0001178913-24-003529 | 10-Q | XBRL Viewer | Solaredge Technologies INC

$ 0

40,070

(4,095)

Balance (in shares) at Mar. 31, 2023

138,378

Balance at Mar. 31, 2023

$ 6

1,545,777

(77,204)

882,215

2,350,794

56,343,164

Balance at Dec. 31, 2022

$ 6

1,505,632

(73,109)

743,837

2,176,366

Balance (in shares) at Dec. 31, 2022

56,133,404

(10,840)

Balance (in shares) at Sep. 30, 2023

196,712

Balance at Sep. 30, 2023

$ 6

1,633,800

(83,949)

940,549

2,490,406

56,810,559

Balance at Mar. 31, 2023

$ 6

1,545,777

(77,204)

882,215

2,350,794

Balance (in shares) at Mar. 31, 2023

56,343,164

Issuance of common stock upon exercise of stock-based awards

$ 0

^[1]

Issuance of common stock upon exercise of stock-based awards (in shares)

171,682

Issuance of common stock under employee stock purchase plan

$ 0

^[1]

10,046

Issuance of common stock under employee stock purchase plan (Shares)

41,494

$ 0

39,978

(228)

Balance (in shares) at Jun. 30, 2023

119,510

Balance at Jun. 30, 2023

$ 6

1,595,890

(77,432)

1,001,725

2,520,189

56,556,340

Issuance of common stock upon exercise of stock-based awards

$ 0

^[1]

Issuance of common stock upon exercise of stock-based awards (in shares)

254,219

$ 0

37,892

(6,517)

Balance (in shares) at Sep. 30, 2023

(61,176)

Balance at Sep. 30, 2023

$ 6

1,633,800

(83,949)

940,549

2,490,406

56,810,559

Balance at Dec. 31, 2023

$ 6

1,680,622

$ 0

(46,885)

778,166

2,411,909

Balance (in shares) at Dec. 31, 2023

57,123,437

Issuance of common stock upon exercise of stock-based awards

$ 0

^[1]

Issuance of common stock upon exercise of stock-based awards (in shares)

175,254

Repurchase of common stock

$ 0

38,888

$ 0

^[1]

(33,222)

Repurchase of common stock (in shares)

(505,896)

$ 0

(19,726)

Balance (in shares) at Mar. 31, 2024

(157,311)

Balance at Mar. 31, 2024

$ 6

1,719,523

(33,222)

(66,611)

620,855

2,240,551

56,792,795

Balance at Dec. 31, 2023

$ 6

1,680,622

(46,885)

778,166

2,411,909

Balance (in shares) at Dec. 31, 2023

57,123,437

28,342

(10,368)

Balance (in shares) at Sep. 30, 2024

(1,493,450)

Balance at Sep. 30, 2024

$ 6

1,779,212

(50,315)

(57,253)

(715,284)

956,366

57,182,072

Balance at Mar. 31, 2024

$ 6

1,719,523

(33,222)

(66,611)

620,855

2,240,551

Balance (in shares) at Mar. 31, 2024

56,792,795

Issuance of common stock upon exercise of stock-based awards

$ 0

^[1]

Issuance of common stock upon exercise of stock-based awards (in shares)

161,549

Issuance of common stock under employee stock purchase plan

$ 0

^[1]

10,208

Issuance of common stock under employee stock purchase plan (Shares)

245,146

Repurchase of common stock

$ 0

39,897

$ 0

^[1]

(17,093)

Repurchase of common stock (in shares)

(247,468)

$ 0

(25,230)

(11,339)

Balance (in shares) at Jun. 30, 2024

(130,818)

Balance at Jun. 30, 2024

$ 6

1,744,411

(50,315)

(77,950)

490,037

2,106,189

56,952,022

Issuance of common stock upon exercise of stock-based awards

$ 0

^[1]

Issuance of common stock upon exercise of stock-based awards (in shares)

230,050

$ 0

37,871

(3,112)

20,697

Balance (in shares) at Sep. 30, 2024

(1,205,321)

Balance at Sep. 30, 2024

$ 6

$ 1,779,212

$ (50,315)

$ (57,253)

$ (715,284)

$ 956,366

57,182,072

[1]	Represents an amount less than $1.

DEFERRED REVENUES AND CUSTOMERS ADVANCES

9 Months Ended

Sep. 30, 2024

Revenue Recognition and Deferred Revenue [Abstract]

DEFERRED REVENUES AND CUSTOMERS ADVANCES

NOTE 14: DEFERRED REVENUES AND CUSTOMERS ADVANCES

Deferred revenues consist of deferred cloud-based monitoring services, communication services, warranty extension services and advance payments received from customers for the Company’s products. Deferred revenues are classified as short-term and long-term deferred revenues based on the period in which revenues are expected to be recognized.

Changes in the balances of deferred revenues and customer advances during the period are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Balance, at the beginning of the period	$	251,014		$	232,828		$	255,443		$	213,577
Revenue recognized		(17,824	)		(19,869	)		(37,442	)		(25,819	)
Increase in deferred revenues and customer advances		20,947			21,130			36,136			46,331
Balance, at the end of the period		254,137			234,089			254,137			234,089
Less current portion		(27,367	)		(22,064	)		(27,367	)		(22,064	)
Long term portion	$	226,770		$	212,025		$	226,770		$	212,025

The following table includes estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of September 30, 2024:

2024	$	16,674
2025		14,248
2026		13,904
2027		11,829
2028		11,339
Thereafter		186,143
Total deferred revenues	$	254,137

GENERAL (Narrative) (Details)	12 Months Ended
GENERAL (Narrative) (Details)	Dec. 31, 2023
Accounts payable [Member] \| Supplier concentration risk [Member]
Organization Consolidation and Presentation of Financial Statements [Line Items]
Concentration risk percentage	58.50%

GENERAL (Policies)

9 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Basis of Presentation:

The unaudited condensed consolidated financial statements and accompanying notes have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). In management’s opinion, the unaudited condensed consolidated financial statements reflect all adjustments of a normal recurring nature that are necessary for a fair presentation of the results for the interim periods presented. The Company’s interim period results do not necessarily indicate the results that may be expected for any other interim period or for the full fiscal year.

The significant accounting policies applied in the annual consolidated financial statements of the Company as of December 31, 2023, contained in the Company’s Annual Report on Form 10-K filed with the SEC on February 26, 2024, have been applied consistently in these unaudited interim condensed consolidated financial statements. Certain prior year amounts have been reclassified to conform to current year presentation.

Use of estimates

Use of estimates:

The preparation of financial statements, in conformity with 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 and outcomes may differ from management’s estimates and assumptions due to risks and uncertainties.

Concentrations of supply risks

Concentrations of supply risks:

The Company depends on two contract manufacturers and several limited or single source component suppliers. Reliance on these vendors makes the Company vulnerable to possible capacity constraints and reduced control over component availability, delivery schedules, manufacturing yields, and costs.

As of September 30, 2024 none of the Company's contract manufacturers account for more than 10% of the Company’s total trade payables, net.

As of December 31, 2023, two contract manufacturers collectively accounted for 58.5% of the Company’s total trade payables, net.

The Company's own manufacturing facility, Sella 1, located in the North of Israel, is primarily used in the Company's Solar segment operations. Additionally, Sella 2, a Company owned manufacturing facility in South Korea, together with a smaller Company owned facility, are used for the Energy Storage segment.

New accounting standards updates

New accounting standards updates:

In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). Additional segment reporting information required by ASU 2023-07 includes: disclosing the title and position of the individual or the name of the group or committee identified as the CODM, provide in interim periods all disclosures about a reportable segment’s profit or loss and assets that are currently required annually, and additional disclosures regarding significant segment expenses. ASU 2023-07 is effective for fiscal periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Since ASU 2023-07 addresses only disclosures, the adoption of ASU 2023-07 is not expected to have a significant impact on its consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 requires additional categories of information about federal, state and foreign income taxes to be included in effective tax rate reconciliation disclosure. Additionally, the newly added categories also apply to the income taxes paid disclosure. Implementation of said additions are subject to quantitative thresholds. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024. Since ASU 2023-07 addresses only disclosures, the adoption of ASU 2023-07 is not expected to have a significant impact on its consolidated financial statements.

SEGMENT INFORMATION (Schedule of Reportable Segments Reconciliation) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenues	$ 260,903	$ 725,305	$ 730,707	$ 2,660,484
Solar segment revenues [Member]
Segment Reporting Information [Line Items]
Revenues	247,516	676,929	678,861	2,532,794
Energy Storage segment revenues [Member]
Segment Reporting Information [Line Items]
Revenues	10,900	24,215	42,960	52,492
All other segment revenues [Member]
Segment Reporting Information [Line Items]
Revenues	2,237	23,946	8,156	74,594
Revenues from financing component [Member]
Segment Reporting Information [Line Items]
Revenues	$ 250	$ 215	$ 730	$ 604

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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INTANGIBLE ASSETS, NET (Schedule of acquired intangible assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	$ 19,575	$ 56,382
Less - accumulated amortization	(8,406)	(21,037)
Total intangible assets, net	11,169	35,345
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	11,132	26,990
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	1,546	3,193
Trade names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	1,322	624
Assembled workforce [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	3,575	3,575
Patents and licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	$ 2,000	$ 22,000

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)
$ in Thousands

Sep. 30, 2024

Dec. 31, 2023

Government authorities

$ 255,603

$ 167,221

Vendor non-trade receivables

^[1]

56,508

102,991

Loan receivables, net

^[2]

32,297

55,418

Prepayments

38,438

29,578

Other

18,705

23,186

Total prepaid expenses and other current assets

$ 401,551

$ 378,394

[1]

Vendor non-trade receivables derived from the sale of components to manufacturing vendors who manufacture products, components and other testing equipment for the Company. The Company purchases these components directly from other suppliers. The Company does not reflect the sale of these components to the contract manufacturers in its revenues.

[2]

Loan receivables are loans to third parties. The loan repayments are expected on a monthly or annual basis as per the contractual terms of each loan agreement. The loan is measured at its amortized cost and is subjected to the Company's credit risk policy. The loans bear interest that represent market interest rate. As of September 30, 2024, the Company's provision for credit loss was $11,578 which was recorded under Financial income (expense), net. The amortized cost of the loan receivable approximates its fair value as of September 30, 2024. As of September 30, 2024 and December 31, 2023 the Company granted loans to a customer in the amounts of $80,000 and $43,000, respectively. Considering the loan amounts, the customer's balance would potentially expose the Company to a concentration of credit risk. See Note 10 for more information regarding the long-term portion of the loan.

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

NOTE 11: DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

During the nine months ended September 30, 2024, the Company instituted a foreign currency cash flow hedging program to reduce the risk of a forecasted increase in the value of foreign currency cash flows, resulting from payment of salaries in Israeli currency, the New Israeli Shekels (“NIS”). The Company hedges portions of the anticipated payroll denominated in NIS for a period of one to nine months with hedging contracts. These hedging contracts are designated as cash flow hedges, as defined by ASC 815 and are all effective hedges.

As of September 30, 2024, the Company entered into forward contracts and put and call options to sell U.S. dollars (“USD”) both, in the amounts of NIS 148 million.

In addition to the above-mentioned cash flow hedge transactions, the Company occasionally enters into derivative instrument arrangements to hedge the Company’s exposure to currencies other than USD. These derivative instruments are not designated as cash flow hedges, as defined by ASC 815, and therefore all gains and losses, resulting from fair value remeasurement, were recorded immediately in the statement of income (loss), under "Financial income (expense), net".

The Company classifies cash flows related to its hedging as operating activities in its condensed consolidated statement of cash flows.

The fair values of outstanding derivative instruments were as follows:

	Balance sheet location	September 30, 2024		December 31, 2023
Derivative assets of options and forward contracts:
Designated cash flow hedges	Prepaid expenses and other current assets	$	1,102	$	4,477
Non-designated hedges	Prepaid expenses and other current assets		-		410
Total derivative assets		$	1,102	$	4,887

Gains (losses) on derivative instruments are summarized below:

		Three Months Ended September 30,					Nine Months Ended September 30,
	Affected line item	2024		2023			2024			2023
Foreign exchange contracts
Non Designated Hedging Instruments	Condensed Consolidated Statements of Income (loss) - Financial income (expense), net	$	-	$	5,841		$	802		$	5,841
Designated Hedging Instruments	Condensed Consolidated Statements of Comprehensive Income (loss) - Cash flow hedges	$	1,131	$	(2,713	)	$	(1,426	)	$	(6,861	)

See Note 19 for information regarding losses from designated hedging instruments reclassified from accumulated other comprehensive loss.

GOODWILL (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill activity

	Solar			Energy Storage			Total
Goodwill at December 31, 2023	$	40,632		$	2,364		$	42,996
Changes during the year:
Acquisitions		11,344			-			11,344
Accumulated impairment losses		-			(2,251	)		(2,251	)
Foreign currency adjustments		(101	)		(113	)		(214	)
Goodwill at September 30, 2024	$	51,875		$	-		$	51,875

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Impaired long-lived assets	$ 204,888	$ 0	$ 206,620	$ 0
Depreciation expenses	$ 13,965	$ 12,627	$ 40,464	$ 36,118

PROPERTY, PLANT AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2024

PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 7: PROPERTY, PLANT AND EQUIPMENT, NET

	September 30, 2024		December 31, 2023
Cost:
Land	$	10,112	$	12,823
Buildings and plants		122,437		153,813
Computers and peripheral equipment		51,978		57,527
Office furniture and equipment		9,149		10,992
Laboratory and testing equipment		63,921		67,248
Machinery and equipment		194,534		362,363
Leasehold improvements		112,019		96,730
Assets under construction and payments on account		46,656		88,077
Gross property, plant and equipment		610,806		849,573
Less - accumulated depreciation		186,901		234,994
Total property, plant and equipment, net	$	423,905	$	614,579

The Company evaluates the recoverability of the carrying amount of its property, plant and equipment when events or circumstances indicate the carrying amount of an asset or asset group may not be recoverable. If the Company determines the carrying amount of an asset or asset group is not recoverable based upon the expected undiscounted future cash flows of the asset or asset group, an impairment loss is recorded equal to the excess of the carrying amounts over the estimated fair values of the property, plant and equipment.

