SolarEdge (SEDG) Revenue & Revenue Breakdown
SolarEdge Revenue Highlights
Latest Revenue (Y)
$2.98B
Latest Revenue (Q)
$204.40M
Main Segment (Y)
Inverters
Main Geography (Y)
United States
SolarEdge Revenue by Period
SolarEdge Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $2.98B | -4.30% |
| 2022-12-31 | $3.11B | 58.38% |
| 2021-12-31 | $1.96B | 34.58% |
| 2020-12-31 | $1.46B | 2.36% |
| 2019-12-31 | $1.43B | 52.11% |
| 2018-12-31 | $937.24M | 54.39% |
| 2017-12-31 | $607.04M | 23.93% |
| 2016-06-30 | $489.84M | 50.68% |
| 2015-06-30 | $325.08M | 144.02% |
| 2014-06-30 | $133.22M | 68.55% |
| 2013-06-30 | $79.03M | 4.89% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $204.40M | -35.33% |
| 2023-12-31 | $316.04M | -56.43% |
| 2023-09-30 | $725.30M | -26.83% |
| 2023-06-30 | $991.29M | 5.02% |
| 2023-03-31 | $943.89M | 5.97% |
| 2022-12-31 | $890.70M | 6.45% |
| 2022-09-30 | $836.72M | 14.97% |
| 2022-06-30 | $727.77M | 11.10% |
| 2022-03-31 | $655.08M | 18.69% |
| 2021-12-31 | $551.91M | 4.85% |
| 2021-09-30 | $526.40M | 9.65% |
| 2021-06-30 | $480.06M | 18.39% |
| 2021-03-31 | $405.49M | 13.23% |
| 2020-12-31 | $358.11M | 5.92% |
| 2020-09-30 | $338.10M | 1.88% |
| 2020-06-30 | $331.85M | -23.04% |
| 2020-03-31 | $431.22M | 3.11% |
| 2019-12-31 | $418.22M | 1.87% |
| 2019-09-30 | $410.56M | 26.32% |
| 2019-06-30 | $325.01M | 19.55% |
| 2019-03-31 | $271.87M | 3.11% |
| 2018-12-31 | $263.67M | 11.45% |
| 2018-09-30 | $236.58M | 4.17% |
| 2018-06-30 | $227.12M | 8.22% |
| 2018-03-31 | $209.87M | 10.84% |
| 2017-12-31 | $189.34M | 13.68% |
| 2017-09-30 | $166.55M | 22.38% |
| 2017-06-30 | $136.10M | 18.29% |
| 2017-03-31 | $115.05M | 3.18% |
| 2016-12-31 | $111.51M | -13.21% |
| 2016-09-30 | $128.48M | 2.99% |
| 2016-06-30 | $124.75M | -0.36% |
| 2016-03-31 | $125.20M | 0.30% |
| 2015-12-31 | $124.83M | 8.50% |
| 2015-09-30 | $115.05M | 16.90% |
| 2015-06-30 | $98.42M | 13.91% |
| 2015-03-31 | $86.40M | 17.89% |
| 2014-12-31 | $73.29M | 9.44% |
| 2014-09-30 | $66.97M | 50.25% |
| 2014-06-30 | $44.57M | 45.85% |
| 2014-03-31 | $30.56M | - |
SolarEdge generated $204.40M in revenue during Q1 2024, up -35.33% compared to the previous quarter, and up 22.95% compared to the same period a year ago.
SolarEdge Revenue Breakdown
SolarEdge Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 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/Service | Mar 24 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Solar | $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 | $17.83M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| All Other | $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 Mar 24: Solar (90.24%), Energy Storage (8.18%), and All Other (1.58%).
SolarEdge Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| JKS | JinkoSolar | $118.68B | $23.04B |
| CSIQ | Canadian Solar | $7.61B | $1.33B |
| FSLR | First Solar | $3.32B | $794.11M |
| SEDG | SolarEdge | $2.98B | $204.40M |
| ENPH | Enphase Energy | $2.29B | $263.34M |
| RUN | Sunrun | $2.26B | $458.19M |
| SPWR | SunPower | $1.69B | $356.90M |
| MAXN | Maxeon Solar | $1.12B | $187.46M |
| NOVA | Sunnova Energy | $720.65M | $160.90M |
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 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). The company'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). SEDG's quarterly revenue for Q3 2023 was $725.3M, a -26.83% decrease from the previous quarter (Q2 2023), and a -13.32% decrease year-over-year (Q3 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.