SolarEdge(SEDG) - 2024 Q2 - Quarterly Results

Exhibit 99.1 SolarEdge Announces Second Quarter 2024 Financial Results MILPITAS, Calif. — August 7, 2024. SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights • Revenues of $265.4 million • Revenues from solar segment of $241.2 million • GAAP gross margin of negative 4.1% • Non-GAAP gross margin1 of 0.2%, including 330 basis points of net IRA benefit • Gross ma ...