During the third quarter of 2024, the Company identified certain conditions in which, events or changes in circumstances indicated that the carrying value of certain long-lived assets may not be recoverable and as a result conducted impairment assessments.

Upon completion of such assessments, the Company disposed by abandonment and impaired certain property, plants and equipment, including but not limited to, machinery, buildings, plants, and assets under construction in the Solar and Energy Storage asset groups.

During the three and nine months ended September 30, 2024, the Company recorded impairment and abandonment by disposal of property, plant and equipment in the amount of $204,888 and $206,620, respectively, under Other operating expense (income), net in the consolidated statements of income (loss) section.

Depreciation expenses for the three months ended September 30, 2024 and 2023, were $13,965 and $12,627, respectively.

Depreciation expenses for the nine months ended September 30, 2024, and 2023, were $40,464 and $36,118, respectively.

EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted net earnings (loss) per share

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Basic EPS:
Numerator:
Net income (loss)	$	(1,205,321	)	$	(61,176	)	$	(1,493,450	)	$	196,712
Denominator:
Shares used in computing net earnings (loss) per share of common stock, basic		57,029,983			56,671,504			56,952,656			56,435,880
Diluted EPS
Numerator:
Net income (loss) attributable to common stock, basic	$	(1,205,321	)	$	(61,176	)	$	(1,493,450	)	$	196,712
Notes 2025		-			-			-			1,608
Net income (loss) attributable to common stock, diluted	$	(1,205,321	)	$	(61,176	)	$	(1,493,450	)	$	198,320
Denominator:
Shares used in computing net earnings (loss) per share of common stock, basic		57,029,983			56,671,504			56,952,656			56,435,880
Notes 2025		-			-			-			2,276,818
Effect of stock-based awards		-			-			-			584,725
Shares used in computing net earnings (loss) per share of common stock, diluted		57,029,983			56,671,504			56,952,656			59,297,423
Earnings (loss) per share:
Basic	$	(21.13	)	$	(1.08	)	$	(26.22	)	$	3.49
Diluted	$	(21.13	)	$	(1.08	)	$	(26.22	)	$	3.34

Schedule of outstanding shares of common stock equivalents were excluded from the calculation due to their antidilutive nature

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Stock-based awards		2,552,867		1,072,938		2,055,632		-
Notes 2025		-		2,276,818		1,510,363		-
Notes 2029¹		984,342		-		392,152		-
Total shares excluded		3,537,209		3,349,756		3,958,147		-

¹ In conjunction with the issuance of the Notes 2029 in June 2024, the Company used approximately $25,230 of the net proceeds from this offering to pay the cost of the capped call transactions. In July 2024, following an additional issuance of the Notes 2029, $3,111 of net proceeds were used to pay the cost of capped call transactions. In accordance with FASB ASC 260, antidilutive contracts, such as purchased call options are excluded from the computation of diluted net income (loss) per share. Accordingly, any potential impact resulting from capped call transaction is excluded from our computation of diluted net income (loss) per share.

EARNINGS (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

NOTE 23: EARNINGS (LOSS) PER SHARE

The following table presents the computation of basic and diluted earnings (loss) per share (“EPS”):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Basic EPS:
Numerator:
Net income (loss)	$	(1,205,321	)	$	(61,176	)	$	(1,493,450	)	$	196,712
Denominator:
Shares used in computing net earnings (loss) per share of common stock, basic		57,029,983			56,671,504			56,952,656			56,435,880
Diluted EPS
Numerator:
Net income (loss) attributable to common stock, basic	$	(1,205,321	)	$	(61,176	)	$	(1,493,450	)	$	196,712
Notes 2025		-			-			-			1,608
Net income (loss) attributable to common stock, diluted	$	(1,205,321	)	$	(61,176	)	$	(1,493,450	)	$	198,320
Denominator:
Shares used in computing net earnings (loss) per share of common stock, basic		57,029,983			56,671,504			56,952,656			56,435,880
Notes 2025		-			-			-			2,276,818
Effect of stock-based awards		-			-			-			584,725
Shares used in computing net earnings (loss) per share of common stock, diluted		57,029,983			56,671,504			56,952,656			59,297,423
Earnings (loss) per share:
Basic	$	(21.13	)	$	(1.08	)	$	(26.22	)	$	3.49
Diluted	$	(21.13	)	$	(1.08	)	$	(26.22	)	$	3.34

The following outstanding shares of common stock equivalents were excluded from the calculation due to their antidilutive nature:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Stock-based awards		2,552,867		1,072,938		2,055,632		-
Notes 2025		-		2,276,818		1,510,363		-
Notes 2029¹		984,342		-		392,152		-
Total shares excluded		3,537,209		3,349,756		3,958,147		-

OTHER OPERATING EXPENSE (INCOME)

9 Months Ended

Sep. 30, 2024

Other Income and Expenses [Abstract]

OTHER OPERATING EXPENSE (INCOME)

NOTE 20: OTHER OPERATING EXPENSE (INCOME)

The following table presents the expenses (income) recorded in the three and nine months ended September 30, 2024, and 2023:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2024			2023		2024		2023
Impairment of intangible assets and goodwill	$	24,725		$	-	$	24,725	$	-
Impairment and disposal by abandonment of property, plant and equipment		204,888			-		206,620		-
Loss (gain) from sales of assets		(644	)		-		1,838		(1,434	)
Other		4,960			-		4,088		-
Total other operating expense (income), net	$	233,929		$	-	$	237,271	$	(1,434	)

BUSINESS COMBINATIONS

9 Months Ended

Sep. 30, 2024

Business Combinations [Abstract]

BUSINESS COMBINATIONS

NOTE 2: BUSINESS COMBINATIONS

In January 2023, the Company completed an investment of $5,500 in the common stock of Weev Energy B.F. Ltd., ("Wevo"), an Israel-based software startup, specializing in EV charging optimization and management for sites with large quantities of EV chargers, which represented 34.8% of Wevo's outstanding shares. Wevo's solution will also be part of the SolarEdge ONE energy optimization system for the Commercial and Industrial ("C&I") segment, designed to offer SolarEdge customers a single energy optimization solution that orchestrates and integrates between on-site solar generation, battery storage and large-scale EV charging.

On April 1, 2024, the Company completed the acquisition of all remaining outstanding shares of Wevo for approximately $13,331 in cash.

Pursuant to ASC 805, "Business Combination", the Company accounted for the Wevo acquisition as a business combination using the acquisition method of accounting. Identifiable assets and liabilities of Wevo, including identifiable intangible assets, were recorded based on their estimated fair values as of the date of the closing of the acquisition. The excess of the purchase price over the fair value of the net assets acquired was recorded as goodwill. The Company recorded preliminary estimates for the fair value of assets acquired and liabilities assumed as of the acquisition date. Such preliminary valuation required estimates and assumptions including, but not limited to, estimating future cash flows and direct costs in addition to developing the appropriate discount rates and current market profit margins. The Company’s management believes the fair values recognized for the assets acquired and the liabilities assumed were based on reasonable estimates and assumptions.

From the initial investment through to the purchase of all remaining shares, the Company's share of net losses were $646.

The fair value of the original investment was determined by multiplying the total fair value of Wevo, as outlined below, by the Company's 34.8% ownership stake and applying a discount to account for lack of control.

The Company determined that the acquisition date fair value of the original investment on April 1, 2024 was $5,979, resulting in a gain of $1,125.

The following table summarizes the preliminary fair values estimation of assets acquired and liabilities assumed as of the date of the acquisition:

	Amount			Weighted Average Useful Life (In years)
Cash	$	2,914
Net liabilities assumed		(903	)
Identified intangible assets:
Technology		4,049			7
Customer relationships		1,241			1
Trade name		665			2
Goodwill		11,344
Total	$	19,310

Acquisition costs were immaterial and are included in general and administrative expenses in the consolidated statements of income (loss).

Goodwill generated from this acquisition was primarily attributable to expected post-acquisition synergies from combining Wevo's platform with the Company's product offering to its commercial and industrial customers. All of the Goodwill was assigned to the Solar segment (see Note 24). Goodwill is not deductible for tax purposes. The fair values of technology, customer relationships and trade name were derived by applying the multi-period excess earnings method, with-and-without method, and the relief-from-royalty method, respectively, all of which are under the income approach whose underlying inputs are considered Level 3. The fair values assigned to assets acquired and liabilities assumed were based on management's estimates and assumptions.

The results of Wevo have been included in the Company's consolidated statements of income (loss) since its acquisition date and are not material. Pro forma financial information has not been presented because the impact of the acquisition was not material to the Company's statements of income (loss).

CONVERTIBLE SENIOR NOTES (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended		9 Months Ended
	Jul. 08, 2024	Jun. 28, 2024	Sep. 25, 2020	Sep. 30, 2024
Convertible Senior Notes due 2025 [Member]
Debt Instrument [Line Items]
Debt conversion description		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. In addition, holders may convert their Notes 2029, in multiples of $1,000 principal amount, at their option at any time beginning on or after April 1, 2029, and prior to the close of business on the second scheduled trading day immediately preceding the stated maturity date of the Notes 2029, without regard to the foregoing circumstances. The initial conversion rate for the Notes 2029 is 29.1375 shares of common stock per $1,000 principal amount of Notes 2029, which is equivalent to an initial conversion price of approximately $34.32 per share of common stock, subject to adjustment upon the occurrence of certain specified events as set forth in the Indenture 2029.	On September 25, 2020, the Company sold an aggregate principal amount of $632,500 of its 0.00% convertible senior notes, due 2025 (the “Notes 2025”). The Notes 2025 were sold pursuant to an indenture, dated September 25, 2020 (the “Indenture”), between the Company and U.S. Bank National Association, as trustee. The Notes 2025 do not bear regular interest and mature on September 15, 2025, unless earlier repurchased or converted in accordance with their terms. The Notes 2025 are general senior unsecured obligations of the Company. Holders may convert their Notes 2025 prior to the close of business on the business day immediately preceding June 15, 2025 in multiples of $1,000 principal amount, only under the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ending on December 31, 2020 (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 2025 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 as described in the Indenture. In addition, holders may convert their Notes 2025, in multiples of $1,000 principal amount, at their option at any time beginning on or after June 15, 2025, and prior to the close of business on the second scheduled trading day immediately preceding the stated maturity date of the Notes 2025, without regard to the foregoing circumstances. The initial conversion rate for the Notes 2025 was 3.5997 shares of common stock per $1,000 principal amount of Notes 2025, which is equivalent to an initial conversion price of approximately $277.80 per share of common stock, subject to adjustment upon the occurrence of certain specified events as set forth in the Indenture.	The Notes 2029 are not redeemable prior to July 6, 2027. On or after July 6, 2027, the Company may redeem the Notes 2029 at its option if the last reported sale price of the common stock has been at least 130% of the conversion price, then in effect, for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on and including the trading day immediately preceding the date on which the Company provides notice of redemption, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, up to, but excluding, the redemption date.
Principal amount sold		$ 300,000	$ 632,500
Effective coupon rate		2.25%	0.00%
Maturity date		Jul. 01, 2029	Sep. 15, 2025
Conversion amount		$ 1,000	$ 1,000	$ 285,000
Number of shares of common stock per $1,000 principal amount of Notes converted		29.1375	3.5997
Amount of conversion		$ 1,000	$ 1,000
Conversion price		$ 34.32	$ 277.8
Net proceeds of convertible debt				293,200
Net proceeds from offering				25,230
Net proceeds from offering to repurchase				267,900
Other income a gain				$ 15,456
Amortized period				1 year
Effective interest				0.47%
Senior Notes [Member] \| Level 2 [Member]
Debt Instrument [Line Items]
Estimated fair value of notes				$ 324,044
Convertible Senior Notes due 2029 [Member]
Debt Instrument [Line Items]
Principal amount sold	$ 37,000
Net proceeds of convertible debt	36,237
Net proceeds from offering	$ 3,111
Market price per share of common stock exceeding initial cap price				$ 48,840
Amortized period				4 years 9 months 18 days
Effective interest				2.75%
Convertible Senior Notes due 2029 [Member] \| Level 2 [Member]
Debt Instrument [Line Items]
Estimated fair value of notes				$ 306,633

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value

		Fair value measurements as of
Description	Fair Value Hierarchy	September 30, 2024		December 31, 2023
Assets:
Cash and cash equivalents:
Cash	Level 1	$	289,287	$	309,521
Money market mutual funds	Level 1	$	11,180	$	22,311
Deposits	Level 1	$	3,437	$	6,636
Derivative instruments	Level 2	$	1,102	$	4,887
Short-term marketable securities:
Corporate bonds	Level 2	$	349,249	$	481,820
U.S. Treasury securities	Level 2	$	9,918	$	15,261
U.S. Government agency securities	Level 2	$	13,309	$	8,795
Non-U.S. Government securities	Level 2	$	2,393	$	15,694
Long-term marketable securities:
Corporate bonds	Level 2	$	46,691	$	339,681
U.S. Treasury securities	Level 2	$	-	$	2,408
U.S. Government agency securities	Level 2	$	9,350	$	44,086
Non-U.S. Government securities	Level 2	$	-	$	21,650

INVENTORIES, NET (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Inventory Disclosure [Abstract]
Inventory write-downs	$ 627,905	$ 8,728	$ 638,966	$ 20,674

BUSINESS COMBINATIONS (Tables)

9 Months Ended

Sep. 30, 2024

Business Combinations [Abstract]

Schedule of fair value estimation of assets acquired and liabilities assumed

	Amount			Weighted Average Useful Life (In years)
Cash	$	2,914
Net liabilities assumed		(903	)
Identified intangible assets:
Technology		4,049			7
Customer relationships		1,241			1
Trade name		665			2
Goodwill		11,344
Total	$	19,310

OTHER LONG TERM ASSETS (Tables)

9 Months Ended

Sep. 30, 2024

Other Assets, Noncurrent [Abstract]

Schedule of other long term assets

	September 30, 2024		December 31, 2023
Loan receivables	$	50,000	$	-
Cloud computing arrangements		24,006		13,666
Severance pay fund		9,561		9,241
Investments in privately held companies		22,574		7,650
Prepaid expenses and other		6,060		7,044
Total other long term assets	$	112,201	$	37,601

RESTRUCTURING AND OTHER EXIT ACTIVITIES

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

RESTRUCTURING AND OTHER EXIT ACTIVITIES

NOTE 21: RESTRUCTURING AND OTHER EXIT ACTIVITIES

On January 21, 2024, the Company announced the adoption of a restructuring plan in response to challenging industry conditions (the “Restructuring Plan”). Under the Restructuring Plan, the Company reduced its headcount by approximately 16% over the first half of 2024 in an involuntary workforce reduction. The adoption of the Restructuring Plan follows the Company’s previous measures taken to align with current market conditions, including termination of manufacturing in Mexico, reduction of manufacturing capacity in China, and discontinuation of the Company’s light commercial vehicle e-mobility activity.

