Solaredge Technologies reported a net loss of $8.39 million for Q3 2026.

Cover page 2 changes

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For the quarterly period ended June September 30, 2026

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As of August 3, November 2, 2026, there were 61,525,748 61,914,401 shares of the registrant's common stock, par value of $0.0001 per share, outstanding.

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Financial statements 25 changes

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Trade receivables, net of allowances of $ 28,909 29,034 and $ 17,224 , respectively

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Deferred revenues and customers customer advances

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Deferred revenues and customers customer advances

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Common stock of $ 0.0001 par value - Authorized: 125,000,000 ; Issued and outstanding: 61,512,619 61,908,887 and 60,360,154 shares as of June September 30, 2026 and December 31, 2025, respectively

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Other operating expense (income), net

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Foreign currency translation adjustments on intra-entity transactions that are of a long-term investment in nature ( 134

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Total T otal other comprehensive income (loss), net of tax

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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' E QUITY EQUITY (Unaudited)

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Issuance of common stock upon exercise of stock-based awards

Stock-based compensation

Other comprehensive loss, net

Balance as of September 30, 2026

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Issuance of common stock upon exercise of stock-based awards

Stock-based compensation

Other comprehensive loss, net

Balance as of September 30, 2025

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CONDENSED CONSOLIDATED STATEMENTS OF C ASH CASH FLOWS (Unaudited)

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Impairment of privately-held companies

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Loss (gain) from sale of property, plant and equipment

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Deferred revenues and customers advances

D eferred revenues and customer advances

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Proceeds from sales of available-for-sale marketable securities

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Withdrawal from (investment in) restricted bank deposits

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Payment for settlement of convertible notes

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Net N et cash provided by used in financing activities

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Note 1: GENERAL 7 changes

S olarEdge SolarEdge Technologies, Inc. (together with its subsidiaries, the "Company" or "SolarEdge") is a global smart energy technology company. The Company develops, manufactures, and sells products that address a broad range of energy market segments through its diversified product offering, including residential, commercial and large scale photovoltaic ("PV"), energy storage and backup solutions, electric vehicle ("EV") charging capabilities, home energy management, grid services and virtual power plants. By leveraging engineering capabilities and focusing on innovation, safety and reliability, SolarEdge creates smart energy solutions that power our lives and drive future progress.

4 unchanged paragraphs

Trade receivables are stated net of credit losses allowance. The Company is exposed to credit losses primarily through the sale of products. The allowance against gross trade receivables reflects the current expected credit loss inherent in the receivables portfolio determined based on the Company's methodology. The Company's methodology is based on historical collection experience, customer creditworthiness and current economic condition. conditions. Additionally, specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. Trade receivables are written off after all reasonable means to collect the full amount have been exhausted.

1 unchanged paragraph

Six Months Ended June 30,

1 unchanged paragraph

Additions to allowance for credit losses not previously recorded ( 6,727 ( 21,171

Provision for credit loss

Recoveries collected

3 unchanged paragraphs

The preparation of financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, costs and expenses, government grants, income taxes and related disclosures in the accompanying notes. Actual results could differ from those estimates.

2 unchanged paragraphs

Notes to the financial statements 19 changes

1 unchanged paragraph

On March 15, 2024, Abdul Hirani filed a purported derivative complaint (the "Hirani Complaint") in the U.S. District Court for the Southern District of New York against certain current and former SolarEdge executive officers and board members, including Zvi Lando, Ronen Faier, Nadav Zafrir, Betsy Atkins, Marcel Gani, Dana Gross, Dirk Hoke, Avery More, and Tal Payne. The Hirani Complaint makes largely the same allegations as those in the Consolidated Securities Litigation. The Hirani Complaint brings claims for (i) breach of fiduciary duty, (ii) aiding and abetting breach of fiduciary duty, (iii) unjust enrichment, (iv) waste of corporate assets, and (v) securities fraud under Section 10(b) of the Exchange Act. The complaint seeks compensatory and punitive damages, interest, attorneys' fees, and other relief.

On June 10, 2024, Jonathan Blaufarb filed a second purported derivative complaint (the "Blaufarb Complaint") in the U.S. District Court for the Southern District of New York against the same defendants as those named in the Hirani Complaint as well as Lior Danziger and J.B. Lowe. The Blaufarb Complaint makes largely the same allegations as those in the complaint in the Consolidated Securities Litigation and seeks declaratory relief, corporate governance reforms, damages, restitution, attorneys' fees, and other relief. It also pleads the same counts as those in the Hirani Complaint, as well as additional counts for abuse of control and gross mismanagement. Defendants accepted service of the Hirani and Blaufarb complaints via stipulation that was so-ordered on July 12, 2024, and the two cases were consolidated with the Hirani matter designated as the lead case (together, the "Consolidated Derivative Actions"). On September 9, 2024 the parties agreed to stay the Hirani and Blaufarb actions pending a decision on the motion to dismiss in the Consolidated Securities Litigation. Following the decision granting in part and denying in part the motion to dismiss the Second Amended Complaint in the Consolidated Securities Litigation, the parties entered into a new stipulation on June 20, 2025, staying this consolidated derivative action through the close of fact discovery in the Consolidated Securities Litigation.

O n August 7, 2024, Edwin Isaac filed a purported derivative complaint (the "Isaac Complaint") in the U.S. District Court for the District of Delaware against the same defendants as those named in the Consolidated Derivative Actions. The Isaac Complaint makes largely the same allegations as those in the Consolidated Securities Litigation. It also pleads the similar counts to those in the Consolidated Securities Litigation, including (i) breach of fiduciary duty, (ii) contribution, (iii) violation of Section 14(a) of the Exchange Act and SEC Rule 14a-9, (iv) unjust enrichment, (v) waste of corporate assets, and (vi) aiding and abetting breach of fiduciary duty. The complaint seeks declaratory relief, damages, interest, unspecified equitable relief, attorneys' fees, and other relief. The parties filed a stipulation on June 30, 2025, agreeing to stay the Isaac matter through the close of fact discovery in the Consolidated Securities Litigation.

On May 22, 2025, Mike Maddox, a purported shareholder, filed a derivative complaint (the "Maddox Complaint") in the U.S. District Court for the Southern District of New York against the same Defendants as those named in the earlier-filed derivative actions. The Maddox Complaint makes largely the same allegations as those in the Consolidated Securities Litigation and the other derivative actions. It also pleads similar counts to those in the other derivative actions, including (i) breach of fiduciary duty, (ii) gross mismanagement, (iii) waste of corporate assets, (iv) unjust enrichment, and (v) violation of Section 14(a) of the Exchange Act. The parties filed a stipulation on July 21, 2025, agreeing to stay the Maddox Complaint through the close of fact discovery in the Consolidated Securities Litigation.

On September 9, 2025, Jerald F. Chauncey, Jr. filed a complaint (the "Chauncey Complaint") in the Delaware Court of Chancery, against the same defendants as those named in the other derivative actions. The Chauncey Complaint makes largely the same allegations as those in the Consolidated Securities Litigation and other derivative actions. It also pleads similar counts to those in other derivative actions, including (i) breach of fiduciary duty, (ii) unjust enrichment, and (iii) waste of corporate assets. The parties filed a stipulation on October 7, 2025, agreeing to stay the Chauncey matter through the close of fact discovery in the Consolidated Securities Litigation.

On July 29, 2026, Sara Per ("Per") filed a purported derivative complaint in the Delaware Court of Chancery against the same Defendants as those named in the Consolidated Derivative Action. The Per complaint makes largely the same allegations as those in the Securities Litigation and the other derivative actions. It also pleads similar counts to those in the Consolidated Derivative Action, including (i) breach of fiduciary duty, (ii) gross mismanagement, (iii) waste of corporate assets, and (iv) unjust enrichment. The parties intend to file a stipulation agreeing to stay the Per matter through the close of fact discovery in the Consolidated Securities Litigation.

