SolarEdge sales reach US$271.9 million in Q1 on strong demand from Europe

Facebook
Twitter
LinkedIn
Reddit
Email
SolarEdge reported GAAP operating income of US$28.0 million, up 15% from US$24.4 million in the prior quarter and down 31% from US$40.8 million in the first quarter of 2018. Image: SolarEdge

Major PV inverter manufacturer SolarEdge Technologies said that strong demand from Europe supported another record revenue quarter.
 
SolarEdge reported first-quarter 2019 revenue of US$271.9 million, up 3% from US$263.7 million in the prior quarter and up 30% from US$209.9 million in the same quarter last year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

SolarEdge reported first quarter 2019 revenue of US$271.9 million, up 3% from US$263.7 million in the prior quarter and up 30% from US$209.9 million in the same quarter last year.

“We opened 2019 with a strong quarter and record revenues driven by substantial growth, particularly in Europe, which demonstrates our leading position in the global solar inverter market,” said Guy Sella, founder, chairman and CEO of SolarEdge. “This quarter we concluded the acquisition of SMRE which provides us with an entry into the e-mobility market and we continued the integration of Kokam and the building of our UPS business. We are very happy to be able to continue to grow our solar business while leveraging profits for further investment in our new areas of technology development, which include UPS products, lithium-ion batteries and integrated powertrain electronics for electric vehicles.”

The company reported total PV inverter shipments of 1.1GW (AC) for the reporting quarter, the same level shipped in three consecutive quarters.

The company reported total PV inverter shipments of 1.1GW (AC) for the reporting quarter, the same level shipped in three consecutive quarters.

SolarEdge reported GAAP operating income of US$28.0 million, up 15% from US$24.4 million in the prior quarter and down 31% from US$40.8 million in the first quarter of 2018.

GAAP gross margin was 31.7%, up from 30.2% in the prior quarter, while non-GAAP gross margin from the sale of solar products was 34.3%.

Guidance

SolarEdge expects revenue in the second quarter of 2019 to be in the range of US$310 million to US$320 million, another expected record. Revenues from solar products are expected to be within the range of US$290 million to US$300 million.

The company said it expected gross margin to be within the range of 32% to 34% and a gross margin from the sale of solar products is expected to be within the range of 33% to 35%.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

September 16, 2025
Sunotec has launched Sunotec Nordic to spearhead solar and hybrid renewable project development across the Nordic region.
September 16, 2025
Two of the major European solar trade associations, the European Solar Manufacturing Council (ESMC) and SolarPower Europe (SPE), have called for EU policymakers to take measures supporting European solar manufacturing.
September 11, 2025
The PEARL Consortium has developed perovskite solar cells with carbon electrodes with a conversion efficiency of 21.6%.
September 11, 2025
The EBRD has launched a new programme to improve access to green financing and support energy investments such as renewable power projects.
September 10, 2025
A project claimed to be Germany’s largest agriPV plant has been commissioned in the north-east of the country.
September 9, 2025
The average price of solar modules sold in Europe fell marginally between July and August, while buyers’ confidence remained steady.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA