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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenues $ 338,095 $ 410,556 $ 1,101,164 $ 1,007,437
Cost of revenues 230,032 271,247 750,130 671,348
Gross profit 108,063 139,309 351,034 336,089
Operating expenses:        
Research and development 40,817 30,747 115,610 86,451
Sales and marketing 21,924 22,026 67,113 64,325
General and administrative 14,928 12,214 45,077 37,590
Other operating expenses (income) 8,305 (4,900) 8,305
Total operating expenses 77,669 73,292 222,900 196,671
Operating income 30,394 66,017 128,134 139,418
Financial expenses (income), net (15,765) 17,023 (10,725) 22,401
Income before income taxes 46,159 48,994 138,859 117,017
Income taxes 2,408 7,270 16,192 24,405
Net income 43,751 41,724 122,667 92,612
Net loss (income) attributable to Non-controlling interests (97) 1,159
Net income attributable to SolarEdge Technologies, Inc. $ 43,751 $ 41,627 $ 122,667 $ 93,771
Net basic earnings per share of common stock attributable to SolarEdge Technologies, Inc. $ 0.87 $ 0.86 $ 2.46 $ 1.97
Net diluted earnings per share of common stock attributable to SolarEdge Technologies, Inc. $ 0.83 $ 0.81 $ 2.33 $ 1.87
Weighted average number of shares used in computing net basic earnings per share of common stock 50,529,691 48,195,020 49,842,399 47,637,023
Weighted average number of shares used in computing net diluted earnings per share of common stock 53,144,188 51,081,594 52,623,675 49,935,638