On July 30, 2026, Andres Bolin Rivera ("Rivera") filed a purported derivative complaint in the U.S. District Court for the District of Delaware against the same Defendants as those named in the Consolidated Derivative Action. The Rivera complaint, which is currently filed under seal, likely makes largely the same allegations as those in the Securities Litigation and the other derivative actions. The parties intend to file a stipulation agreeing to stay the Rivera matter through the close of fact discovery in the Securities Litigation.

On January 13, 2025, Stellantis Europe S.p.A. ("Stellantis") submitted an application for injunctive relief, to the Court of Turin, Italy, claiming that SolarEdge e-Mobility was allegedly in breach of contract. The application for injunctive relief is aimed at obtaining the following interim measures: (i) to order the Company to resume supply of spare parts and technical assistance activities in favor of Stellantis; and (ii) to order the Company to pay a penalty of 100,000 EUR for each day of delay in fulfilling the order above. At a hearing on February 25, 2025 the parties discussed the case. On May 8, 2025, the court denied Stellantis' request for injunction and on July 2, 2025 Stellantis appealed. A hearing on the appeal was held on March 13, 2026, and by an order issued on May 6, 2026, the Court of Turin rejected the appeal filed by Stellantis. On February 11, 2026, the Company completed the sale of SolarEdge e-Mobility.

On September 15, 2025, Ampt, LLC ("Ampt") filed a lawsuit in the District of Delaware seeking to enforce an agreement between Ampt and the Company. The Company had invoked a force majeure clause in relation to its performance of the agreement, valued at $ 54 million over a period of five years , in October 2023. The Company filed an answer on December 1, 2025, and the court ordered a disclosure schedule to begin in January 2026. The case is scheduled for trial on November 1, 2027. On January 5, 2026, the parties met for mediation, which has been inconclusive. Fact discovery commenced during the first half of 2026. The Company disputes the allegations and intends to vigorously defend against them.

In September 2025, the FASB issued ASU 2025-07, "Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract" ("ASU 2025-07"), which (i) expands the scope exception of Topic 815 to exclude certain contracts with a variable that is based on operations or activities specific to one of the parties to the contract and (ii) clarifies the scope of share-based payments from a customer in a revenue contract. ASU 2025-07 is effective for annual reporting periods beginning after December 15, 2026, and interim periods within that year. Early adoption is permitted and must be applied as of the beginning of the fiscal year that includes the interim period. The Company adopted this ASU as of January 1, 2026. The adoption of this new ASU did not have a material impact on the Company's condensed consolidated financial statements.

New accounting pronouncements not yet effective

In November 2024, the FASB issued ASU 2024-03, "Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income (loss) Statement Expenses" ("ASU 2024-03"). ASU 2024-03 requires disaggregation of certain costs and expenses included in each relevant expense caption on the Company's consolidated income (loss) statements in a separate note to the financial statements at each interim and annual reporting period, including amounts of purchases of inventory, employee compensation, depreciation, and intangible asset amortization. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2024-03 on its consolidated financial statements disclosures.

In September 2025, the FASB issued ASU 2025-06, "Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software" ("ASU 2025-06"), which simplifies the capitalization guidance by removing all references to software development project stages so that the guidance is neutral to different software development methods. ASU 2025-06 is effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. Early adoption is permitted. ASU 2025-06 permits an entity to apply the new guidance using a prospective, retrospective or modified transition approach. The Company is currently evaluating the impact of adopting ASU 2025-06 on its consolidated financial statements.

In November 2025, the FASB issued ASU 2025-09 to amend the guidance in Derivatives and Hedging (Topic 815). The update provides targeted improvements intended to enhance the application of hedge accounting, including expanded eligibility of forecasted transactions, additional flexibility in measuring hedge effectiveness, and clarifications related to hedging non-financial items. The guidance is effective for fiscal years beginning after December 15, 2026, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting ASU 2025-09 on its financial statement disclosures.

In December 2025, the FASB issued ASU 2025-10, "Accounting for Government Grants Received by Business Entities" ("ASU 2025-10"), which establishes the accounting and presentation for government grants received by a business entity. ASU 2025-10 is effective for annual reporting periods beginning after December 15, 2028, and interim reporting periods within those annual reporting periods. Early adoption is permitted. ASU 2025-10 permits an entity to apply the new guidance using a modified prospective basis, a modified retrospective basis, or a full retrospective basis. The Company is currently evaluating the impact of adopting ASU 2025-10 on its consolidated financial statements.

In December 2025, the FASB issued ASU 2025-11, "Interim Reporting (Topic 270): Narrow-Scope Improvements" ("ASU 2025-11"), which clarifies the guidance in Topic 270 to improve the consistency of interim financial reporting. ASU 2025-11 provides a comprehensive list of required interim disclosures and introduces a disclosure principle requiring entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. ASU 2025-11 is effective for interim reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2025-11 on its consolidated financial statements.

In May 2026, the FASB issued ASU 2026-02, "Environmental Credits and Environmental Credit Obligations (Topic 818)" ("ASU 2026-02"). The ASU establishes authoritative guidance for the accounting of environmental credits and environmental credit obligations, including recognition, measurement, presentation, and disclosure requirements, in an effort to reduce diversity in practice and increase consistency of application across reporting entities. The ASU is effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. Adoption of this ASU should be applied on a retrospective basis through a cumulative-effect adjustment to the opening balance of retained earnings (or other appropriate components of equity or net assets on the balance sheet) as of the beginning of the annual reporting period of adoption, without recasting for any financial statement information before the period of adoption. Early adoption is permitted as of the beginning of an annual reporting period. The Company is currently evaluating the impact of adopting ASU 2026-02 on its consolidated financial statements.

SOLAREDGE TECHNOLOGIES, INC. | 2026 Form 10-Q | F - 11

SOLAREDGE TECHNOLOGIES, INC.

Note 2: MARKETABLE SECURITIES 7 changes

The following is a summary of available-for-sale marketable securities as of June 30, 2026:

Gross unrealized gains

Matures within one year:

As of September 30, 2026, the Company did not hold any available-for-sale marketable securities.

4 unchanged paragraphs

The Company did not sell any available-for-sale marketable securities during the three and six nine months ended June September 30, 2026. and 2025.

Proceeds from the sale of available-for-sale marketable securities, during the three and nine months ended September 30, 2025, were $ 76,288 , which did not lead to realized gains or losses.

As of June 30, 2026 and December 31, 2025, the Company did not record an allowance for credit losses for its available-for-sale marketable securities.

2 unchanged paragraphs

Note 4: PREPAID EXPENSES AND OTHER CURRENT ASSETS 2 changes

6 unchanged paragraphs

SOLAREDGE TECHNOLOGIES INC. | 2026 Form 10-Q | F - 13

SOLAREDGE TECHNOLOGIES, INC.

Note 5: OTHER LONG-TERM ASSETS 1 change

4 unchanged paragraphs

SOLAREDGE TECHNOLOGIES, INC. | 2026 Form 10-Q | F - 14 13

1 unchanged paragraph

Note 6: DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES 12 changes

The Company maintains a foreign currency cash flow hedging policy designed to mitigate exposure to fluctuations in exchange rates. Under this policy, the Company hedges portions of its anticipated payroll expenses denominated in New Israeli Shekels ("NIS") for periods of one to nine months. These hedging contracts are designated as cash flow hedges in accordance with Accounting Standards Codification ASC 815, "Derivatives and Hedging," and are considered effective.

As of June September 30, 2026, the Company entered into forward contracts as well as put and call options to sell U.S. dollars ("USD") in the amounts of NIS 264 million and NIS 33 492 million. respectively.

1 unchanged paragraph

As of June September 30, 2026, the Company entered into forward contracts to sell Euro ("EUR") in the amounts of USD 35 18 million.

