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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--4.30%
2022-12-31-58.38%
2021-12-31-34.58%
2020-12-31-2.36%
2019-12-31-52.11%
2018-12-31-54.39%
2017-12-31-23.93%
2016-06-30-50.68%
2015-06-30-144.02%
2014-06-30-68.55%
2013-06-30-4.89%
2012-06-30--

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
2024-06-30-29.85%
2024-03-31--35.33%
2023-12-31--56.43%
2023-09-30--26.83%
2023-06-30-5.02%
2023-03-31-5.97%
2022-12-31-6.45%
2022-09-30-14.97%
2022-06-30-11.10%
2022-03-31-18.69%
2021-12-31-4.85%
2021-09-30-9.65%
2021-06-30-18.39%
2021-03-31-13.23%
2020-12-31-5.92%
2020-09-30-1.88%
2020-06-30--23.04%
2020-03-31-3.11%
2019-12-31-1.87%
2019-09-30-26.32%
2019-06-30-19.55%
2019-03-31-3.11%
2018-12-31-11.45%
2018-09-30-4.17%
2018-06-30-8.22%
2018-03-31-10.84%
2017-12-31-13.68%
2017-09-30-22.38%
2017-06-30-18.29%
2017-03-31-3.18%
2016-12-31--13.21%
2016-09-30-2.99%
2016-06-30--0.36%
2016-03-31-0.30%
2015-12-31-8.50%
2015-09-30-16.90%
2015-06-30-13.91%
2015-03-31-17.89%
2014-12-31-9.44%
2014-09-30-50.25%
2014-06-30-45.85%
2014-03-31--

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-----
Communication-----
Inverters-----
Optimizers-----

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-----------------
Energy Storage-----------------
All Other-----------------
All other-----------------

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-----
ITALY-----
GERMANY-----
United States-----
Others-----
Europe-----
NETHERLANDS-----
UNITED STATES-----
EuropeExceptNetherlandsMember-----

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--
CSIQCanadian Solar--
FSLRFirst Solar--
SEDGSolarEdge--
ENPHEnphase Energy--
RUNSunrun--
SPWRSunPower--
MAXNMaxeon Solar--
NOVASunnova Energy--

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.