Restructuring and other exit charges for the three months ended September 30, 2024, by segment and type of cost were as follows:

	Solar				e-Mobility
	Employee termination costs		Contract termination and other		Employee termination costs			Inventory write-down			Contract termination and other			Total
Cost of revenues	$	884	$	332	$	-		$	(2	)	$	(4	)	$	1,210
Research and development		648		-		-			-			-			648
Sales and marketing		468		-		-			-			-			468
General and administrative		183		-		(11	)		-			-			172
Total	$	2,183	$	332	$	(11	)	$	(2	)	$	(4	)	$	2,498

Restructuring and other exit charges for the nine months ended September 30, 2024, by segment and type of cost were as follows:

	Solar				e-Mobility
	Employee termination costs		Contract termination and other		Employee termination costs			Inventory write-down			Contract termination and other			Total
Cost of revenues	$	1,938	$	9,619	$	(200	)	$	(138	)	$	(859	)	$	10,360
Research and development		3,561		248		-			-			-			3,809
Sales and marketing		1,113		-		(4	)		-			-			1,109
General and administrative		568		118		(54	)		-			-			632
Total	$	7,180	$	9,985	$	(258	)	$	(138	)	$	(859	)	$	15,910

The Company’s liability balance for the restructuring and other exit charges is as follows:

	Employee termination costs			Inventory write-down ¹			Contract termination and other
Balance as of December 31, 2023	$	2,373		$	27,774		$	30,393
Charges		6,922			(137	)		9,124
Cash payments		(9,029	)		-			(36,853	)
Non-cash utilization and other		(266	)		(6,171	)		(2,664	)
Balance as of September 30, 2024	$	-		$	21,466		$	-

¹Inventory write-down is included under Inventories, net on the balance sheet.

INVENTORIES, NET

9 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

INVENTORIES, NET

NOTE 5: INVENTORIES, NET

	September 30, 2024		December 31, 2023
Raw materials	$	204,083	$	340,604
Work in process		493		20,885
Finished goods		593,807		1,081,960
Total inventories, net	$	798,383	$	1,443,449

The Company records inventory write-downs for excess or obsolete inventory or when it believes that the net realizable value of inventory is less than its carrying value. As of September 30, 2024, the Company examined its current inventory balances, analyzed inventory in its channels and evaluated future installation rates. The Company concluded that significant write-downs are necessary, primarily due to slowdown in the Company's products demand, excess inventory in the channels, repeated price reductions and the introduction of a new generation of products. The Company records write-downs under Cost of revenues, in the consolidated statements of income (loss).

During the three and nine months ended September 30, 2024, the Company recorded write-downs of $627,905 and $638,966, respectively.

During the three and nine months ended September 30, 2023, the Company recorded write-downs of $8,728 and $20,674, respectively.

SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 24: SEGMENT INFORMATION

Following the discontinuation of its e-Mobility LCV activity, the Company operates in three different operating segments: Solar, Energy Storage and Automation Machines.

The Company’s Interim Chief Executive Officer, who is the chief operating decision maker (“CODM”), makes resource allocation decisions and assesses performance based on financial information presented on a consolidated basis, accompanied by disaggregated information about revenues and contributed profit by the operating segments.

The Company does not allocate to its operating segments revenue recognized due to advance payments received for performance obligations that extend for a period greater than one year (“financing component”), related to Accounting Standard Codification 606, “Revenue from Contracts with Customers” (ASC 606).

Segment profit (loss) is comprised of gross profit (loss) for the segment less operating expenses that do not include amortization, disposal by abandonment and impairment of long-lived assets, and impairment of purchased intangible assets, stock based compensation expenses, restructuring charges, discontinued activity charges and certain other items.

The Company manages its assets on a group basis, not by segments, as many of its assets are shared or co-mingled. The Company’s CODM does not regularly review asset information by segments and, therefore, the Company does not report asset information by segment.

The Company identified two operating segments as reportable, the Solar segment and the Energy Storage segment. The other operating segments are insignificant individually and therefore their results are presented together under “All other”.

The Solar segment includes the design, development, manufacturing, and sales of an intelligent inverter solution designed to maximize power generation at the individual PV module level and batteries for PV applications. The Solar segment solution consists mainly of the Company’s power optimizers, inverters, batteries, energy management solutions, and cloud‑based monitoring platform.

The Energy Storage segment includes the design, development, manufacturing, and sales of high-energy, high-power, lithium-ion cells and racks and containerized battery systems for commercial and industrial ("C&I") and utility markets. The Energy Storage segment provides purpose-built components and solutions, hardware and software, as well as pre and post sales engineering support to design, build, and manage battery and system solutions according to the customer’s use cases and mission profiles.

The “All other” category includes automated machines and e-Mobility (in prior periods).

The following tables present information on reportable segments profit (loss) for the period presented:

	Solar			Energy Storage			All other
Three Months Ended September 30, 2024
Revenues	$	247,516		$	10,900		$	2,237
Cost of revenues		855,832			95,323			1,307
Gross profit (loss)		(608,316	)		(84,423	)		930
Research and development		47,569			4,590			179
Sales and marketing		28,369			997			212
General and administrative		33,037			1,278			51
Segments profit (loss)	$	(717,291	)	$	(91,288	)	$	488

Three Months Ended September 30, 2023
Revenues	$	676,929		$	24,215		$	23,946
Cost of revenues		514,390			35,931			23,748
Gross profit (loss)		162,539			(11,716	)		198
Research and development		56,886			4,134			2,252
Sales and marketing		30,810			1,009			472
General and administrative		29,711			1,827			855
Segments profit (loss)	$	45,132		$	(18,686	)	$	(3,381	)

Nine Months Ended September 30, 2024
Revenues	$	678,861		$	42,960		$	8,156
Cost of revenues		1,290,748			138,107			5,778
Gross profit (loss)		(611,887	)		(95,147	)		2,378
Research and development		145,683			12,268			535
Sales and marketing		87,664			2,839			671
General and administrative		87,500			2,807			306
Segments profit (loss)	$	(932,734	)	$	(113,061	)	$	866

Nine Months Ended September 30, 2023
Revenues	$	2,532,794		$	52,492		$	74,594
Cost of revenues		1,723,438			82,912			70,914
Gross profit (loss)		809,356			(30,420	)		3,680
Research and development		174,811			12,348			7,429
Sales and marketing		96,091			3,047			2,024
General and administrative		79,599			6,650			2,798
Segments profit (loss)	$	458,855		$	(52,465	)	$	(8,571	)

The following table presents information on reportable segments reconciliation to consolidated revenues for the periods presented:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Solar segment revenues	$	247,516	$	676,929	$	678,861	$	2,532,794
Energy Storage segment revenues		10,900		24,215		42,960		52,492
All other segment revenues		2,237		23,946		8,156		74,594
Revenues from finance component		250		215		730		604
Consolidated revenues	$	260,903	$	725,305	$	730,707	$	2,660,484

The following table presents information on reportable segments reconciliation to consolidated operating income for the periods presented:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Solar segment profit (loss)	$	(717,291	)	$	45,132		$	(932,734	)	$	458,855
Energy Storage segment loss		(91,288	)		(18,686	)		(113,061	)		(52,465	)
All other segment profit (loss)		488			(3,381	)		866			(8,571	)
Segments operating profit (loss)		(808,091	)		23,065			(1,044,929	)		397,819
Amounts not allocated to segments:
Stock based compensation expenses		(36,641	)		(36,815	)		(112,818	)		(115,015	)
Restructuring and other exit activities		(2,498	)		-			(15,910	)		-
Impairment and disposal by abandonment of long-lived assets		(232,102	)		-			(233,834	)		-
Amortization and depreciation of acquired assets		(2,872	)		(2,750	)		(6,902	)		(6,164	)
Other unallocated income (expenses)		(3,062	)		(226	)		(4,760	)		1,146
Consolidated operating income (loss)		(1,085,266	)		(16,726	)		(1,419,153	)		277,786
Financial income (expense), net		5,558			(7,901	)		(2,371	)		19,157
Other income (loss), net		(3,928	)		(484	)		14,623			(609	)
Income (loss) before income taxes	$	(1,083,636	)	$	(25,111	)	$	(1,406,901	)	$	296,334

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Schedule of convertible senior notes

CONVERTIBLE SENIOR NOTES (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

	September 30, 2024			December 31, 2023
Notes 2025
Principal	$	347,500		$	632,500
Unamortized issuance costs		(1,600	)		(5,119	)
Net carrying amount Notes 2025		345,900			627,381
Notes 2029
Principal		337,000			-
Unamortized issuance costs		(7,386	)		-
Net carrying amount Notes 2029		329,614			-

Total notes carrying amount	$	675,514		$	627,381

Schedule of interest expense recognized

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Notes 2025
Debt issuance cost	$	1,138	$	733	$	1,874	$	2,196
Notes 2029
Debt issuance cost	$	393	$	-	$	400	$	-
Contractual interest expense	$	1,913	$	-	$	1,950	$	-

MARKETABLE SECURITIES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023
Marketable Securities Schedule Of Contractual Maturities Details [Abstract]
Proceeds from sale of available-for-sale securities	$ 18,724	$ 70,642	$ 2,807
Realized loss	$ 777	$ 2,747	$ 125

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

9 Months Ended

Sep. 30, 2024

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

NOTE 15: ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

	September 30, 2024		December 31, 2023
Accrued expenses	$	137,698	$	142,130
Government authorities		35,595		34,309
Operating lease liabilities		12,439		17,704
Accrual for sales incentives		10,350		5,862
Other		6,052		5,906
Total accrued expenses and other current liabilities	$	202,134	$	205,911

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowances of trade receivable	$ 41,501	$ 16,400
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized shares	125,000,000	125,000,000
Common stock, issued shares	57,935,436	57,123,437
Common stock, outstanding shares	57,182,072	57,123,437
Treasury stock, shares	753,364

OTHER OPERATING EXPENSE (INCOME) (Tables)

9 Months Ended

Sep. 30, 2024

Other Income and Expenses [Abstract]

Schedule of other operating expense (income)

	Three Months Ended September 30,					Nine Months Ended September 30,
	2024			2023		2024		2023
Impairment of intangible assets and goodwill	$	24,725		$	-	$	24,725	$	-
Impairment and disposal by abandonment of property, plant and equipment		204,888			-		206,620		-
Loss (gain) from sales of assets		(644	)		-		1,838		(1,434	)
Other		4,960			-		4,088		-
Total other operating expense (income), net	$	233,929		$	-	$	237,271	$	(1,434	)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenues	$ 260,903	$ 725,305	$ 730,707	$ 2,660,484
Cost of revenues	963,229	582,488	1,470,189	1,900,236
Gross profit (loss)	(702,326)	142,817	(739,482)	760,248
Operating expenses:
Research and development	70,372	80,082	214,999	246,481
Sales and marketing	37,427	40,351	116,316	125,539
General and administrative	41,212	39,110	111,085	111,876
Other operating expense (income), net	233,929	0	237,271	(1,434)
Total operating expenses	382,940	159,543	679,671	482,462
Operating income (loss)	(1,085,266)	(16,726)	(1,419,153)	277,786
Financial income (expense), net	5,558	(7,901)	(2,371)	19,157
Other income (loss), net	(3,928)	(484)	14,623	(609)
Income (loss) before income taxes	(1,083,636)	(25,111)	(1,406,901)	296,334
Income taxes	(121,108)	(36,065)	(85,109)	(99,622)
Net loss from equity method investments	(577)	0	(1,440)	0
Net income (loss)	$ (1,205,321)	$ (61,176)	$ (1,493,450)	$ 196,712
Net basic earnings (loss) per share of common stock	$ (21.13)	$ (1.08)	$ (26.22)	$ 3.49
Net diluted earnings (loss) per share of common stock	$ (21.13)	$ (1.08)	$ (26.22)	$ 3.34
Weighted average number of shares used in computing net basic earnings (loss) per share of common stock	57,029,983	56,671,504	56,952,656	56,435,880
Weighted average number of shares used in computing net diluted earnings (loss) per share of common stock	57,029,983	56,671,504	56,952,656	59,297,423

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2024

Payables and Accruals [Abstract]

Schedule of accrued expenses and other current liabilities

	September 30, 2024		December 31, 2023
Accrued expenses	$	137,698	$	142,130
Government authorities		35,595		34,309
Operating lease liabilities		12,439		17,704
Accrual for sales incentives		10,350		5,862
Other		6,052		5,906
Total accrued expenses and other current liabilities	$	202,134	$	205,911

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 25: SUBSEQUENT EVENTS On November 4, 2024, the Company announced that it closed its first transaction for the sale of §45X Advanced Manufacturing Production Tax Credits in consideration for a cash payment of $40,000, net of discounts and fees to Genworth Financial Inc. (the "Tax Credits"). The credits were generated from the sales of inverters, produced during the first half of 2024, at the Company's facility in Austin, Texas.