9 unchanged paragraphs

Derivative liabilities of options and forward contracts:

Designated cash flow hedges

Accrued expenses and other current liabilities

2 unchanged paragraphs

Non-designated hedging instruments

Condensed consolidated statements of loss - Financial income (expense), net ( 4,185 656 ( 4,185 hedging instruments 154 ( 3,621

Designated hedging instruments

Condensed consolidated statements of comprehensive loss - Cash flow hedges ( 3,485

See Note 15, 16, Accumulated Other Comprehensive Income (Loss), for information regarding gains (losses) from designated hedging instruments reclassified from accumulated other comprehensive income (loss).

SOLAREDGE TECHNOLOGIES, INC. | 2026 Form 10-Q | F - 15 14

1 unchanged paragraph

Note 7: FAIR VALUE MEASUREMENTS 5 changes

In accordance with ASC 820, "Fair Value Measurement," the Company measures its cash equivalents and marketable securities at fair value using the market approach valuation technique. Cash and cash equivalents are classified within Level 1 because these assets are valued using quoted market prices. Marketable securities and foreign currency derivative contracts are classified within Level 2 due to these assets being because they are valued by using alternative pricing sources and models utilizing market observable inputs.

The following table sets forth the Company's assets and liabilities that were measured at fair value as of June September 30, 2026, and December 31, 2025, by level within the fair value hierarchy:

7 unchanged paragraphs

SOLAREDGE TECHNOLOGIES INC. | 2026 Form 10-Q | F - 16

SOLAREDGE TECHNOLOGIES, INC.

Derivative instruments

Note 8: WARRANTY OBLIGATIONS 4 changes

Three Months Ended June 30,

Six Months Ended June 30,

Changes in the Company's product warranty obligations for the three and six nine months ended June September 30, 2026 and 2025, were as follows:

5 unchanged paragraphs

SOLAREDGE TECHNOLOGIES, INC. | 2026 Form 10-Q | F - 17 15

1 unchanged paragraph

Note 10: ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES 1 change

6 unchanged paragraphs

SOLAREDGE TECHNOLOGIES, INC. | 2026 Form 10-Q | F - 18 16

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Note 12: CONVERTIBLE SENIOR NOTES 2 changes

1 unchanged paragraph

On June 28, 2024, the Company sold an aggregate principal amount of $ 300,000 of its 2.25 % convertible senior notes, due in 2029 (the "Notes 2029"). The Notes 2029 were sold pursuant to an indenture, dated June 28, 2024 (the "Indenture 2029"), between the Company and U.S. Bank National Association, as trustee. The Notes 2029 will bear interest at a rate of 2.25% per year, payable semiannually in arrears on January 1 and July 1 of each year, beginning on January 1, 2025. The Notes 2029 mature on July 1, 2029 , unless repurchased, redeemed or converted in accordance with their terms prior to such date. The Notes 2029 are general senior unsecured obligations of the Company. Holders may convert their Notes 2029 at any time prior to the close of business on the business day immediately preceding April 1, 2029, in multiples of $ 1,000 principal amount, only under the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ending on September 30, 2024 (and only during such calendar quarter), if the last reported sale price of the common stock for at least 20 trading days (whether or not consecutive) during the period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; (2) during the five business day period after any five consecutive trading day period in which the trading price per $ 1,000 principal amount of the Notes 2029 for each trading day of that five consecutive trading day period was less than 98% of the product of the last reported sale price of the common stock and the conversion rate on each such trading day; or (3) upon the occurrence of specified corporate events or if the Company provides a notice of redemption as described in the Indenture 2029. During the quarter ended June 30, 2026, the last reported sale price condition described above was satisfied. Accordingly, As a result, holders of the Notes 2029 are convertible at the option of could convert them during the quarter ended September 30, 2026. No holders exercised this option during that quarter. During the quarter ending ended September 30, 2026, the last reported sale price condition was not satisfied. The Company will continue to assess the conversion conditions on a quarterly basis in accordance with the terms of each quarter, as required by the Indenture 2029.

5 unchanged paragraphs

SOLAREDGE TECHNOLOGIES, INC. | 2026 Form 10-Q | F - 19 18

1 unchanged paragraph

Note 13: OTHER LONG-TERM LIABILITIES 2 changes

1 unchanged paragraph

Total other long-term liabilities

SOLAREDGE TECHNOLOGIES, INC. | 2026 Form 10-Q | F - 21 20

1 unchanged paragraph

Note 16: ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 9 changes

Six Months Ended June 30,

The following table summarizes the changes in accumulated balances of other comprehensive income (loss), net of taxes:

Three Months Ended June September 30,

Nine Months Ended September 30,

Unrealized gains (losses) on available-for-sale marketable securities ( 198 204

Net current period other comprehensive income (loss)

1 unchanged paragraph

Other comprehensive income (loss) before reclassifications

2 unchanged paragraphs

Net current period other comprehensive income (loss)

Foreign currency translation adjustments on intra-entity transactions that are of a long-term investment in nature ( 79,642 77,886 ( 11,840 ( 78,714 ( 134 ( 225

5 unchanged paragraphs

Note 18: INCOME TAXES 5 changes

For the six three months ended June September 30, 2026, the Company reported income taxes at an effective tax rate of negative 4.3 117.3 %, including discrete items, compared to the six three months ended June September 30, 2025, where the Company reported income taxes at an effective tax rate of negative 5.4 %.

For the three nine months ended June September 30, 2026, the Company reported income taxes at an effective tax rate of negative 8.2 9.2 %, including discrete items, compared to the three nine months ended June September 30, 2025, where the Company reported income taxes at an effective tax rate of negative 4.8 5.4 %.

The negative effective tax rate in the three and six nine months ended June September 30, 2026, resulted primarily from the valuation allowance on current losses and capital losses, coupled with profits in certain jurisdictions, as well as an increase in taxes resulting from non-deductible expenses and the write-off of a receivable related to prior years that was determined to be unrecoverable following the completion of the U.S. federal income tax audit for tax years 2021 through 2024, partially offset by a release of a provision for uncertain tax positions related to the completion of the audit. The negative effective tax rate in the corresponding periods in 2025 was mainly caused by the valuation allowance on current losses, coupled with withholding taxes incurred on certain intra-group interest payments and additional tax payable as a result of the settlement with the Israeli Tax Authority for tax years 2016–2018.

1 unchanged paragraph

Should the Company's operating results improve and projections show continued utilization of the tax attributes, the Company would consider that as significant positive evidence and future reassessment may result in the determination that all or a portion of the valuation allowance is no longer required. If this were to occur, any reversal of the valuation allowance would result in a corresponding non-cash income tax benefit, thereby increasing total net deferred tax assets.

In July 2025, the One Big Beautiful Bill Act, or H.R.1, was enacted into law, making permanent key elements of the Tax Cuts and Jobs Act, including 100 percent bonus depreciation, domestic research cost expensing, increases the AMIC Advanced Manufacturing Investment credit (Section 48D of the IRC, originally enacted as part of the CHIPS Act) rate to 35 percent from 25 percent for qualifying assets and makes modifications to the international tax framework. The H.R.1 includes multiple effective dates, with certain provisions effective in 2025 and others phased in through 2027. Given the Company's current loss position for income tax purposes, the provisions of H.R.1 did not have an impact on the current period. The Company continues to evaluate the provisions of H.R.1 that become effective in future years.

