-06-30$44.57M45.85%
2014-03-31$30.56M-

SolarEdge generated $265.40M in revenue during Q2 2024, up 29.85% compared to the previous quarter, and up 28.12% compared to the same period a year ago.

SolarEdge Revenue Breakdown

SolarEdge Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Other Products$220.45M$241.72M$307.22M$192.01M$165.21M
Communication$32.95M$72.81M---
Inverters$1.37B$1.14B$828.10M$641.80M$626.45M
Optimizers$902.41M$1.14B$828.54M$625.47M$634.01M

SolarEdge's latest annual revenue breakdown by segment (product or service), as of Dec 23: Inverters (54.31%), Optimizers (35.67%), Other Products (8.71%), and Communication (1.30%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
Solar$855.83M$196.78M$676.41M$947.36M$908.50M$836.97M$788.61M$687.60M$608.00M$502.71M$476.84M$431.45M$376.29M$327.09M$312.48M$310.05M$407.65M
Energy Storage$95.32M$17.83M---------------
All Other$2.24M$3.45M$59.78M$43.73M$35.20M$47.95M$40.03M$46.95M$49.45M$48.51M$29.12M$25.61M$22.29M$23.57M---
All other-----$53.56M$49.09M$31.33M---------

SolarEdge's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Solar (89.77%), Energy Storage (10.00%), and All Other (0.23%).

SolarEdge Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
Netherlands$326.31M$382.23M$222.10M$199.50M-
ITALY$223.94M$330.56M---
GERMANY$692.05M$449.16M---
United States$759.61M$1.13B$786.02M$613.09M-
Others$313.07M$286.33M$285.35M$220.15M$201.88M
Europe--$670.39M$426.53M-
NETHERLANDS----$199.53M
UNITED STATES----$678.57M
EuropeExceptNetherlandsMember----$345.69M

SolarEdge's latest annual revenue breakdown by geography, as of Dec 23: United States (32.81%), GERMANY (29.89%), Netherlands (14.10%), Others (13.52%), and ITALY (9.67%).

SolarEdge Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
JKSJinkoSolar$118.68B$23.04B
CSIQCanadian Solar$7.61B$1.33B
FSLRFirst Solar$3.32B$887.67M
SEDGSolarEdge$2.98B$265.40M
ENPHEnphase Energy$2.29B$380.87M
RUNSunrun$2.26B$537.17M
SPWRSunPower$1.69B$356.90M
MAXNMaxeon Solar$1.12B$187.46M
NOVASunnova Energy$720.65M$235.29M

SEDG Revenue FAQ

What is SolarEdge’s yearly revenue?

SolarEdge's yearly revenue for 2023 was $2.98B, representing a decrease of -4.30% compared to 2022. The company's yearly revenue for 2022 was $3.11B, representing an increase of 58.38% compared to 2021. SEDG's yearly revenue for 2021 was $1.96B, representing an increase of 34.58% compared to 2020.

What is SolarEdge’s quarterly revenue?

SolarEdge's quarterly revenue for Q2 2024 was $265.4M, a 29.85% increase from the previous quarter (Q1 2024), and a -73.23% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $204.4M, a -35.33% decrease from the previous quarter (Q4 2023), and a -78.35% decrease year-over-year (Q1 2023). SEDG's quarterly revenue for Q4 2023 was $316.04M, a -56.43% decrease from the previous quarter (Q3 2023), and a -64.52% decrease year-over-year (Q4 2022).

What is SolarEdge’s revenue growth rate?

SolarEdge's revenue growth rate for the last 3 years (2021-2023) was 51.56%, and for the last 5 years (2019-2023) was 108.78%.

What are SolarEdge’s revenue streams?

SolarEdge's revenue streams in c 23 are Other Products, Communication, Inverters, and Optimizers. Other Products generated $220.45M in revenue, accounting 8.71% of the company's total revenue, down -8.80% year-over-year. Communication generated $32.94M in revenue, accounting 1.30% of the company's total revenue, down -54.75% year-over-year. Inverters generated $1.37B in revenue, accounting 54.31% of the company's total revenue, up 20.83% year-over-year. Optimizers generated $902.41M in revenue, accounting 35.67% of the company's total revenue, down -20.50% year-over-year.

What is SolarEdge’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of SolarEdge was Inverters. This segment made a revenue of $1.37B, representing 54.31% of the company's total revenue.