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Provision for credit loss	$ 11,578
Loan granted to one of Company’s customers	$ 80,000	$ 43,000

INVENTORIES, NET (Tables)

9 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

Schedule of inventories, net

	September 30, 2024		December 31, 2023
Raw materials	$	204,083	$	340,604
Work in process		493		20,885
Finished goods		593,807		1,081,960
Total inventories, net	$	798,383	$	1,443,449

RESTRUCTURING AND OTHER EXIT ACTIVITIES (Schedule of liability balance for the restructuring and other exit charges) (Details)
$ in Thousands

9 Months Ended

Sep. 30, 2024

USD ($)

Employee termination costs [Member]

Restructuring Reserve [Roll Forward]

Balance as of December 31, 2023

$ 2,373

Charges

6,922

Cash payments

(9,029)

Non-cash utilization and other

(266)

Balance as of September 30, 2024

Inventory write-down [Member]

Restructuring Reserve [Roll Forward]

Balance as of December 31, 2023

27,774

^[1]

Charges

(137)

^[1]

Cash payments

^[1]

Non-cash utilization and other

(6,171)

^[1]

Balance as of September 30, 2024

21,466

^[1]

Contract termination and other [Member]

Restructuring Reserve [Roll Forward]

Balance as of December 31, 2023

30,393

Charges

9,124

Cash payments

(36,853)

Non-cash utilization and other

(2,664)

Balance as of September 30, 2024

$ 0

[1]	Inventory write-down is included under Inventories, net on the balance sheet.

GOODWILL (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
GOODWILL (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Accumulated goodwill impairment losses	$ 92,355	$ 92,355	$ 90,104
Goodwill, Impairment Loss	$ 2,251	$ 2,251

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Schedule of Fair Values of Outstanding Derivative Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivative assets of options and forward contracts:
Total derivative assets	$ 1,102	$ 4,887
Designated cash flow hedges [Member] \| Prepaid expenses and other current assets [Member]
Derivative assets of options and forward contracts:
Total derivative assets	$ 1,102	4,477
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid Expense and Other Assets
Non-designated hedges [Member] \| Prepaid expenses and other current assets [Member]
Derivative assets of options and forward contracts:
Total derivative assets	$ 0	$ 410
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid Expense and Other Assets

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

9 Months Ended

Sep. 30, 2024

Accumulated Other Comprehensive Income Loss [Abstract]

Schedule of changes in AOCI

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Unrealized gains (losses) on available-for-sale marketable securities
Beginning balance	$	(3,465	)	$	(18,611	)	$	(4,960	)	$	(25,449	)
Revaluation		4,571			3,216			8,304			11,579
Tax on revaluation		(1,017	)		(654	)		(1,786	)		(2,257	)
Other comprehensive income before reclassifications		3,554			2,562			6,518			9,322
Reclassification		(777	)		-			(2,747	)		107
Tax on reclassification		198			-			699			(29	)
Losses (gains) reclassified from accumulated other comprehensive income (loss)		(579	)		-			(2,048	)		78
Net current period other comprehensive income		2,975			2,562			4,470			9,400
Ending balance	$	(490	)	$	(16,049	)	$	(490	)	$	(16,049	)
Unrealized gains (losses) on cash flow hedges
Beginning balance	$	407		$	(1,776	)	$	3,940		$	(1,761	)
Revaluation		1,286			(2,896	)		(1,620	)		(7,321	)
Tax on revaluation		(155	)		183			194			460
Other comprehensive loss before reclassifications		1,131			(2,713	)		(1,426	)		(6,861	)
Reclassification		(646	)		1,910			(1,755	)		6,316
Tax on reclassification		78			(120	)		211			(393	)
Losses (gains) reclassified from accumulated other comprehensive income (loss)		(568	)		1,790			(1,544	)		5,923
Net current period other comprehensive income (loss)		563			(923	)		(2,970	)		(938	)
Ending balance	$	970		$	(2,699	)	$	970		$	(2,699	)
Foreign currency translation adjustments on intra-entity transactions that are of a long-term investment in nature
Beginning balance	$	(64,298	)	$	(50,695	)	$	(43,335	)	$	(37,960	)
Revaluation		13,555			(9,989	)		(7,408	)		(22,724	)
Ending balance	$	(50,743	)	$	(60,684	)	$	(50,743	)	$	(60,684	)
Unrealized gains (losses) on foreign currency translation
Beginning balance	$	(10,594	)	$	(6,350	)	$	(2,530	)	$	(7,939	)
Revaluation		3,604			1,833			(4,460	)		3,422
Ending balance	$	(6,990	)	$	(4,517	)	$	(6,990	)	$	(4,517	)
Total	$	(57,253	)	$	(83,949	)	$	(57,253	)	$	(83,949	)

Schedule of reclassifications out of AOCI

Details about Accumulated Other Comprehensive Loss Components	Three Months Ended September 30,						Nine Months Ended September 30,						Affected Line Item in the Statement of Income
	2024			2023			2024			2023
Unrealized gains (losses) on available-for-sale marketable securities
	$	777		$	-		$	2,747		$	(107	)	Financial income (expense), net
		(198	)		-			(699	)		29		Income taxes
	$	579		$	-		$	2,048		$	(78	)	Total, net of income taxes
Unrealized gains (losses) on cash flow hedges, net
		78			(219	)		204			(734	)	Cost of revenues
		369			(1,138	)		1,031			(3,789	)	Research and development
		85			(256	)		231			(791	)	Sales and marketing
		114			(297	)		289			(1,002	)	General and administrative
	$	646		$	(1,910	)	$	1,755		$	(6,316	)	Total, before income taxes
		(78	)		120			(211	)		393		Income taxes
		568			(1,790	)		1,544			(5,923	)	Total, net of income taxes
Total reclassifications for the period	$	1,147		$	(1,790	)	$	3,592		$	(6,001	)

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2024	Nov. 01, 2024
Cover [Abstract]
Entity Registrant Name	SOLAREDGE TECHNOLOGIES, INC.
Entity Central Index Key	0001419612
Document Type	10-Q
Document Period End Date	Sep. 30, 2024
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-36894
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-5338862
Entity Address, Country	IL
Entity Address, City or Town	Herziliya Pituach
Entity Address, Address Line One	1 HaMada Street
Entity Address, Postal Zip Code	4673335
City Area Code	972
Local Phone Number	(9) 957-6620
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Title of each class	Common stock, par value $0.0001 per share
Trading Symbol	SEDG
Name of Exchange on which Security is Registered	NASDAQ
Entity Common Stock, Shares Outstanding		57,950,134

INCOME TAXES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
INCOME TAXES (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Income Taxes Schedule Of Taxes On Income Details
Effective tax rate	11.20%	143.60%	6.00%	33.60%
Valuation allowance	$ 217,314		$ 217,314		$ 51,245
Unrecognized tax benefits	21,992		21,992		15,908
Total amount of penalties and interest	5,543		5,543		2,927
Advanced manufacturing tax credits	13,963		44,084
Benefits recognized from AMPTCs	$ 68,001		$ 68,001		$ 6,020

WARRANTY OBLIGATIONS

9 Months Ended

Sep. 30, 2024

Product Warranties Disclosures [Abstract]

WARRANTY OBLIGATIONS

NOTE 13: WARRANTY OBLIGATIONS

Changes in the Company’s product warranty obligations for the three and nine months ended September 30, 2024 and 2023, were as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Balance, at the beginning of the period	$	490,832		$	488,587		$	518,244		$	385,057
Accruals for warranty during the period		15,981			65,401			47,320			220,422
Changes in estimates		6,878			300			16,188			10,355
Settlements		(34,787	)		(38,476	)		(102,848	)		(100,022	)
Balance, at end of the period		478,904			515,812			478,904			515,812
Less current portion		(163,561	)		(174,125	)		(163,561	)		(174,125	)
Long term portion	$	315,343		$	341,687		$	315,343		$	341,687

GOODWILL (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
GOODWILL (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2024
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill at December 31, 2023		$ 42,996
Acquisitions		11,344
Accumulated impairment losses	$ (2,251)	(2,251)
Foreign currency adjustments		(214)
Goodwill at June 30, 2024	51,875	51,875
Solar [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill at December 31, 2023		40,632
Acquisitions		11,344
Accumulated impairment losses		0
Foreign currency adjustments		(101)
Goodwill at June 30, 2024	51,875	51,875
Energy Storage [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill at December 31, 2023		2,364
Acquisitions		0
Accumulated impairment losses		(2,251)
Foreign currency adjustments		(113)
Goodwill at June 30, 2024	$ 0	$ 0

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

9 Months Ended

Sep. 30, 2024

GOODWILL

NOTE 9: GOODWILL

Goodwill is assessed annually for impairment in the fourth quarter of each year and is examined between annual tests if events or circumstances arise that indicate that the carrying amount may be impaired.

In light of impairment indicators which include, among other factors, a sustained decline in the Company's stock price and, as a result, the Company's market capitalization, the Company decided to conduct an impairment test as of September 30, 2024.

The fair value of the reporting units was estimated using a discounted cash flow analysis. When performing this analysis, the Company also considered multiples of earnings from comparable public companies.

The Company performed a qualitative assessment of its Energy Storage reporting unit in order to determine whether it was necessary to conduct the quantitative goodwill impairment test. Based on the results of this assessment, the Company acknowledged that it was more likely than not, that the fair value of said reporting unit is lower than its carrying value, and as such a quantitative goodwill impairment test was performed. Based on the results of the quantitative test, the Energy Storage reporting unit's goodwill was impaired in its entirety. This goodwill impairment was recorded under Other operating expense (income), net in the consolidated statements of income (loss) section.

The Solar reporting unit was also examined. As a result of such quantitative testing, the Company determined that its fair value exceeds its carrying amount, and therefore no impairment was recorded.

Changes in the carrying amount of goodwill for the period ended September 30, 2024 were as follows:

	Solar			Energy Storage			Total
Goodwill at December 31, 2023	$	40,632		$	2,364		$	42,996
Changes during the year:
Acquisitions		11,344			-			11,344
Accumulated impairment losses		-			(2,251	)		(2,251	)
Foreign currency adjustments		(101	)		(113	)		(214	)
Goodwill at September 30, 2024	$	51,875		$	-		$	51,875

For the three and nine months ended September 30, 2024, the Company recorded goodwill impairment losses in the amount of $2,251.

The Company did not record any goodwill impairment losses for the three and nine months ended September 30, 2023.

As of September 30, 2024 and December 31, 2023 accumulated goodwill impairment amounted to $92,355 and $90,104, respectively.

CONVERTIBLE SENIOR NOTES

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

CONVERTIBLE SENIOR NOTES

NOTE 16: CONVERTIBLE SENIOR NOTES

On September 25, 2020, the Company sold an aggregate principal amount of $632,500 of its 0.00% convertible senior notes, due 2025 (the “Notes 2025”). The Notes 2025 were sold pursuant to an indenture, dated September 25, 2020 (the “Indenture”), between the Company and U.S. Bank National Association, as trustee. The Notes 2025 do not bear regular interest and mature on September 15, 2025, unless earlier repurchased or converted in accordance with their terms. The Notes 2025 are general senior unsecured obligations of the Company. Holders may convert their Notes 2025 prior to the close of business on the business day immediately preceding June 15, 2025 in multiples of $1,000 principal amount, only under the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ending on December 31, 2020 (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 2025 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 as described in the Indenture. In addition, holders may convert their Notes 2025, in multiples of $1,000 principal amount, at their option at any time beginning on or after June 15, 2025, and prior to the close of business on the second scheduled trading day immediately preceding the stated maturity date of the Notes 2025, without regard to the foregoing circumstances. The initial conversion rate for the Notes 2025 was 3.5997 shares of common stock per $1,000 principal amount of Notes 2025, which is equivalent to an initial conversion price of approximately $277.80 per share of common stock, subject to adjustment upon the occurrence of certain specified events as set forth in the Indenture.

Upon conversion, the Company may choose to pay or deliver, as the case may be, cash, shares of common stock, or a combination of cash and shares of common stock.

In addition, upon the occurrence of a fundamental change (as defined in the Indenture), holders of the Notes 2025 may require the Company to repurchase all or a portion of their Notes 2025, in multiples of $1,000 principal amounts, at a repurchase price of 100% of the principal amount of the Notes 2025, plus any accrued and unpaid special interest to, but excluding the fundamental change repurchase date. If certain fundamental changes referred to as make-whole fundamental changes occur, the conversion rate for the Notes 2025 may be increased.

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. In addition, holders may convert their Notes 2029, in multiples of $1,000 principal amount, at their option at any time beginning on or after April 1, 2029, and prior to the close of business on the second scheduled trading day immediately preceding the stated maturity date of the Notes 2029, without regard to the foregoing circumstances. The initial conversion rate for the Notes 2029 is 29.1375 shares of common stock per $1,000 principal amount of Notes 2029, which is equivalent to an initial conversion price of approximately $34.32 per share of common stock, subject to adjustment upon the occurrence of certain specified events as set forth in the Indenture 2029.

Upon conversion, the Company may choose to pay or deliver, as the case may be, cash, shares of common stock or a combination of cash and shares of common stock.

In addition, upon the occurrence of a fundamental change (as defined in the Indenture 2029), holders of the Notes 2029 may require the Company to repurchase all or a portion of their Notes 2029, in multiples of $1,000 principal amounts, at a repurchase price of 100% of the principal amount of the Notes 2029, plus any accrued and unpaid interest, if any, up to, but not including, the repurchase date. If certain fundamental changes referred to as make-whole fundamental changes occur, the conversion rate for the Notes 2029 may be increased.

The Notes 2029 are not redeemable prior to July 6, 2027. On or after July 6, 2027, the Company may redeem the Notes 2029 at its option if the last reported sale price of the common stock has been at least 130% of the conversion price, then in effect, for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on and including the trading day immediately preceding the date on which the Company provides notice of redemption, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, up to, but excluding, the redemption date.

The net proceeds from the offering of the Notes 2029 were approximately $293,200, after deducting fees and estimated expenses. Congruently, the Company has entered into capped call transactions (as detailed below). The Company used approximately $25,230 of the net proceeds from this offering to pay the cost of the capped call transactions. The Company also used approximately $267,900 of the net proceeds from this offering to repurchase $285,000 principal amount of its Notes 2025. The Company recorded under other income a gain of $15,456 from the repurchase of Notes 2025.

The Company accounts for the Notes 2029 at amortized cost, as a single unit of account on the balance sheet. The carrying value of the liability is represented by the face amount of the Notes 2029, less debt issuance costs, adjusted for any amortization of issuance costs. Issuance costs are being amortized as interest expense over the term of the Notes 2029, using the effective interest rate method.