3 unchanged paragraphs

Note 20: SEGMENT INFORMATION 5 changes

4 unchanged paragraphs

Three Months Ended June 30,

Six Months Ended June 30,

The following tables present information on reportable loss for the period periods presented:

8 unchanged paragraphs

The following table presents revenues disaggregated by geographical location:

International markets

2 unchanged paragraphs

Forward-looking statements 232 changes

5 unchanged paragraphs

• changes in tax laws, tax treaties, regulations, guidance or the interpretation of them, including the Inflation Reduction Act and the H.R.1;

2 unchanged paragraphs

• changes in the U.S. and global trade environments, including the imposition and/or increase of import tariffs or other restrictive trade measures, such as restrictions imposed by the Federal Communications Commission ("FCC") on the authorization of equipment produced in foreign countries under the Secure and Trusted Communications Networks Act;

12 unchanged paragraphs

changing political, geopolitical conditions, and the conditions of the global energy market;

1 unchanged paragraph

• changing political, geopolitical conditions, and the conditions of the global energy market;

34 unchanged paragraphs

We are a global smart energy technology company. We develop, manufacture and sell products that address a broad range of energy market segments through our diversified product offering, including residential, commercial and large scale PV, energy storage and backup solutions, EV charging capabilities, home energy management, grid services and virtual power plants. By leveraging engineering capabilities and focusing on innovation, safety and reliability, we create smart energy solutions that power our lives and drive future progress. We launched or ramped up sales of several new products in the second quarter of 2026. Most notably, after we successfully launched SolarEdge Nexis, our next-generation residential product portfolio, we continued the rollout of the platform in key markets. We also expanded our commercial energy storage business with the CSS-OD 107, a 107 kWh battery, featuring a 29.9 kW or 49.9 kW battery inverter output, scalable up to 2.1MW hour size sites and the CSS-OD 197, a 197 kWh battery, featuring a 50 kW or 100 kW battery inverter output, scalable up to 4MW hour size sites. Both solutions are suitable for outdoor or indoor installations.

During 2026, we launched or ramped up sales of several new products. Most notably, we successfully launched SolarEdge Nexis, our next-generation residential product portfolio. In the third quarter of 2026, we continued the rollout of the platform in key markets.

In the C&I market, during the third quarter of 2026, we focused on ramping up the sales of our commercial energy storage business with the CSS-OD 107, a 107 kWh battery, featuring a 29.9 kW or 49.9 kW battery inverter output, scalable up to 2.1MW hour size sites and the CSS-OD 197, a 197 kWh battery, featuring a 50 kW or 100 kW battery inverter output, scalable up to 4MW hour size sites. Both are suitable for outdoor or indoor installations.

In Q2 2026, addition, we continued the transition of our inverter products to a Single SKU concept. This is a software-defined platform that significantly reduces the complexity of our business for residential and commercial applications globally. It allows us to manufacture and ship one SKU of an inverter to the residential market, and minimal SKUs for the commercial market, which can then be programmed to the desired kilowatt rating in the field. This framework simplifies forecasting, manufacturing, inventory management, logistics, service and support, for both us and our customers. It also adds flexibility for home and business owners who can boost the inverter rating if a larger system is needed in the future.

In light of U.S. Federal incentives supporting domestic manufacturing and domestic content, including incentives initially enacted under the Inflation Reduction Act (the "IRA"), in the United States, which incentivizes the local manufacturing of renewable energy products by providing benefits to installers for the purchase and installation of products with domestic content, as well as by incentivizing local manufacturing of our products, we manufacture the vast majority of our products in the United States. This includes inverters in Texas, power optimizers and inverters in Florida, and batteries in Utah. As part of our effort to streamline and centralize, we have discontinued manufacturing in China, Mexico, and Hungary. We continue to manufacture a minor portion of our products in Israel at our Sella 1 facility. We also continue to maintain manufacturing capabilities in Vietnam.

In the second third quarter of 2026, we continued to strategically focus on our core markets and product lines to better align resources with markets and product lines that exhibit the strongest potential. As part of this strategic portfolio rationalization, we are concentrating our operations in key jurisdictions while discontinuing local activities in certain countries. Accordingly, we operate as one operating segment that constitutes consolidated results.

In parallel to our core business, we are developing a direct current ("DC")-native, grid-to-rack power train solution for artificial intelligence ("AI") data centers. The solution is designed to carry power from the medium-voltage grid connection through conversion, distribution and protection to the compute rack. At its core is a solid-state transformer ("SST"), which is designed to convert medium-voltage alternating current ("AC") directly to an 800 volt DC ("VDC") distribution bus at high efficiency. The solution is currently under development and has not yet been commercialized.

Our revenues for the three months ended June September 30, 2026, and 2025 were $346.2 $326.1 million and $289.4 $340.2 million, respectively. Gross profit as a percentage of revenue for the three months ended June September 30, 2026, and 2025 was 27.5% 33.2% and 11.1%, 21.2%, respectively. Net loss for the three months ended June September 30, 2026, and 2025 was $30.8 $8.4 million and $124.7 $50.1 million, respectively.

Our revenues for the six nine months ended June September 30, 2026, and 2025 were $656.7 $982.8 million and $508.9 $849.1 million, respectively. Gross profit as a percentage of revenue for the six nine months ended June September 30, 2026, and 2025 was 24.9% 27.6% and 9.8%, 14.3%, respectively. Net loss for the six nine months ended June September 30, 2026, and 2025 was $88.1 $96.5 million and $223.3 $273.3 million, respectively.

SOLAREDGE TECHNOLOGIES, INC. | 2026 Form 10-Q | 5

1 unchanged paragraph

A prolonged softness in demand in the global market for PV products has continued to adversely impact the solar industry. Additionally, uncertainty related to changes in tariffs, trade restrictions and policies, legislation, and guidance, including from H.R.1, and proposed regulations in Germany that may negatively impact feed-in tariffs, may contribute to growing market volatility and adversely impact customer demand for our products, pricing and our financial performance. Despite a prolonged This softness in demand in the first half of 2026, we have seen an increase has led to a decrease in sales mainly of our C&I products. Additionally, in the second third quarter of 2026. We have seen an increase in demand for our batteries. We expect the softness in demand for PV products to continue in the third fourth quarter of 2026 and there can be no assurance that our sales will continue to increase or will not further decrease.

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SOLAREDGE TECHNOLOGIES INC. | 2026 Form 10-Q | 5

In August 2022, the U.S. government enacted the IRA, which contains several provisions intended to accelerate U.S. manufacturing and adoption of clean energy such as solar, wind, hydrogen and electric vehicles and therefore had positive impacts on our business and operations along with the overall U.S. solar market. Some of the applicable provisions in the IRA that positively impact the market for renewable energy include Section 48E, the tech-neutral investment tax credit ("ITC"), and 45Y, the production tax credit ("PTC"). The IRA includes incentives for residential and commercial solar customers and developers through the inclusion of ITCs for qualifying energy projects of up to 30% with a potential to gain further bonus credits such as through the utilization of Domestic Content. Section 45X of the IRA offers advanced manufacturing production credits ("AMPTCs") that incentivize the production of eligible components within the United States. In light of such incentives, we established manufacturing capabilities in the United States starting in 2023 and further expanded such capabilities in 2024, 2025 and 2026. On October 24, 2024, the U.S. Internal Revenue Service (the "IRS") and the U.S. Department of the Treasury (the "Treasury") issued a Notice of Proposed Rule followed by a Final Rule that became effective on December 27, 2024, concerning regulations regarding the application of Section 45X which contain details concerning eligibility, qualifying and accounting for AMPTCs for components produced and sold after December 31, 2022. Of particular relevance to the Company us are the tax credits that we generate as a result of rules concerning the qualification and measurement of AMPTCs to Residential Inverters, Commercial Inverters and DC-Optimized Inverter Systems that we manufacture in the United States. In 2024 and 2025, and continuing into 2026, we sold a significant part of the AMPTCs that we generated from our U.S. production of eligible components.

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H.R.1 accelerates accelerated the phase-out timeline for certain credits, eliminates eliminated the 25D individual homeowner credit, and imposes imposed new eligibility criteria. Among other changes, H.R.1 shortens the term of the ITC and PTC under Sections 48E and 45Y of the Internal Revenue Code (the "Code"), used by customers of SolarEdge who are engaged in third-party ownership ("TPO") models, such as residential solar leases and power purchase agreements, and commercial solar customers and developers, shortening the end date from 2034 to 2027. H.R.1 also included a 12-month period in which such customers who began construction were given four years to complete their projects through the end of 2030. Projects begun after twelve months from enactment (July 4, 2026) of H.R.1 must be placed in service by December 31, 2027, to receive the credit. H.R.1 eliminated the individual residential tax credit under Section 25D of the Code at the end of 2025. These changes may negatively impact the eligibility of our customers and individuals to obtain tax credits, which may negatively affect the overall demand for our products.