The capped call transactions are expected generally to reduce the potential dilution to the common stock upon any conversion of the Notes 2029 and/or offset any cash payments the Company is required to make in excess of the principal amount of converted Notes 2029, as the case may be, in the event that the market price per share of common stock, as measured under the terms of the capped call transactions, is greater than the strike price of the capped call transactions. The strike price initially corresponds to the conversion price of the Notes and is subject to customary anti-dilution adjustments. If, however, the market price per share of common stock exceeds $48.84, the initial cap price of the capped call transactions, there would nevertheless be unmitigated dilution and/or no offset of any cash payments, in each case, attributable to the amount by which the market price of the common stock exceeds the cap price. The cap price is subject to certain customary adjustments under the terms of the capped call transactions.

The capped call transactions are considered a freestanding instrument as they were entered into separately and apart from Notes 2029. In addition, the conversion or redemption of the Notes 2029 would not automatically result in the exercise of the capped call.

As the capped call transactions are indexed to the Company's common stock, they were recorded as a reduction of additional paid-in capital in the condensed consolidated balance sheets.

On July 8, 2024 the Company sold to Goldman Sachs & Co. LLC, as representative of the several initial purchasers (the “Initial Purchasers”), and the Initial Purchasers purchased from the Company, $37,000 aggregate principal amount of additional Notes 2029. The additional Notes 2029 were sold pursuant to the Initial Purchasers’ exercise of the option granted by the Company to the Initial Purchasers to purchase additional Notes 2029, solely to cover over-allotments, under the purchase agreement described in the Company's Form 8-K filed on June 28, 2024.

The net proceeds from the exercise of the option granted by the Company to the Initial Purchasers of the Notes 2029 were approximately $36,237, after deducting fees and estimated expenses. Congruently, the Company has entered into additional capped call transactions. The Company used approximately $3,111 of the net proceeds from this offering to pay the cost of the additional capped call transactions. The Company intends to use the remainder of the net proceeds from the offering for general corporate purposes.

The convertible senior notes consisted of the following as of September 30, 2024 and December 31, 2023:

	September 30, 2024			December 31, 2023
Notes 2025
Principal	$	347,500		$	632,500
Unamortized issuance costs		(1,600	)		(5,119	)
Net carrying amount Notes 2025		345,900			627,381
Notes 2029
Principal		337,000			-
Unamortized issuance costs		(7,386	)		-
Net carrying amount Notes 2029		329,614			-

Total notes carrying amount	$	675,514		$	627,381

Costs related to the Notes 2025 and the Notes 2029 for the three and nine months ended September 30, 2024 were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Notes 2025
Debt issuance cost	$	1,138	$	733	$	1,874	$	2,196
Notes 2029
Debt issuance cost	$	393	$	-	$	400	$	-
Contractual interest expense	$	1,913	$	-	$	1,950	$	-

As of September 30, 2024, the unamortized issuance costs of the Notes 2025 and Notes 2029 will be amortized over the remaining term of approximately 1 and 4.8 years, respectively.

The annual effective interest rate of Notes 2025 and Notes 2029 is 0.47%. and 2.75%, respectively.

As of September 30, 2024, the estimated fair value of Notes 2025 and Notes 2029, which the Company has classified as Level 2 financial instruments, is $324,044 and $306,633, respectively. The estimated fair value was determined based on the quoted bid price of the Notes in an over-the-counter market on the last trading day of the reporting period.

As of September 30, 2024, the if-converted value of the Notes 2025 and Notes 2029 did not exceed the principal amount.

DEFERRED REVENUES AND CUSTOMERS ADVANCES (Schedule of Balances of Deferred Revenues and Customer Advances) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue Recognition and Deferred Revenue [Abstract]
Balance, at the beginning of the period	$ 251,014	$ 232,828	$ 255,443	$ 213,577
Revenue recognized	(17,824)	(19,869)	(37,442)	(25,819)
Increase in deferred revenues and customer advances	20,947	21,130	36,136	46,331
Balance, at the end of the period	254,137	234,089	254,137	234,089
Less current portion	(27,367)	(22,064)	(27,367)	(22,064)
Long term portion	$ 226,770	$ 212,025	$ 226,770	$ 212,025

BUSINESS COMBINATIONS (Narrative) (Details) - Weev Energy B F Ltd [Member] - USD ($) $ in Thousands	Apr. 02, 2024	Jan. 31, 2023
Business Acquisition [Line Items]
Investment amount		$ 5,500
Ownership percentage on outstanding shares		34.80%
Amount of business acquisition	$ 13,331
Business Combination [Member]
Business Acquisition [Line Items]
Business acquisition, net losses	646
Acquisition-date fair value of original investment	5,979
Gain on acquisition-date fair value	$ 1,125

This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 610,806	$ 849,573
Less - accumulated depreciation	186,901	234,994
Total property, plant and equipment, net	423,905	614,579
Land [Member]
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	10,112	12,823
Buildings and plants [Member]
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	122,437	153,813
Computers and peripheral equipment [Member]
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	51,978	57,527
Office furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	9,149	10,992
Laboratory and testing equipment [Member]
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	63,921	67,248
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	194,534	362,363
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	112,019	96,730
Assets under construction and payments on account [Member]
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 46,656	$ 88,077

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income (loss)	$ (1,493,450)	$ 196,712
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	47,215	42,019
Provision to write down inventories to net realizable value	638,966	20,674
Loss on impairment and disposal of property, plant and equipment	206,620
Stock-based compensation expenses	112,818	115,015
Impairment of goodwill and intangible assets	24,725	0
Deferred income taxes, net	79,831	(18,199)
Gain from repurchasing of convertible notes	(15,455)	0
Loss (gain) from exchange rate fluctuations	8,243	(8,170)
Other items	10,299	6,915
Changes in assets and liabilities:
Trade receivables, net	379,214	(40,011)
Inventories, net	15,858	(458,475)
Prepaid expenses and other assets	(38,223)	19,822
Operating lease right-of-use assets, net	12,286	12,323
Trade payables, net	(284,255)	(53,996)
Warranty obligations	(39,294)	130,863
Deferred revenues and customers advances	1,253	18,580
Operating lease liabilities	(11,881)	(11,945)
Accrued expenses and other liabilities, net	19,574	(12,330)
Net cash used in operating activities	(325,656)	(40,203)
Cash flows from investing activities:
Investment in available-for-sale marketable securities	(200,919)	(214,516)
Proceeds from maturities of available-for-sale marketable securities	632,866	191,810
Proceeds from sales of available-for-sale marketable securities	70,642	2,807
Purchase of property, plant and equipment	(95,905)	(130,024)
Business combinations, net of cash acquired	(10,417)	(16,653)
Purchase of intangible assets	(10,000)	(10,600)
Disbursements for loans receivables	(37,500)	(13,000)
Investment in privately-held companies	(25,742)	(8,000)
Other investing activities	(4,270)	9,989
Net cash provided by (used in) investing activities	318,755	(188,187)
Cash flows from financing activities:
Repurchase of common stock	(50,315)	0
Partial repurchase of Notes 2025	(267,900)	0
Proceeds from issuance of Notes 2029, net of issuance costs	329,214	0
Capped call transactions related to Notes 2029	(28,342)	0
Tax withholding in connection with stock-based awards, net	(592)	(9,267)
Other financing activities	(1,938)	(2,038)
Net cash used in financing activities	(19,873)	(11,305)
Effect of exchange rate differences on cash and cash equivalents	(7,790)	7,705
Decrease in cash and cash equivalents	(34,564)	(231,990)
Cash and cash equivalents at the beginning of the period	338,468	783,112
Cash and cash equivalents at the end of the period	303,904	551,122
Supplemental disclosure of non-cash activities:
Purchase of intangible assets and business combinations	0	11,307
Right-of-use asset recognized with a corresponding lease liability	2,138	17,658
Purchase of property, plant and equipment	$ 4,761	$ 19,574

FAIR VALUE MEASUREMENTS (Schedule of Assets Measured at Fair Value) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Level 1 [Member] \| Cash [Member]
Fair value of assets	$ 289,287	$ 309,521
Level 1 [Member] \| Money market mutual funds [Member]
Fair value of assets	11,180	22,311
Level 1 [Member] \| Deposits [Member]
Fair value of assets	3,437	6,636
Level 2 [Member] \| Derivative instruments [Member]
Fair value of assets	1,102	4,887
Level 2 [Member] \| Short-term marketable securities: Corporate bonds [Member]
Fair value of assets	349,249	481,820
Level 2 [Member] \| Short-term marketable securities: U.S. Treasury securities [Member]
Fair value of assets	9,918	15,261
Level 2 [Member] \| Short-term marketable securities: U.S. Government agency securities [Member]
Fair value of assets	13,309	8,795
Level 2 [Member] \| Short-term marketable securities: Non - U.S. Government securities
Fair value of assets	2,393	15,694
Level 2 [Member] \| Long-term marketable securities: Corporate bonds [Member]
Fair value of assets	46,691	339,681
Level 2 [Member] \| Long-term marketable securities: U.S. Treasury securities [Member]
Fair value of assets	0	2,408
Level 2 [Member] \| Long-term marketable securities: U.S. Government agency securities [Member]
Fair value of assets	9,350	44,086
Level 2 [Member] \| Long-term marketable securities: Non - U.S. Government securities
Fair value of assets	$ 0	$ 21,650

STOCK CAPITAL (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of activity in the share options granted to employees and members of board of directors

	Number of options			Weighted average exercise price		Weighted average remaining contractual term in years		Aggregate intrinsic Value
Outstanding as of December 31, 2023		317,416		$	53.38		4.05	$	17,366
Exercised		(14,757	)		4.60		-		537
Forfeited or expired		(666	)		3.96		-		-
Outstanding as of September 30, 2024		301,993		$	55.87		3.48	$	899
Vested and expected to vest as of September 30, 2024		301,930		$	55.82		3.45	$	25,782
Exercisable as of September 30, 2024		299,552		$	53.79		3.42	$	25,782

Schedule of RSU activity

	Number of RSUs			Weighted average grant date fair value
Unvested as of December 31, 2023		1,860,286		$	182.52
Granted		1,731,577			45.89
Vested		(539,819	)		187.51
Forfeited		(306,658	)		158.23
Unvested as of September 30, 2024		2,745,386		$	98.11

Schedule of recognized stock-based compensation expenses

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Stock-based compensation expenses:
Cost of revenues	$	6,038	$	5,882	$	18,224	$	17,732
Research and development		17,115		16,481		51,893		50,962
Sales and marketing		6,816		7,739		22,876		23,640
General and administrative		6,672		6,713		19,825		22,681
Total stock-based compensation expenses	$	36,641	$	36,815	$	112,818	$	115,015

Stock-based compensation capitalized:
Inventory	$	722	$	655	$	2,387	$	1,666
Other long-term assets		508		422		1,451		1,259
Total stock-based compensation capitalized	$	1,230	$	1,077	$	3,838	$	2,925

Employee Stock Option [Member] | Employees and members of board of directors

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of RSU activity

	Number of PSUs			Weighted average grant date fair value
Unvested as of December 31, 2023		74,415		$	302.58
Granted		96,249			86.06
Vested		(12,277	)		298.92
Forfeited		(14,196	)		247.53
Unvested as of September 30, 2024		144,191		$	163.78

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Product Warranties Disclosures [Abstract]

BUSINESS COMBINATIONS (Schedule of Fair Values Estimation of Assets Acquired and Liabilities Assumed) (Details) $ in Thousands	Apr. 02, 2024 USD ($)
Finite-Lived Intangible Assets [Line Items]
Cash	$ 2,914
Net liabilities assumed	(903)
Total	19,310
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Identified intangible assets:	$ 4,049
Weighted average life	7 years
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Identified intangible assets:	$ 1,241
Weighted average life	1 year
Trade name [Member]
Finite-Lived Intangible Assets [Line Items]
Identified intangible assets:	$ 665
Weighted average life	2 years
Goodwill [Member]
Finite-Lived Intangible Assets [Line Items]
Identified intangible assets:	$ 11,344

WARRANTY OBLIGATIONS (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of warranty obligations

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Balance, at the beginning of the period	$	490,832		$	488,587		$	518,244		$	385,057
Accruals for warranty during the period		15,981			65,401			47,320			220,422
Changes in estimates		6,878			300			16,188			10,355
Settlements		(34,787	)		(38,476	)		(102,848	)		(100,022	)
Balance, at end of the period		478,904			515,812			478,904			515,812
Less current portion		(163,561	)		(174,125	)		(163,561	)		(174,125	)
Long term portion	$	315,343		$	341,687		$	315,343		$	341,687

MARKETABLE SECURITIES (Tables)

9 Months Ended

Sep. 30, 2024

Marketable Securities [Abstract]

Schedule of available-for-sale marketable securities

	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Matures within one year:
Corporate bonds	$	350,590	$	164	$	(1,505	)	$	349,249
U.S. Treasury securities		9,925		-		(7	)		9,918
U.S. Government agency securities		13,284		25		-			13,309
Non-U.S. Government securities		2,400		-		(7	)		2,393
		376,199		189		(1,519	)		374,869
Matures after one year:
Corporate bonds		46,103		638		(50	)		46,691
U.S. Government agency securities		9,280		70		-			9,350
		55,383		708		(50	)		56,041
Total	$	431,582	$	897	$	(1,569	)	$	430,910

	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Matures within one year:
Corporate bonds	$	487,083	$	679	$	(5,942	)	$	481,820
U.S. Treasury securities		15,324		-		(63	)		15,261
U.S. Government agency securities		8,787		11		(3	)		8,795
Non-U.S. Government securities		15,161		673		(140	)		15,694
		526,355		1,363		(6,148	)		521,570
Matures after one year:
Corporate bonds		342,223		1,902		(4,444	)		339,681
U.S. Treasury securities		2,430		-		(22	)		2,408
U.S. Government agency securities		44,100		107		(121	)		44,086
Non-U.S. Government securities		20,488		1,162		-			21,650
		409,241		3,171		(4,587	)		407,825
Total	$	935,596	$	4,534	$	(10,735	)	$	929,395

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (1,205,321)	$ (130,818)	$ (157,311)	$ (61,176)	$ 119,510	$ 138,378	$ (1,493,450)	$ 196,712

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 7
-Publisher FASB
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-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
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Reference 35: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
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Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
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-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
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-Publisher FASB
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Derivative Instruments and Hedging Activities Disclosure [Abstract]

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 303,904	$ 338,468
Marketable securities	374,869	521,570
Trade receivables, net of allowances of $41,501 and $16,400, respectively	239,408	622,425
Inventories, net	798,383	1,443,449
Prepaid expenses and other current assets	401,551	378,394
Total current assets	2,118,115	3,304,306
LONG-TERM ASSETS:
Marketable securities	56,041	407,825
Deferred tax assets, net	0	80,912
Property, plant and equipment, net	423,905	614,579
Operating lease right-of-use assets, net	43,088	64,167
Intangible assets, net	11,169	35,345
Goodwill	51,875	42,996
Other long-term assets	112,201	37,601
Total long-term assets	698,279	1,283,425
Total assets	2,816,394	4,587,731
CURRENT LIABILITIES:
Trade payables, net	94,730	386,471
Employees and payroll accruals	70,120	76,966
Warranty obligations	163,561	183,047
Deferred revenues and customers advances	27,367	40,836
Accrued expenses and other current liabilities	202,134	205,911
Convertible senior notes, net	345,900	0
Total current liabilities	903,812	893,231
LONG-TERM LIABILITIES:
Convertible senior notes, net	329,614	627,381
Warranty obligations	315,343	335,197
Deferred revenues	226,770	214,607
Finance lease liabilities	39,197	41,892
Operating lease liabilities	31,293	45,070
Other long-term liabilities	13,999	18,444
Total long-term liabilities	956,216	1,282,591
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS’ EQUITY:
Common stock of $0.0001 par value - Authorized: 125,000,000 shares; issued: 57,935,436 shares at September 30, 2024 and 57,123,437 shares at December 31, 2023; outstanding: 57,182,072 shares at September 30, 2024 and 57,123,437 shares at December 31, 2023.	6	6
Additional paid-in capital	1,779,212	1,680,622
Treasury stock, at cost; 753,364 shares held	(50,315)	0
Accumulated other comprehensive loss	(57,253)	(46,885)
Retained earnings (Accumulated deficit)	(715,284)	778,166
Total stockholders’ equity	956,366	2,411,909
Total liabilities and stockholders’ equity	$ 2,816,394	$ 4,587,731

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of fair values of outstanding derivative instruments

	Balance sheet location	September 30, 2024		December 31, 2023
Derivative assets of options and forward contracts:
Designated cash flow hedges	Prepaid expenses and other current assets	$	1,102	$	4,477
Non-designated hedges	Prepaid expenses and other current assets		-		410
Total derivative assets		$	1,102	$	4,887

Schedule of gains (losses) on derivative instruments recognized in our income statements

		Three Months Ended September 30,					Nine Months Ended September 30,
	Affected line item	2024		2023			2024			2023
Foreign exchange contracts
Non Designated Hedging Instruments	Condensed Consolidated Statements of Income (loss) - Financial income (expense), net	$	-	$	5,841		$	802		$	5,841
Designated Hedging Instruments	Condensed Consolidated Statements of Comprehensive Income (loss) - Cash flow hedges	$	1,131	$	(2,713	)	$	(1,426	)	$	(6,861	)

OTHER OPERATING EXPENSE (INCOME) (Schedule of Other Operating Expense and Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Income and Expenses [Abstract]
Impairment of intangible assets and goodwill	$ 24,725	$ 0	$ 24,725	$ 0
Impairment and disposal by abandonment of property, plant and equipment	204,888	0	206,620	0
Loss (gain) from sales of assets	(644)	0	1,838	(1,434)
Other	4,960	0	4,088	0
Total other operating expense (income), net	$ 233,929	$ 0	$ 237,271	$ (1,434)

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)

9 Months Ended

Sep. 30, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of prepaid expenses and other current assets

	September 30, 2024		December 31, 2023
Government authorities	$	255,603	$	167,221
Vendor non-trade receivables¹		56,508		102,991
Loan receivables, net²		32,297		55,418
Prepayments		38,438		29,578
Other		18,705		23,186
Total prepaid expenses and other current assets	$	401,551	$	378,394

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Schedule of Accrued Expenses and Other Current Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued expenses	$ 137,698	$ 142,130
Government authorities	35,595	34,309
Operating lease liabilities	12,439	17,704
Accrual for sales incentives	10,350	5,862
Other	6,052	5,906
Total accrued expenses and other current liabilities	$ 202,134	$ 205,911

INTANGIBLE ASSETS, NET (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment of Intangible Assets			$ 22,474
Amortization expenses	$ 2,823	$ 2,663	$ 6,751	$ 5,901

ACCUMULATED OTHER COMPREHENSIVE LOSS (Schedule of Changes in AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Beginning balance			$ (46,885)				$ (46,885)
Net current period other comprehensive income (loss)	$ 20,697	$ (11,339)	(19,726)	$ (6,517)	$ (228)	$ (4,095)	(10,368)	$ (10,840)
Ending balance	(57,253)			(83,949)			(57,253)	(83,949)
Unrealized gains (losses) on available-for-sale marketable securities [Member]
Beginning balance	(3,465)		(4,960)	(18,611)		(25,449)	(4,960)	(25,449)
Revaluation	4,571			3,216			8,304	11,579
Tax on revaluation	(1,017)			(654)			(1,786)	(2,257)
Other comprehensive income (loss) before reclassifications	3,554			2,562			6,518	9,322
Reclassification	(777)			0			(2,747)	107
Tax on reclassification	198			0			699	(29)
Losses (gains) reclassified from accumulated other comprehensive income (loss)	(579)			0			(2,048)	78
Net current period other comprehensive income (loss)	2,975			2,562			4,470	9,400
Ending balance	(490)	(3,465)		(16,049)	(18,611)		(490)	(16,049)
Unrealized gains (losses) on cash flow hedges [Member]
Beginning balance	407		3,940	(1,776)		(1,761)	3,940	(1,761)
Revaluation	1,286			(2,896)			(1,620)	(7,321)
Tax on revaluation	(155)			183			194	460
Other comprehensive income (loss) before reclassifications	1,131			(2,713)			(1,426)	(6,861)
Reclassification	(646)			1,910			(1,755)	6,316
Tax on reclassification	78			(120)			211	(393)
Losses (gains) reclassified from accumulated other comprehensive income (loss)	(568)			1,790			(1,544)	5,923
Net current period other comprehensive income (loss)	563			(923)			(2,970)	(938)
Ending balance	970	407		(2,699)	(1,776)		970	(2,699)
Foreign currency translation adjustments on intra-entity transactions that are of a long-term investment in nature [Member]
Beginning balance	(64,298)		(43,335)	(50,695)		(37,960)	(43,335)	(37,960)
Revaluation	13,555			(9,989)			(7,408)	(22,724)
Ending balance	(50,743)	(64,298)		(60,684)	(50,695)		(50,743)	(60,684)
Unrealized gains (losses) on foreign currency translation [Member]
Beginning balance	(10,594)		$ (2,530)	(6,350)		$ (7,939)	(2,530)	(7,939)
Revaluation	3,604			1,833			(4,460)	3,422
Ending balance	$ (6,990)	$ (10,594)		$ (4,517)	$ (6,350)		$ (6,990)	$ (4,517)

DEFERRED REVENUES AND CUSTOMERS ADVANCES (Tables)

9 Months Ended

Sep. 30, 2024

Revenue Recognition and Deferred Revenue [Abstract]

Schedule of balances of deferred revenues

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Balance, at the beginning of the period	$	251,014		$	232,828		$	255,443		$	213,577
Revenue recognized		(17,824	)		(19,869	)		(37,442	)		(25,819	)
Increase in deferred revenues and customer advances		20,947			21,130			36,136			46,331
Balance, at the end of the period		254,137			234,089			254,137			234,089
Less current portion		(27,367	)		(22,064	)		(27,367	)		(22,064	)
Long term portion	$	226,770		$	212,025		$	226,770		$	212,025

Schedule estimated revenues expected to recognized in future to performance obligations

2024	$	16,674
2025		14,248
2026		13,904
2027		11,829
2028		11,339
Thereafter		186,143
Total deferred revenues	$	254,137

EARNINGS (LOSS) PER SHARE (Schedule of outstanding shares of common stock equivalents were excluded from the calculation due to their antidilutive nature) (Details) - shares

3 Months Ended

9 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Sep. 30, 2024

Sep. 30, 2023

Earnings Per Share [Abstract]

Stock-based awards

2,552,867

1,072,938

2,055,632

Notes 2025

2,276,818

1,510,363

Notes 2029

^[1]

984,342

392,152

Total shares excluded

3,537,209

3,349,756

3,958,147

[1]

In conjunction with the issuance of the Notes 2029 in June 2024, the Company used approximately $25,230 of the net proceeds from this offering to pay the cost of the capped call transactions. In July 2024, following an additional issuance of the Notes 2029, $3,111 of net proceeds were used to pay the cost of capped call transactions. In accordance with FASB ASC 260, antidilutive contracts, such as purchased call options are excluded from the computation of diluted net income (loss) per share. Accordingly, any potential impact resulting from capped call transaction is excluded from our computation of diluted net income (loss) per share.

PREPAID EXPENSES AND OTHER CURRENT ASSETS

9 Months Ended

Sep. 30, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 6: PREPAID EXPENSES AND OTHER CURRENT ASSETS

	September 30, 2024		December 31, 2023
Government authorities	$	255,603	$	167,221
Vendor non-trade receivables¹		56,508		102,991
Loan receivables, net²		32,297		55,418
Prepayments		38,438		29,578
Other		18,705		23,186
Total prepaid expenses and other current assets	$	401,551	$	378,394

¹Vendor non-trade receivables derived from the sale of components to manufacturing vendors who manufacture products, components and other testing equipment for the Company. The Company purchases these components directly from other suppliers. The Company does not reflect the sale of these components to the contract manufacturers in its revenues.

²Loan receivables are loans to third parties. The loan repayments are expected on a monthly or annual basis as per the contractual terms of each loan agreement. The loan is measured at its amortized cost and is subjected to the Company's credit risk policy. The loans bear interest that represents market interest rate. As of September 30, 2024, the Company's provision for credit loss was $11,578 which was recorded under Financial income (expense), net. The amortized cost of the loan receivable approximates its fair value as of September 30, 2024. As of September 30, 2024 and December 31, 2023 the Company granted loans to a customer in the amounts of $80,000 and $43,000, respectively. Considering the loan amounts, the customer's balance would potentially expose the Company to a concentration of credit risk. See Note 10 for more information regarding the long-term portion of the loan.

SUBSEQUENT EVENTS (Narrative) (Details) $ in Thousands	Nov. 04, 2024 USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Sale of asset, net of discounts and fees	$ 40,000

STOCK CAPITAL (Summary of the Activity in the Share Options) (Details) - Employee Stock Option [Member] - Employees and Members of Board of Directors [Member] $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares
Number of options
Outstanding at the beginning of the period \| shares	317,416
Exercised \| shares	(14,757)
Forfeited or expired \| shares	(666)
Outstanding at the end of the period \| shares	301,993	317,416
Weighted average exercise price
Outstanding at the beginning of the period \| $ / shares	$ 53.38
Exercised \| $ / shares	4.6
Forfeited or expired \| $ / shares	3.96
Outstanding at the end of the period \| $ / shares	$ 55.87	$ 53.38
Weighted Average Remaining Contractual Term In Years [Abstract]
Outstanding	3 years 5 months 23 days	4 years 18 days
Aggregate Intrinsic Value
Outstanding \| $	$ 899	$ 17,366
Exercised \| $	$ 537
Vested and expected to vest at the end of the period
Number of options \| shares	301,930
Weighted average exercise price \| $ / shares	$ 55.82
Weighted average remaining contractual term in years	3 years 5 months 12 days
Aggregate intrinsic Value \| $	$ 25,782
Exercisable at the end of the period
Number of options \| shares	299,552
Weighted average exercise price \| $ / shares	$ 53.79
Weighted average remaining contractual terms in years	3 years 5 months 1 day
Aggregate intrinsic Value \| $	$ 25,782

STOCK CAPITAL (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Nov. 01, 2023	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of common stock reserved for issuance pursuant to stock awards under the plan		10,000,000
Equity based compensation expenses to employees and nonemployees	$ 3,124		$ 11,422
Tax benefit realized from share-based compensation	$ 1,589		$ 7,050
Unrecognized compensation expense		$ 264,268
Share repurchase programs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Repurchase Program, Authorized, Amount				$ 300,000
Number of shares repurchased		753,364
Share repurchase average price per share		$ 66.79
Amount of shares repurchased		$ 50,315
Employee Stock Option [Member] \| 2007 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of common stock reserved for issuance pursuant to stock awards under the plan		23,709,926
Number of shares available for future grant under the plan		12,392,004
Employee Stock Option [Member] \| 2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage Of Common Shares Increase Automatically Each Year		5.00%
Number of shares available for future grant under the plan		8,617,974			379,358
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of common stock reserved for issuance pursuant to stock awards under the plan		4,638,023
Period Of Plan Increase Automatically Number Of Shares		487,643
Maximum Percentage Of Salary		15.00%
Aggregate Limit Per Participant		$ 15,000
Purchase price of common stock, percent		85.00%
Stock Repurchased During Period, Shares		1,183,310
Number of shares available for future grant under the plan		3,454,713

RESTRUCTURING AND OTHER EXIT ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of restructuring and other exit charges by reportable segments and type of cost

	Solar				e-Mobility
	Employee termination costs		Contract termination and other		Employee termination costs			Inventory write-down			Contract termination and other			Total
Cost of revenues	$	884	$	332	$	-		$	(2	)	$	(4	)	$	1,210
Research and development		648		-		-			-			-			648
Sales and marketing		468		-		-			-			-			468
General and administrative		183		-		(11	)		-			-			172
Total	$	2,183	$	332	$	(11	)	$	(2	)	$	(4	)	$	2,498

	Solar				e-Mobility
	Employee termination costs		Contract termination and other		Employee termination costs			Inventory write-down			Contract termination and other			Total
Cost of revenues	$	1,938	$	9,619	$	(200	)	$	(138	)	$	(859	)	$	10,360
Research and development		3,561		248		-			-			-			3,809
Sales and marketing		1,113		-		(4	)		-			-			1,109
General and administrative		568		118		(54	)		-			-			632
Total	$	7,180	$	9,985	$	(258	)	$	(138	)	$	(859	)	$	15,910

Schedule of liability balance for the restructuring and other exit charges

	Employee termination costs			Inventory write-down ¹			Contract termination and other
Balance as of December 31, 2023	$	2,373		$	27,774		$	30,393
Charges		6,922			(137	)		9,124
Cash payments		(9,029	)		-			(36,853	)
Non-cash utilization and other		(266	)		(6,171	)		(2,664	)
Balance as of September 30, 2024	$	-		$	21,466		$	-

¹Inventory write-down is included under Inventories, net on the balance sheet.