H.R.1 also amends the domestic content bonus credit rules for Section 48E projects. Projects commencing construction after June 16, 2025, must meet a 45% domestic content threshold, up from 40%. Since January 1, 2026, such threshold was increased to 50% and shall thereafter be further increased by 5% increase to 55% starting on an annual basis, until 2029. In addition, January 1, 2027. H.R.1 also introduced new restrictions relating to material assistance from Prohibited Foreign Entities ("PFE") requirements ("PFEs") for Sections 45X, 45Y and 48E of the Code. Since January 1, 2026, These restrictions rules generally require threshold percentages of non-PFE applicable facilities, energy storage technologies and eligible components to satisfy specified material assistance cost ratio requirements that increase over time. Currently, we manufacture components aimed at helping our customers meet their non-PFE percentage requirements. However, if the Treasury were to release new rules or guidance that impact our ability to provide components with non-PFE percentages towards their total requirement, our customers' eligibility to qualify for certain tax credits could be impaired, which may adversely affect our revenue, gross margins, business operations and competitive position. In addition, as of January 1, 2026, in order to receive the 45X credit, AMPTC, manufacturers must also reach a required percentage of non-PFE content in their manufactured components. Today, we meet the required threshold. However, if the Treasury guidance relating to the calculation of non-PFE content should change in a way that would impact our ability to reach that required percentage, it could have adverse impacts on our manufacturing costs, results of operations, cash flows, gross margin, and profits.

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On February 12, 2026, the U.S. Department of Treasury and IRS released IRS Notice 2026-15 providing additional guidance on H.R.1 related to the PFE rules enacted in H.R.1. Specifically, this notice confirms the ability to rely on temporary safe harbor tables and existing safe harbor tables for the determination of material assistance from a PFE. This guidance provides answers to several compliance questions related to the Company's 45X Credits material assistance calculations and its customers' 48E material assistance calculation among other things. While this removed some uncertainty around the Material Assistance Cost Ratio calculation, impending Notice of Proposed Rule and Final Rule on this same topic expected later this year could create challenges for the Company to meet the PFE requirements or to assist our customers in meeting them. If we are unable to meet the requirements this may adversely affect our revenue, or our customers' eligibility to obtain certain tax credits, the overall demand for our products, our results of operations, cash flows, gross margins and profits.

To the extent that tax benefits or credits may be impacted through new regulation, issued guidance, interpretation, or by new laws passed by Congress, our business could be disadvantaged or advantaged. Reductions in AMPTCs, without an offsetting reduction in our manufacturing costs, would adversely affect our results of operations and cash flows, and have an adverse impact on our gross margin, which may include transitioning into a gross loss. We continue to monitor the benefits that may be available to us, such as the availability of tax credits for domestic manufacturers.

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Trade and Tariff Uncertainties

On February 12, 2026, the U.S. Department of Treasury and IRS released IRS Notice 2026-15 providing additional guidance on H.R.1 related to the PFE rules enacted in H.R.1. Specifically, this notice confirms the ability to rely on temporary safe harbor tables and existing safe harbor tables for the determination of material assistance from a PFE. This guidance provides answers to several compliance questions related to our AMPTC material assistance calculations and its customers' 48E material assistance calculation among other things. While this removed some uncertainty around the Material Assistance Cost Ratio calculation, the Treasury and the IRS have indicated that they intend to issue proposed regulations and additional guidance regarding the PFE and material assistance requirements, which may include additional safe harbor tables. Such future regulations or guidance could affect the determination of our eligibility for AMPTCs and our customers' eligibility for Sections 45Y and 48E credits. If we are unable to meet the requirements this may adversely affect our revenue, or our customers' eligibility to obtain certain tax credits, the overall demand for our products, our results of operations, cash flows, gross margins and profits.

To the extent that tax benefits or credits may be impacted through new regulation, issued guidance, interpretation, or by new laws passed by Congress, our business could be disadvantaged or advantaged. Reductions in AMPTCs, without an offsetting reduction in our manufacturing costs, would adversely affect our results of operations and cash flows, and have an adverse impact on our gross margin, which may include transitioning into a gross loss. We continue to monitor the benefits that may be available to us, such as the availability of tax credits for domestic manufacturers.

Trade, Tariff, and Regulatory Uncertainties

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On July 28, 2026, the Federal Communications Commission (the "FCC") updated its "Covered List," maintained under the Secure and Trusted Communications Networks Act, to include power inverters produced in foreign countries, effective immediately and prospectively for new product authorizations. Under this action, new inverter models that do not qualify as "domestic end products" (as defined under the Buy American Act, 48 C.F.R. § 25.101(a)) are generally prohibited from receiving the FCC equipment authorizations required to import, market, or sell such products in the United States. The FCC's order applies to new inverter models and certain equipment modifications requiring FCC equipment authorization in the future and generally does not impact products that were authorized by the FCC prior to this order. We believe that SolarEdge inverter products continue to be eligible for sale and installation under the new order.

On February 20, 2026, the Supreme Court of the United States (the "U.S. Supreme Court") invalidated certain tariffs imposed under the International Emergency Economic Powers Act ("IEEPA"). Following the decision and subsequent actions by the U.S. Customs and Border Protection ("CBP"), we became eligible to claim refunds of previously paid IEEPA-related duties. In the three and six nine months ended June September 30, 2026, the Company we received and recognized refunds and associated interest of $13.6 million from CBP related to tariffs paid during fiscal 2025 and the first quarter of fiscal 2026. We recognized $36.8 million and $50.5 million during the three and nine months ended September 30, 2026, respectively, of which $13.3 $36.0 million and $49.3 million, respectively, was recognized as a reduction to cost of revenues and $0.3 $0.8 million and $1.2 million, respectively, was recognized as interest income. in We continue to pursue refunds of additional IEEPA-related duties. The three availability and six months ended June 30, 2026. Our timing of any remaining claims refunds are subject to applicable CBP review procedures and processing, ongoing judicial proceedings, and we cannot provide assurance regarding the amount or timing of any additional refunds. amounts that we may recover.

In addition, following the U.S. Supreme Court's ruling, the U.S. Administration imposed a temporary 10% import surcharge under Section 122 of the Trade Act of 1974 ("Section 122") The surcharge was initially set at 10% ad valorem on substantially all imports, with a statutory ceiling of 15%, subject to carve-outs for certain goods (e.g., electronics and critical minerals) and products qualifying under the United States-Mexico-Canada Agreement. exceptions. The surcharge took effect on February 24, 2026, for a maximum period of 150 days. and expired in July 2026, upon reaching the statutory 150-day limit. On May 7, 2026, the U.S. Court of International Trade held that the Section 122 proclamation was invalid This ruling has been and granted relief to certain plaintiffs. The U.S. Government appealed the decision, and the U.S. Court of Appeals for the Federal Circuit issued a temporary stay of subsequently stayed the ruling judgment pending resolution of the appeal. The evolving legal status and expiration of the Section 122 tariffs create additional uncertainty regarding our tariff exposure and any potential recovery of Section 122 duties paid. If the Section 122 proclamation is ultimately held invalid and refund mechanisms are established, we become entitled to refunds, we may be eligible to recover some or all of the Section 122 duties we previously paid. However, the outcome of the appeal our eligibility for, and the availability, timing and amount of, any potential such refunds remain uncertain and are subject to may depend on further judicial and administrative proceedings.

Although the IEEPA tariffs were invalidated, our tariff exposure has not been eliminated. During Effective July 24, 2026, the United States imposed additional tariffs under Section 301 of the Trade Act of 1974 ("Section 301") on imports from numerous trading partners, 60 economies in connection with the Office of the United States Trade Representative ("USTR") investigations relating to the failure of those economies to impose and effectively enforce prohibitions on imports produced with forced labor. The measures generally ranging from impose additional duties of 10% to or 12.5%, and subject to country-specific treatment and specified exceptions product exclusions and exemptions. These tariffs are in addition to existing tariff measures, including certain Section 301 tariffs applicable to imports from China. Other trade-related duties may also affect the products, components and raw materials used in our business.

On July 28, 2026, the FCC updated its "Covered List," maintained under the Secure and Trusted Communications Networks Act, to include certain power inverters produced in foreign countries, which generally prevents covered new inverter models from receiving FCC equipment authorizations required for their importation and sale in the United States. On August 20, 2026, the FCC modified the Covered List entry for power inverters following an updated national security determination, including to exclude from the applicable restrictions certain foreign-produced power inverters that are eligible for the advanced manufacturing production credit under Section 45X of the Code, as well as power inverters that qualify as domestic end products under the applicable Buy American Act standard. The FCC also revised the scope of power inverters covered by the restriction. The FCC's restrictions generally do not affect inverter models that received the applicable FCC authorization prior to July 28, 2026, although certain modifications or updates to previously authorized models may require further FCC review under the requirements then in effect. Based on the current requirements, we believe that our inverter products continue to be eligible for sale and installation in the United States. However, further changes to the Covered List or its interpretation, as well as the application of the applicable requirements to modifications or updates to previously authorized models, could affect our ability to obtain required FCC authorizations for future products.

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We have relocated our contract manufacturing to the United States, where we now manufacture the substantial majority of our products. We continue to manufacture a minor portion of our products in Israel at our Sella 1 facility and also continue to maintain manufacturing capabilities in Vietnam. Certain components and subcomponents used in our products continue to be sourced from suppliers outside the United States, including from China. Consequently, our cost structure may be affected by existing or future tariffs and other trade measures, including trade restriction orders. In addition, retaliatory measures imposed by other countries on products exported from the United States could adversely affect our international sales. In response to the evolving trade environment, we continue to evaluate and adjust our supply chain and sourcing strategies, including efforts to diversify suppliers and reduce tariff exposure where economically and operationally feasible. However, there can be no assurance that such efforts will fully mitigate the impact of current or future tariffs, trade restrictions or other trade-related measures, and any resulting increases in costs, supply chain disruptions or reductions in demand could adversely affect our business, financial condition and results of operations.

If the price of solar power systems increases, as well as tariffs or other trade measures increase the cost of manufacturing our products in the United States, the use or other components of solar power systems, solar power systems could become less economically feasible and attractive, which could further reduce our gross margins or reduce the demand of solar power systems manufactured and sold, which in turn may decrease demand for our products and adversely affect our gross margins. Additionally, existing or future tariffs may negatively affect key partners, suppliers and manufacturers. Such outcomes could adversely affect the amount or timing of our revenue, results of operations or cash flows, and continuing uncertainty could cause sales volatility, price fluctuations or supply shortages or cause our customers to advance or delay their purchase of our products. Any such developments could materially and adversely affect our business operations, results of operations and cash flows.

Separately, in Europe, on July 29, 2026, the German federal cabinet proposed a draft amendment to the German Renewable Energy Sources Act (the "EEG") that, if enacted, among other things, would phase out the fixed feed-in tariff for certain rooftop solar systems. The draft remains subject to review by the German parliament and to EU approval, and the final content and timing of any legislation are uncertain. If enacted as proposed, reduced feed-in tariff support could lower demand for new residential solar installations in Germany and, as a result, for our products. We cannot predict whether, when or in what form the proposed legislation will be adopted or its ultimate effect on our business.

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Due to the war in Gaza that began on October 7, 2023, followed by additional military conflicts with Iran and Hezbollah in Lebanon during 2024, 2025 and the first half nine months of 2026, some of our employees in Israel were called to active reserve duty and additional employees may be called in the future, if needed. In the three months ended June September 30, 2026, approximately 7% 5% of our employees in Israel were called to active reserve duty for varying periods. Despite the ceasefire framework agreed between Israel, Hamas, the United States and other countries in the region and the moderation of the hostilities involving Israel, Iran, Yemen and Lebanon, it is unknown whether any ceasefires or periods of relative calm will endure, or if other conflicts will reemerge or escalate in the future.

While our offices and facilities are open worldwide, including in Israel, remain open and, to date, we have not had material disruptions to our ability to manufacture and deliver products and services to customers, a reemergence of conflicts in Israel could materially adversely affect our business, financial condition, and results of operations. Due to the ongoing and evolving nature of the conflict in Israel, and the extent of these events, the adverse effect on our business operations is still unknown.

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Three Months Ended June 30, 1

Six Months Ended June 30, 1

1 Metrics may not match those disclosed in the 10-Q for June 30, 2025 due to change in performance measures since that time.

Inverters recognized as revenue (in thousands) 86.4 92.7 199.5 250.8

Power optimizers recognized as revenue (in thousands) 2,355.1 2,946.7 7,279.1 7,700.5

Megawatt hours recognized as revenue - batteries 388.0 230.0 1,145.0 617.0

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Research and development, net

General and administrative

Other operating expense, net

Total operating expenses

Financial income (expense), net

Loss before income taxes

September 30, Nine Months Ended

Revenues $ 326,076 $ 340,177 $ 982,822 $ 849,086

Cost of revenues 217,841 268,034 711,154 727,276

Gross profit 108,235 72,143 271,668 121,810

Research and development, net 52,492 54,146 155,398 169,529

Sales and marketing 26,448 26,911 81,162 87,293

General and administrative 28,718 26,574 89,679 76,546

Other operating expense (income), net 2,484 (338 ) 18,425 41,811

Total operating expenses 110,142 107,293 344,664 375,179

Operating loss (1,907 ) (35,150 ) (72,996 ) (253,369 )

Financial income (expense), net (1,952 ) 3,040 (15,367 ) 5,785

Other expense, net — (15,011 ) — (10,846 )

Loss before income taxes (3,859 ) (47,121 ) (88,363 ) (258,430 )

Income taxes (4,526 ) (2,563 ) (8,141 ) (13,946 )

Net loss from equity method investments — (376 ) — (951 )

Net loss $ (8,385 ) $ (50,060 ) $ (96,504 ) $ (273,327 )

Comparison of three and six nine months ended June September 30, 2026, and the three and six nine months ended June September 30, 2025

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Six months ended June 30, 2026 to 2025

Three months ended June September 30, 2026 to 2025 Nine months ended September 30, 2026 to 2025

2026 2025 Change 2026 2025 Change

Revenues $ 326,076 $ 340,177 $ (14,101 ) (4.1 )% $ 982,822 $ 849,086 $ 133,736 15.8 %

Revenues increased decreased by $56.8 $14.1 million, or 19.6%, 4.1%, in the three months ended June September 30, 2026, compared to the three months ended June September 30, 2025, primarily due to (i) an increase a decrease of $63.0 $73.8 million related to a higher in the number of batteries and battery accessories sold; inverters and (ii) an increase of $4.9 million in communication products optimizers sold; partially offset by (i) a decrease an increase of $13.9 $48.8 million in related to the number higher volume of inverters batteries sold, in MWh, and optimizers higher number of battery accessories sold; and (ii) a decrease an increase of $8.1 $9.9 million due related to the discontinuation higher number of our Energy Storage Business. ancillary solar products sold.

Revenues from outside of the U.S. comprised 55.3% of our revenues in the three months ended June September 30, 2026 compared to 36.0% 40.3% in the three months ended June September 30, 2025.