INVESTMENTS IN PRIVATELY-HELD COMPANIES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Apr. 30, 2024	Mar. 31, 2024	Jan. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Impairment of investment			$ 5,000
Net loss from equity method investments	$ 577	$ 0	1,440	$ 0
Other Long-Term Investments [Member]
Schedule of Equity Method Investments [Line Items]
Investment amount	22,574		22,574					$ 7,650
Ivy Energy Inc [Member] \| Preferred Stock [Member]
Schedule of Equity Method Investments [Line Items]
Investment amount							$ 6,075
Non-marketable equity securities	$ 6,075		$ 6,075
Stardust Solution Inc [Member] \| Preferred Stock [Member]
Schedule of Equity Method Investments [Line Items]
Investment amount						$ 5,000
Ampeers Energy Gmbh [Member] \| Common Stock [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage on outstanding shares					28.23%
Ampeers Energy Gmbh [Member] \| Preferred Stock [Member]
Schedule of Equity Method Investments [Line Items]
Investment amount					$ 17,000

EARNINGS (LOSS) PER SHARE (Schedule of Computation of Basic and Diluted Net Earnings (Loss) Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net income (loss)	$ (1,205,321)	$ (61,176)	$ (1,493,450)	$ 196,712
Denominator:
Shares used in computing net earnings (loss) per share of common stock, basic	57,029,983	56,671,504	56,952,656	56,435,880
Numerator:
Net income (loss) attributable to common stock, basic	$ (1,205,321)	$ (61,176)	$ (1,493,450)	$ 196,712
Notes 2025	0	0	0	1,608
Net income (loss) attributable to common stock, diluted	$ (1,205,321)	$ (61,176)	$ (1,493,450)	$ 198,320
Denominator:
Shares used in computing net earnings (loss) per share of common stock, basic	57,029,983	56,671,504	56,952,656	56,435,880
Notes 2025	0	0	0	2,276,818
Effect of stock-based awards	0	0	0	584,725
Shares used in computing net earnings (loss) per share of common stock, diluted	57,029,983	56,671,504	56,952,656	59,297,423
Earnings (loss) per share:
Basic	$ (21.13)	$ (1.08)	$ (26.22)	$ 3.49
Diluted	$ (21.13)	$ (1.08)	$ (26.22)	$ 3.34

ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 2024

Accumulated Other Comprehensive Income Loss [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

NOTE 19: ACCUMULATED OTHER COMPREHENSIVE LOSS

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Unrealized gains (losses) on available-for-sale marketable securities
Beginning balance	$	(3,465	)	$	(18,611	)	$	(4,960	)	$	(25,449	)
Revaluation		4,571			3,216			8,304			11,579
Tax on revaluation		(1,017	)		(654	)		(1,786	)		(2,257	)
Other comprehensive income before reclassifications		3,554			2,562			6,518			9,322
Reclassification		(777	)		-			(2,747	)		107
Tax on reclassification		198			-			699			(29	)
Losses (gains) reclassified from accumulated other comprehensive income (loss)		(579	)		-			(2,048	)		78
Net current period other comprehensive income		2,975			2,562			4,470			9,400
Ending balance	$	(490	)	$	(16,049	)	$	(490	)	$	(16,049	)
Unrealized gains (losses) on cash flow hedges
Beginning balance	$	407		$	(1,776	)	$	3,940		$	(1,761	)
Revaluation		1,286			(2,896	)		(1,620	)		(7,321	)
Tax on revaluation		(155	)		183			194			460
Other comprehensive loss before reclassifications		1,131			(2,713	)		(1,426	)		(6,861	)
Reclassification		(646	)		1,910			(1,755	)		6,316
Tax on reclassification		78			(120	)		211			(393	)
Losses (gains) reclassified from accumulated other comprehensive income (loss)		(568	)		1,790			(1,544	)		5,923
Net current period other comprehensive income (loss)		563			(923	)		(2,970	)		(938	)
Ending balance	$	970		$	(2,699	)	$	970		$	(2,699	)
Foreign currency translation adjustments on intra-entity transactions that are of a long-term investment in nature
Beginning balance	$	(64,298	)	$	(50,695	)	$	(43,335	)	$	(37,960	)
Revaluation		13,555			(9,989	)		(7,408	)		(22,724	)
Ending balance	$	(50,743	)	$	(60,684	)	$	(50,743	)	$	(60,684	)
Unrealized gains (losses) on foreign currency translation
Beginning balance	$	(10,594	)	$	(6,350	)	$	(2,530	)	$	(7,939	)
Revaluation		3,604			1,833			(4,460	)		3,422
Ending balance	$	(6,990	)	$	(4,517	)	$	(6,990	)	$	(4,517	)
Total	$	(57,253	)	$	(83,949	)	$	(57,253	)	$	(83,949	)

The following table summarizes the reclassification out of "Accumulated other comprehensive loss", net of taxes:

Details about Accumulated Other Comprehensive Loss Components	Three Months Ended September 30,						Nine Months Ended September 30,						Affected Line Item in the Statement of Income
	2024			2023			2024			2023
Unrealized gains (losses) on available-for-sale marketable securities
	$	777		$	-		$	2,747		$	(107	)	Financial income (expense), net
		(198	)		-			(699	)		29		Income taxes
	$	579		$	-		$	2,048		$	(78	)	Total, net of income taxes
Unrealized gains (losses) on cash flow hedges, net
		78			(219	)		204			(734	)	Cost of revenues
		369			(1,138	)		1,031			(3,789	)	Research and development
		85			(256	)		231			(791	)	Sales and marketing
		114			(297	)		289			(1,002	)	General and administrative
	$	646		$	(1,910	)	$	1,755		$	(6,316	)	Total, before income taxes
		(78	)		120			(211	)		393		Income taxes
		568			(1,790	)		1,544			(5,923	)	Total, net of income taxes
Total reclassifications for the period	$	1,147		$	(1,790	)	$	3,592		$	(6,001	)

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

	September 30, 2024		December 31, 2023
Cost:
Land	$	10,112	$	12,823
Buildings and plants		122,437		153,813
Computers and peripheral equipment		51,978		57,527
Office furniture and equipment		9,149		10,992
Laboratory and testing equipment		63,921		67,248
Machinery and equipment		194,534		362,363
Leasehold improvements		112,019		96,730
Assets under construction and payments on account		46,656		88,077
Gross property, plant and equipment		610,806		849,573
Less - accumulated depreciation		186,901		234,994
Total property, plant and equipment, net	$	423,905	$	614,579

ACCUMULATED OTHER COMPREHENSIVE LOSS (Schedule of Reclassifications of Other Comprehensive Income Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenues	$ 963,229	$ 582,488	$ 1,470,189	$ 1,900,236
Research and development	70,372	80,082	214,999	246,481
Sales and marketing	37,427	40,351	116,316	125,539
General and administrative	41,212	39,110	111,085	111,876
Total, before income taxes	382,940	159,543	679,671	482,462
Income taxes	121,108	36,065	85,109	99,622
Total, net of income taxes	(1,205,321)	(61,176)	(1,493,450)	196,712
Available-for-sale marketable securities [Member] \| Amount Reclassified from Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Financial income (expense), net	777	0	2,747	(107)
Income taxes	(198)	0	(699)	29
Total, net of income taxes	579	0	2,048	(78)
Cash flow hedges [Member] \| Amount Reclassified from Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenues	78	(219)	204	(734)
Research and development	369	(1,138)	1,031	(3,789)
Sales and marketing	85	(256)	231	(791)
General and administrative	114	(297)	289	(1,002)
Total, before income taxes	646	(1,910)	1,755	(6,316)
Income taxes	(78)	120	(211)	393
Total, net of income taxes	568	(1,790)	1,544	(5,923)
Total reclassifications for the period	$ 1,147	$ (1,790)	$ 3,592	$ (6,001)

INTANGIBLE ASSETS, NET (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of acquired intangible assets

	September 30, 2024			December 31, 2023
Intangible assets with finite lives:
Technology	$	11,132		$	26,990
Customer relationships		1,546			3,193
Trade names		1,322			624
Assembled workforce		3,575			3,575
Patents and licenses		2,000			22,000
Gross intangible assets		19,575			56,382
Less - accumulated amortization		(8,406	)		(21,037	)
Total intangible assets, net	$	11,169		$	35,345

Schedule of future amortization expense

2024	$	1,716
2025		2,576
2026		2,228
2027		2,184
2028		1,023
2029 and thereafter		1,442
	$	11,169

SEGMENT INFORMATION (Narrative) (Details)	9 Months Ended
SEGMENT INFORMATION (Narrative) (Details)	Sep. 30, 2024 Segment
Segment Reporting [Abstract]
Number of operating segment	3

GENERAL

9 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

GENERAL

NOTE 1: GENERAL

SolarEdge Technologies Inc. (the “Company”) and its subsidiaries design, develop, and sell an intelligent inverter solution designed to maximize power generation at the individual photovoltaic (“PV”) module level while lowering the cost of energy produced by the solar PV system and providing comprehensive and advanced safety features. The Company’s products consist mainly of (i) power optimizers designed to maximize energy throughput from each and every module through constant tracking of Maximum Power Point individually per module, (ii) inverters which invert direct current ("DC") from the PV module to alternating current ("AC") including the Company’s future ready Energy Hub inverter which supports, among other things, connection to a DC-coupled battery for full or partial home backup capabilities, and optional connection to the Company's smart EV charger, (iii) a remote cloud-based monitoring platform, that collects and processes information from the power optimizers and inverters to enable customers and system owners, to monitor and manage the solar PV system (iv) batteries for PV applications that are used to increase energy independence and maximize self-consumption for PV system's owners including a battery and (v) additional smart energy management solutions.

The Company and its subsidiaries sell products worldwide through large distributors, electrical equipment wholesalers, as well as directly to large solar installers and engineering, procurement, and construction firms.

The Company has expanded its activity to other areas of smart energy technology organically and through acquisitions. The Company offers a variety of energy solutions, which include lithium-ion cells, batteries, and energy storage systems (“Energy Storage”), automated machines for industrial use (“Automation Machines”), as well as cloud-based energy management solutions.

Basis of Presentation:

Use of estimates:

In accordance with ASC 360-10, the Company records impairment losses on long-lived assets used in operations when events and circumstances indicate that long-lived assets may be impaired and the undiscounted cash flows estimated to be generated by those assets are less than the carrying amounts of those assets. During the third quarter of 2024, the Company's share price continued to deteriorate and a major slowdown in operations occurred, leading the Company to perform an impairment test. For detailed information on impairments related to long-lived assets, refer to Notes 7 and 8.

Concentrations of supply risks:

As of September 30, 2024 none of the Company's contract manufacturers account for more than 10% of the Company’s total trade payables, net.

As of December 31, 2023, two contract manufacturers collectively accounted for 58.5% of the Company’s total trade payables, net.

New accounting standards updates:

OTHER LONG TERM ASSETS (Schedule of Other Long Term Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other Assets, Noncurrent [Abstract]
Loan receivables	$ 50,000	$ 0
Cloud computing arrangements	24,006	13,666
Severance pay fund	9,561	9,241
Investments in privately held companies	22,574	7,650
Prepaid expenses and other	6,060	7,044
Total other long term assets	$ 112,201	$ 37,601

INVENTORIES, NET (Schedule of Inventories, Net) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 204,083	$ 340,604
Work in process	493	20,885
Finished goods	593,807	1,081,960
Total inventories, net	$ 798,383	$ 1,443,449

EARNINGS (LOSS) PER SHARE (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended
	Jul. 31, 2024	Jun. 30, 2024
Earnings Per Share [Abstract]
Proceeds from issuance of note	$ 3,111	$ 25,230

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Schedule of Gains (Losses) on Derivative Instruments Recognized in our Income Statements) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Non Designated Hedging Instruments [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Gains (losses) on derivative instruments	$ 0	$ 5,841	$ 802	$ 5,841
Designated Hedging Instruments [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Gains (losses) on derivative instruments	$ 1,131	$ (2,713)	$ (1,426)	$ (6,861)

INTANGIBLE ASSETS, NET (Schedule of future amortization expense) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 1,716
2025	2,576
2026	2,228
2027	2,184
2028	1,023
2029 and thereafter	1,442
Total intangible assets, net	$ 11,169	$ 35,345

COMMITMENTS AND CONTINGENT LIABILITIES (Narrative) (Details) $ in Thousands	1 Months Ended		9 Months Ended	12 Months Ended
	Aug. 31, 2019 € / shares	Aug. 31, 2019 USD ($)	Sep. 30, 2024 USD ($)	Dec. 31, 2023 € / shares	Dec. 31, 2023 USD ($)
Non-cancelable purchase obligations			$ 443,830
Provision for loss			46,617
Contractual obligations for capital expenditures			18,452
Difference amount of tendered shares for shareholders of SMRE		$ 3,000
Difference amount of euro per share of tendered shares for shareholders of SMRE \| € / shares	€ 6			€ 6
Difference amount of euros per share of tendered shares for shareholders of SMRE \| € / shares	€ 6.7			6.44
Difference amount paid per share of terndered shares for shareholders of SMRE \| € / shares				€ 0.44
Total payment related to lawsuit					$ 1,700
Legal claims for accrual			391
Office rent lease agreements [Member]
Guarantees amount			10,871
Projects with customers [Member]
Guarantees amount			$ 1,502