The number of power optimizers recognized as revenues decreased by approximately 0.1 0.6 million units, or 5.9%, 20.1%, from approximately 2.6 2.9 million units in the three months ended June September 30, 2025, to approximately 2.5 2.4 million units in the three months ended June September 30, 2026. The number of inverters recognized as revenues decreased by approximately 23.6 6.3 thousand units, or 27.4%, 6.8%, from approximately 86.2 92.7 thousand units in the three months ended June September 30, 2025, to approximately 62.6 86.4 thousand units in the three months ended June September 30, 2026. The megawatt hours of batteries recognized as revenues increased by approximately 217.0 158.0 megawatt hours, or 103.8%, 68.7%, from approximately 209.0 230.0 in the three months ended June September 30, 2025, to approximately 426.0 388.0 megawatt hours in the three months ended June September 30, 2026.

Revenues increased by $147.8 $133.7 million, or 29.0%, 15.8%, in the six nine months ended June September 30, 2026, compared to the six nine months ended June September 30, 2025, primarily due to (i) an increase of $115.0 $163.9 million related to the higher number volume of batteries sold, in MWh, and higher number of battery accessories sold; (ii) an increase of $31.1 $37.0 million related to an increase in the higher number of optimizers ancillary solar products sold and (iii) an increase of $10.1 $11.8 million related to an increase in communication products sold; ; these were partially offset by (i) a decrease of $17.0 $59.7 million related to a decrease in the number of inverters and optimizers sold; and (ii) a decrease of $15.2 $15.3 million in revenues due to the discontinuation of our Energy Storage Business.

Revenues from outside of the U.S. comprised 52.3% 53.3% of our revenues in the six nine months ended June September 30, 2026, compared to 37.7% 38.7% in the six nine months ended June September 30, 2025.

The number of power optimizers recognized as revenues increased decreased by approximately 0.1 0.4 million units, or 3.6%, 5.5%, from approximately 4.8 7.7 million units, in the six nine months ended June September 30, 2025, to approximately 4.9 7.3 million units in the six nine months ended June September 30, 2026. The number of inverters recognized as revenues decreased by approximately 45.0 51.3 thousand units, or 28.5%, 20.5%, from approximately 158.1 250.8 thousand units in the six nine months ended June September 30, 2025, to approximately 113.1 199.5 thousand units in the six nine months ended June September 30, 2026. The megawatt hours of batteries recognized as revenues increased by approximately 371.0 528.0 megawatt hours, or 96.1%, 85.6%, from approximately 386.0 617.0 megawatt hours in the six nine months ended June September 30, 2025, to approximately 757.0 1,145.0 megawatt hours in the six nine months ended June September 30, 2026.

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Six months ended June 30, 2026 to 2025

This was partially offset by:

• an increase of $25.2 million in indirect costs of revenue primarily related to inventory write-down accruals; and

• an increase in warranty expenses and warranty accruals of $4.7 million associated primarily with an increase in the volume of products sold.

• lower absolute fixed and other production related costs, which were divided this period by higher revenues, resulting in higher gross margin of approximately 10.5%; and

• an improvement in the direct cost of revenue of approximately 15.9% associated primarily to product mix and IEEPA refunds recognized.

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and 152 more changes in the filing

Market risk 4 changes

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Approximately 48.1% 48.5% and 34.1% 34.9% of our revenues for the six nine months ended June September 30, 2026 and 2025, respectively, were earned in non-U.S. dollar denominated currencies other than the U.S. dollar, principally the Euro. Our expenses are generally denominated in the currencies in which our operations are located, primarily the U.S. dollar, NIS, and Euro. Our NIS denominated expenses consist primarily of personnel and overhead costs. Our consolidated results of operations and cash flows are, therefore, subject to fluctuations due to changes in foreign currency exchange rates and may be adversely affected in the future due to changes in foreign exchange rates. A hypothetical 10% change in foreign currency exchange rates between the Euro and the U.S. dollar would increase or decrease our net loss by $14.8 $18.6 million for the six nine months ended June September 30, 2026. A hypothetical 10% change in foreign currency exchange rates between NIS and the U.S. dollar would increase or decrease our net loss by $26.3 $36.1 million for the six nine months ended June September 30, 2026.

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SOLAREDGE TECHNOLOGIES INC. | 2026 Form 10-Q | 19

Our trade accounts receivables potentially expose us to a concentration of credit risk with our major customers. As of June September 30, 2026, two major customers accounted for approximately 26.3% 27.2% of our consolidated trade receivables, net balance. As of June 30, December 31, 2025, two three major customers accounted for approximately 22.5% 45.5% of our consolidated trade receivables, net balance. For the three months ended June September 30, 2026, two three major customers accounted for approximately 28.8% 32.3% of our total revenues. For the three months ended June September 30, 2025, one major customer accounted for approximately 16.4% 23.1% of our total revenues. For the six nine months ended June September 30, 2026, one two major customer accounted for approximately 16.8% 24.0% of our total revenues. For the six nine months ended June September 30, 2025, two major customers accounted for approximately 24.0% 32.4% of our total revenues.

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SOLAREDGE TECHNOLOGIES, INC. | 2026 Form 10-Q | 19

Controls and procedures 3 changes

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Our management, with the participation of our chief executive officer and chief financial officer, evaluated the effectiveness of our disclosure controls and procedures pursuant to Rule 13a-15 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), as of June September 30, 2026. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.

Based on that evaluation, our chief executive officer and chief financial officer concluded, as of June September 30, 2026, that our disclosure controls and procedures were effective and operating to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms, and to provide reasonable assurance that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure.

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We substantially completed the implementation of our new ERP system during the fiscal quarter ended June 30, 2025. We are performing our post-implementation activities. The implementation of that ERP system is expected to, among other things, improve user access security and automate a number of accounting, back office and reporting processes and activities, thereby decreasing the amount of manual processes previously required. The implementation resulted in, and the post-implementation activities may result in, changes to certain of our processes and procedures. These changes have been and will continue to be subject to our evaluation of the operating effectiveness of internal controls over financial reporting. Except for the implementation of the new ERP system as described in this paragraph, there have been no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) of the Exchange Act) that occurred during the quarter ended June September 30, 2026, that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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Legal proceedings 1 change

In the normal course of business, we may from time to time be named as a party to various legal claims, actions and complaints (including as a result of initiating such legal claims, action or complaints on behalf of the Company), including the matters described in Note 14 – 15, "Commitments and Contingent Liabilities", to of our condensed consolidated financial statements in this Quarterly Report on Form 10-Q and in Item 3 – "Legal Proceedings" of our Annual Report on Form 10-K/A for the period fiscal year ended December 31, 2025. It is impossible to predict with certainty whether any resulting liability from any such legal claims, actions or complaints would have a material adverse effect on our financial position, results of operations or cash flows.

Risk factors 9 changes

In I n addition to the other information set forth in this report, you should carefully consider the risks set forth below and the risk factors as described in Part I, Item 1A, "Risk Factors", in our Annual Report on Form 10-K/A for the year ended December 31, 2025 (the "2025 Form 10-K/A"), and Part II, Item 1A, "Risk Factors," in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 (the "Q1 2026 Form 10-Q"), and Part II, Item 1A, "Risk Factors," in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 (together with the Q1 2026 Form 10-Q, the "Prior 2026 Forms 10-Q"). Other than the risk factors set forth below, there have been no material changes to the risk factors previously disclosed in the 2025 Form 10-K/A and Q1 Prior 2026 Form Forms 10-Q.

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In addition, particular, following the U.S. Supreme Court's ruling, the U.S. Administration imposed a temporary 10% import surcharge under Section 122 of the Trade Act of 1974 ("Section 122") The surcharge was initially set at 10% ad valorem on substantially all imports, with a statutory ceiling of 15%, subject to carve-outs for certain goods (e.g., electronics and critical minerals) and products qualifying under the United States-Mexico-Canada Agreement. exceptions. The surcharge took effect on February 24, 2026 for a maximum period of 150 days. and expired in July 2026 upon reaching the statutory 150-day limit. On May 7, 2026, the U.S. Court of International Trade held that the Section 122 proclamation was invalid This ruling has been and granted relief to certain plaintiffs. The U.S. Government appealed the decision, and the U.S. Court of Appeals for the Federal Circuit issued a temporary stay of subsequently stayed the ruling judgment pending resolution of the appeal. The evolving legal status and expiration of the Section 122 tariffs create additional uncertainty regarding our tariff exposure and any potential recovery of Section 122 duties paid during the quarter. If the Section 122 proclamation is ultimately held invalid and refund mechanisms are established, we become entitled to refunds, we may be eligible to recover some or all of the Section 122 that we have duties previously paid. However, the outcome of the appeal our eligibility for, and the availability, timing and amount of, any potential such refunds remain uncertain and are subject to may depend on further judicial and administrative proceedings.