STOCK CAPITAL (Schedule of RSUs and PSUs Activity) (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at beginning of period \| shares	1,860,286
Granted \| shares	1,731,577
Vested \| shares	(539,819)
Forfeited \| shares	(306,658)
Unvested at end of period \| shares	2,745,386
Weighted average grant date fair value, beginning of period \| $ / shares	$ 182.52
Weighted average grant date fair value, granted \| $ / shares	45.89
Weighted average grant date fair value, vested \| $ / shares	187.51
Weighted average grant date fair value, forfeited \| $ / shares	158.23
Weighted average grant date fair value, end of period \| $ / shares	$ 98.11
Phantom Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at beginning of period \| shares	74,415
Granted \| shares	96,249
Vested \| shares	(12,277)
Forfeited \| shares	(14,196)
Unvested at end of period \| shares	144,191
Weighted average grant date fair value, beginning of period \| $ / shares	$ 302.58
Weighted average grant date fair value, granted \| $ / shares	86.06
Weighted average grant date fair value, vested \| $ / shares	298.92
Weighted average grant date fair value, forfeited \| $ / shares	247.53
Weighted average grant date fair value, end of period \| $ / shares	$ 163.78

CONVERTIBLE SENIOR NOTES (Schedule of Convertible Senior Notes) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Liability Abstract
Net carrying amount	$ 329,614		$ 329,614		$ 627,381
Notes 2025 [Member]
Liability Abstract
Principal	347,500		347,500		632,500
Unamortized issuance costs	(1,600)		(1,600)		(5,119)
Net carrying amount	345,900		345,900		627,381
Debt issuance cost	1,138	$ 733	1,874	$ 2,196
Notes 2029 [Member]
Liability Abstract
Principal	337,000		337,000		0
Unamortized issuance costs	(7,386)		(7,386)		0
Net carrying amount	329,614		329,614		0
Debt issuance cost	393	0	400	0
Contractual interest expense	1,913	$ 0	1,950	$ 0
Convertible Senior Notes [Member]
Liability Abstract
Net carrying amount	$ 675,514		$ 675,514		$ 627,381

COMMITMENTS AND CONTINGENT LIABILITIES

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENT LIABILITIES

NOTE 18: COMMITMENTS AND CONTINGENT LIABILITIES

a.	Guarantees:

As of September 30, 2024, contingent liabilities exist regarding guarantees in the amounts of $10,871, and $1,502 in respect of office rent lease agreements and other transactions, respectively.

b.	Contractual purchase obligations:

The Company has contractual obligations to purchase goods and raw materials. These contractual purchase obligations relate to inventories and other purchase orders, which cannot be canceled without penalty. In addition, the Company acquires raw materials or other goods and services, including product components, by issuing authorizations to its suppliers to purchase materials based on its projected demand and manufacturing needs.

As of September 30, 2024, the Company had non-cancellable purchase obligations totaling approximately $443,830, out of which the Company recorded a provision for loss in the amount of $46,617.

As of September 30, 2024, the Company had contractual obligations for capital expenditures totaling approximately $18,452. These commitments reflect purchases of automated assembly lines and other machinery related to the Company’s general manufacturing process and are primarily for its new manufacturing sites in the U.S.

c.	Legal claims:

From time to time, the Company may be involved in various claims and legal proceedings. The Company reviews the status of each matter and assesses its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and the amount can be reasonably estimated, the Company accrues a liability for the estimated loss. These accruals are reviewed at least quarterly and adjusted to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular matter.

On November 3, 2023, Daphne Shen, a purported stockholder of the Company, filed a proposed class action complaint for violation of federal securities laws, individually and punitively on behalf of all others similarly situated, in the U.S. District Court of the Southern District of New York against the Company, the Company’s CEO and the Company’s CFO. The complaint alleges violations of Section 10(b) and Rule 10b-5 of the Exchange Act, as well as violations of Section 20(a) of the Exchange Act against the individual defendants. The complaint seeks class certification, damages, interest, attorneys’ fees, and other relief. On December 13, 2023, Javier Cascallar filed a similar proposed class action. On February 7, 2024, the Court consolidated the two actions (the "Consolidated Securities Litigation"), and appointed co-lead plaintiffs (the "Plaintiffs") and lead counsel. On April 22, 2024, the co-lead Plaintiffs filed an amended complaint adding two additional officers. The amended complaint makes substantially similar allegations and claims. Defendants moved to dismiss the amended complaint on July 15, 2024 (the “Motion”). The Motion was fully briefed as of September 16, 2024, and the parties are awaiting a decision. Due to the early stage of this proceeding, the Company cannot reasonably estimate the potential range of loss, if any, or the likelihood of a potential adverse outcome. The Company disputes the allegations of wrongdoing and intends to vigorously defend against them.

On March 15, 2024, Abdul Hirani (“Hirani”) filed a purported derivative complaint in the United States District Court for the Southern District of New York against certain current and former Company 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 (collectively, “Defendants”). The Hirani complaint makes largely the same allegations as those in the Consolidated Securities Litigation described above, namely, that the Company failed to disclose information about its inventory in Europe and cancellation rates from European distributors, which allegedly resulted in material misstatements about the Company’s business and prospects in its quarterly filings. On June 10, 2024, Jonathan Blaufarb (“Blaufarb”) filed a second purported derivative complaint in the United States District Court for the Southern District of New York against the same Defendants as those named in the Hirani Complaint. The Blaufarb complaints makes largely the same allegations as well. 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 (the “Consolidated Derivative Actions”) with the Hirani matter designated as the lead case. On September 9, 2024, the parties agreed to stay the Consolidated Derivative Actions pending a decision on the motion to dismiss in the Consolidated Securities Litigation.

On August 7, 2024, Edwin Isaac (“Isaac”) filed a purported derivative complaint in the United States District Court for the District of Delaware against the same Defendants as those named in the Consolidated Securities Litigation. The Isaac complaint makes largely the same allegations as those included in the amended complaint in the Consolidated Securities Litigation and Consolidated Derivative Actions. It also pleads the similar counts to those in the Consolidate 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 parties are conferring on service of process and a possible stay of proceedings pending resolution of the motion to dismiss in the Consolidated Securities Litigation.

In August 2019, the Company was served with a lawsuit filed in the civil courts of Milan, Italy against the Italian subsidiary of SolarEdge e-Mobility S.r.l (previously SMRE S.p.A) that purchased the shares of SolarEdge e-Mobility S.r.l in the tender offer that followed the SolarEdge e-Mobility S.r.l Acquisition by certain former shareholders of SolarEdge e-Mobility S.r.l who tendered their shares. The lawsuit asked for damages of approximately $3,000, representing the difference between the amount for which they tendered their shares (6 Euro per share) and 6.7 Euros per share. In December 2023, the court of Milan, rendered a decision ordering SolarEdge to pay, in favor of each plaintiff, the difference between the price paid (6 Euro per share) and 6.44 Euro per share, (i.e. 0.44 euros per share) for a total payment of approximately $1,700, which consists, in addition to the shareholders' compensation, legal expenses, court fees, VAT, and CPA expenses per local law. The Company filed an appeal to this decision on May 30, 2024 in the Court of Appeals of Milan, First Civil Chamber.

As of September 30, 2024, the Company recorded an accrual of $391 for legal claims which was recorded under accrued expenses and other current liabilities.

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Narrative) (Details) - Foreign exchange forward contracts [Member] ₪ in Millions	Sep. 30, 2024 ILS (₪)
Put option [Member]
Derivative [Line Items]
Forward/option contracts	₪ 148
Call option [Member]
Derivative [Line Items]
Forward/option contracts	₪ 148

WARRANTY OBLIGATIONS (Schedule of Product Warranty Obligations) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Changes in the Company's product warranty liability
Balance, at the beginning of the period	$ 490,832	$ 488,587	$ 518,244	$ 385,057
Accruals for warranty during the period	15,981	65,401	47,320	220,422
Changes in estimates	6,878	300	16,188	10,355
Settlements	(34,787)	(38,476)	(102,848)	(100,022)
Balance, at end of the period	478,904	515,812	478,904	515,812
Less current portion	(163,561)	(174,125)	(163,561)	(174,125)	$ (183,047)
Long term portion	$ 315,343	$ 341,687	$ 315,343	$ 341,687	$ 335,197

FAIR VALUE MEASUREMENTS

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 12: FAIR VALUE MEASUREMENTS

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 valued by alternative pricing sources and models utilizing market observable inputs.

The following table sets forth the Company’s assets that were measured at fair value as of September 30, 2024 and December 31, 2023, by level within the fair value hierarchy:

		Fair value measurements as of
Description	Fair Value Hierarchy	September 30, 2024		December 31, 2023
Assets:
Cash and cash equivalents:
Cash	Level 1	$	289,287	$	309,521
Money market mutual funds	Level 1	$	11,180	$	22,311
Deposits	Level 1	$	3,437	$	6,636
Derivative instruments	Level 2	$	1,102	$	4,887
Short-term marketable securities:
Corporate bonds	Level 2	$	349,249	$	481,820
U.S. Treasury securities	Level 2	$	9,918	$	15,261
U.S. Government agency securities	Level 2	$	13,309	$	8,795
Non-U.S. Government securities	Level 2	$	2,393	$	15,694
Long-term marketable securities:
Corporate bonds	Level 2	$	46,691	$	339,681
U.S. Treasury securities	Level 2	$	-	$	2,408
U.S. Government agency securities	Level 2	$	9,350	$	44,086
Non-U.S. Government securities	Level 2	$	-	$	21,650

In addition to assets and liabilities that are recorded at fair value on a recurring basis, impairment indicators may subject goodwill and long-lived assets to nonrecurring fair value measurements. The implied fair values of the Solar and Energy Storage reporting units were estimated using the discounted cash flow approach (see Notes 8 and 9). The inputs to these models are considered Level 3.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
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INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 30, 2024
Income Taxes [Abstract]
INCOME TAXES	NOTE 22: INCOME TAXES For the three months ended September 30, 2024, the Company reported income taxes at an effective tax rate of (11.2)%, compared to the three months ended September 30, 2023, where the Company reported income taxes at an effective tax rate of (143.6)%. The change in effective tax rate in the three months ended September 30, 2024 compared to the corresponding period in 2023 is mainly due to the impairments and disposals, which significantly increased the quarterly loss before income tax, offset by higher tax expenses resulting from an increase in the valuation allowance during the quarter. For the nine months ended September 30, 2024, the Company reported income taxes at an effective tax rate of (6.0)%, compared to the nine months ended September 30, 2023, where the Company reported income taxes at an effective tax rate of 33.6%. The change in effective tax rate in the nine months ended September 30, 2024 compared to the corresponding period in 2023 is mainly due to the Company transitioning to a loss position in 2024 which has increased significantly as a result of impairments and disposals, in addition to higher tax expenses due to valuation allowance. Deferred tax assets are evaluated for future realization and reduced by a valuation allowance to the extent that the Company believes they will not be realized. The Company considers all available evidence, including historical information, long range forecast of future taxable income and evaluation of tax planning strategies. Amounts recorded for valuation allowance can result from a complex series of judgments about future events and can rely on estimates and assumptions. Based primarily on the negative evidence outweighing the positive evidence, including the Company's three year cumulative, consolidated GAAP loss, historical tax losses and the difficulty in forecasting excess tax benefits related to equity-based compensation, the Company believes there is uncertainty as to when it will be possible to utilize certain net operating losses (each a "NOL"), credit carryforwards and other deferred tax assets. Therefore, the Company recorded a valuation allowance against the deferred tax assets for which it is more-likely-than-not they will not be realized. 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 DTAs. As of September 30, 2024, and December 31, 2023, the Company recorded valuation allowance in the amount of $217,314 and $51,245, respectively. As of September 30, 2024, and December 31, 2023, unrecognized tax benefits were valued at $21,992 and $15,908, respectively. If recognized, such benefits would favorably affect the Company’s effective tax rate. The Company accrues interest and penalties related to unrecognized tax benefits in its provision for income taxes. The total amount of penalties and interest as of September 30, 2024 and December 31, 2023 were $5,543 and $2,927, respectively. In August 2022, the U.S. government enacted the Inflation Reduction Act of 2022 (the “IRA”), which includes several incentives intended to promote clean energy, battery and energy storage, electrical vehicles, and other solar products, and is expected to impact our business and operations. As part of such incentives, the IRA will, among other things, extend the investment tax credit (“ITC”) through 2034 and is therefore expected to increase the demand for solar products. The IRA is expected to further incentivize residential and commercial solar customers and developers due to the inclusion of significant tax credits for qualifying energy projects, and Advanced Manufacturing Production Tax Credits ("AMPTC") for U.S. manufacturing of eligible components (under IRC §45X), including PV inverters and DC-optimized systems. The Company has been manufacturing eligible products in the U.S. since the fourth quarter of 2023. In the three and nine months ended September 30, 2024, the Company manufactured and sold products that entitle it to $13,963 and $44,084 of AMPTCs, respectively, which were recorded as a reduction in of cost of revenues. As of September 30, 2024 and December 31, 2023 benefits from AMPTCs of $68,001 and $6,020, respectively, were recorded as a tax prepayment within prepaid expenses and other current assets. On October 24, 2024, final regulations concerning the application of IRC §45X were published. The regulations contain detailed rules concerning the eligibility, qualifying and accounting for AMPTCs. Of particular relevance to the Company are the rules concerning the qualification and measurement of AMPTCs to Residential Inverters, Commercial Inverters and DC-Optimized Inverter Systems, that are included in the definition of Microinverters.

The entire disclosure for income tax.

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (1,205,321)	$ (61,176)	$ (1,493,450)	$ 196,712
Other comprehensive income (loss), net of tax:
Available-for-sale marketable securities	2,975	2,562	4,470	9,400
Cash flow hedges	563	(923)	(2,970)	(938)
Foreign currency translation adjustments on intra-entity transactions that are of a long-term investment nature	13,555	(9,989)	(7,408)	(22,724)
Foreign currency translation adjustments	3,604	1,833	(4,460)	3,422
Total other comprehensive income (loss)	20,697	(6,517)	(10,368)	(10,840)
Comprehensive income (loss)	$ (1,184,624)	$ (67,693)	$ (1,503,818)	$ 185,872

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.