Most recently, with upon the expiration of Section 122 tariffs in on July 24, 2026, the U.S. Administration imposed additional tariffs under Section 301 of the Trade Act of 1974 ("Section 301") on imports from numerous trading partners, 60 economies in connection with rates the Office of the United States Trade Representative ("USTR") investigations relating to the failure of those economies to impose and effectively enforce prohibitions on imports produced with forced labor. The measures generally ranging from impose additional duties of 10% to or 12.5%, subject to country-specific treatment and specified exemptions product exclusions and exceptions. exemptions. These tariffs are in addition to certain existing duties and may apply alongside other trade measures, including Section 301 tariffs applicable to imports from China, tariffs under Section 232 of the Trade Expansion Act of 1962, antidumping and countervailing duties, and any future tariffs or trade restrictions that may be adopted. As with the Section 122 surcharge discussed above, these Section 301 tariffs may also be subject to legal challenge, and we cannot predict the outcome of any such challenge or its effect on our tariff exposure.

In addition, on July 28, 2026, the Federal Communications Commission (the "FCC") updated its "Covered List," maintained under the Secure and Trusted Communications Networks Act, to include certain power inverters produced in foreign countries, effective immediately and prospectively for new product authorizations. Under this action, which generally prevents covered new inverter models that do not qualify as "domestic end products" (as defined under the Buy American Act, 48 C.F.R. § 25.101(a)) are generally prohibited from receiving the FCC equipment authorizations required to import, market, or sell such products for their importation and sale in the United States. On August 20, 2026, the FCC's order applies FCC modified the Covered List entry for power inverters following an updated national security determination, including to new inverter models and exclude from the applicable restrictions certain equipment modifications requiring foreign-produced power inverters that are eligible for the advanced manufacturing production credit under Section 45X of the Internal Revenue Code, as well as power inverters that qualify as domestic end products under the applicable Buy American Act standard. The FCC equipment authorization in also revised the future and scope of power inverters covered by the restriction. The FCC's restrictions generally does do not impact products affect inverter models that were authorized by received the applicable FCC authorization prior to this order. July 28, 2026, although certain modifications or updates to previously authorized models may require further FCC review under the requirements then in effect. Based on the current requirements, we believe that SolarEdge our inverter products continue to be eligible for sale and installation under in the new order. United States. However, further changes to the Covered List or its interpretation, as well as the application of the applicable requirements to modifications or updates to previously authorized models, could affect our ability to obtain required FCC authorizations for future products. We continuously evaluate the impact of this and other trade restrictions on our business. Inability to comply with such trade restrictions would have a material adverse effect on our business, financial condition, results of operations and cash flows.

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We have relocated our contract manufacturing to the United States, where we now manufacture the substantial majority of our products. We continue to manufacture a minor portion of our products in Israel, at our Sella 1 facility and also continue to maintain manufacturing capabilities in Vietnam. However, certain components and subcomponents necessary for our products continue to be sourced from suppliers outside the United States, and imports of such items may be subject to existing or future tariffs or other trade restrictions. It is unknown whether and to what extent these tariffs will remain in place or if other new laws or regulations will be adopted. In addition, retaliatory measures may be imposed by foreign governments on products exported from the United States to markets in which we sell our products.

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Any future armed conflict, political instability, or violence in Israel or the surrounding region may impair our ability to manage our business effectively, operate our manufacturing plant in northern Israel, conduct research and development activities, or otherwise carry out our operations. In the event of a significant escalation of existing hostilities or the outbreak of additional conflicts, we may be forced to cease or significantly curtail operations, which could delay the distribution and sale of our products.

Because our headquarters and a substantial portion of our workforce are based in Israel, these conflicts have impacted, and may continue to impact, the availability of our workforce. Some of our employees, executive officers, and directors residing in Israel are obligated to perform reserve duty in the Israeli military and are subject to being called to active duty under emergency circumstances. In the year ended December 31, 2025, approximately 279 employees, or 13% of our workforce in Israel, and in the second third quarter of 2026, approximately 179 120 employees, or 7%, 5%, were called to active reserve duty for varying periods, which adversely affected workforce availability. Additional employees may be called to reserve duty in the future.

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Any future armed conflict, political instability, or violence in Israel or the surrounding region may impair our ability to manage our business effectively, operate our manufacturing plant in northern Israel, conduct research and development activities, or otherwise carry out our operations. In the event of a significant escalation of existing hostilities or the outbreak of additional conflicts, we may be forced to cease or significantly curtail operations, which could delay the distribution and sale of our products.

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Additionally, in 2023, the Israeli government announced plans to significantly reduce the Israeli Supreme Court's judicial oversight, including reducing its ability to strike down legislation that it deems unreasonable, and plans to increase political influence over the selection of judges. Although the Israeli Supreme Court partially struck down these plans, the current government has vowed to make other changes to law that limit the powers of the Supreme Court. Following the elections held in Israel on October 27, 2026, it is unclear whether these efforts will be resumed. If such government plans are eventually enacted, they may cause operational challenges for us since we are headquartered in Israel and many of our employees are located in Israel.

Mine Safety Disclosures 1 change

SOLAREDGE TECHNOLOGIES, INC. | 2026 Form 10-Q | 23

Other information 4 changes

SOLAREDGE TECHNOLOGIES INC. | 2026 Form 10-Q | 23

Indemnification Agreements

On November 1, 2026, our Board of Directors approved a form of indemnification agreement (the "Indemnification Agreement") to be entered into between us and our directors and certain of our officers. Each of our directors and executive officers is expected to enter into an Indemnification Agreement during the fourth quarter of 2026. These agreements will require us to indemnify these individuals to the fullest extent permitted under Delaware law against liability that may arise by reason of their service to us, and to advance expenses incurred as a result of any proceeding against them as to which they could be indemnified.

The foregoing description of the Indemnification Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Indemnification Agreement, a copy of which is filed as Exhibit 10.1 to this Quarterly Report on Form 10-Q and is incorporated herein by reference.

Exhibits 17 changes

Employment Agreement, dated May 10, 2026 by and between SolarEdge Technologies, Ltd. and Maoz Sigron

Filed with this report.

Filed with this report.

Furnished with this report.

Furnished with this report.

Description Incorporation by Reference

10.1 Form of Indemnification Agreement Filed with this report.

31.1 Certification of Chief Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) of the Securities Exchange Act of 1934, as amended Filed with this report.

31.2 Certification of Chief Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) of the Securities Exchange Act of 1934, as amended Filed with this report.

32.1 Certification of Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 Furnished with this report.

32.2 Certification of Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 Furnished with this report.

101 The following financial statements from the Company's Quarterly Report on Form 10-Q for the quarter ended June September 30, 2026, formatted in Inline XBRL: (i) Condensed Consolidated Balance Sheets, (ii) Condensed Consolidated Statements of Loss, (iii) Condensed Consolidated Statements of Comprehensive Loss, (iv) Condensed Consolidated Statements of Stockholders' Equity, (v) Condensed Consolidated Statements of Cash Flows, (vi) Notes to Condensed Consolidated Financial Statements, and (vii) part II, Item 5(c)

104 The cover page from the Company's Quarterly Report on Form 10-Q for the quarter ended June September 30, 2026 formatted in Inline XBRL

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Date: August 5, 2026

Date: November 5, 2026

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Date: August 5, 2026

Date: November 5, 2026

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