SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Reportable Segments and Operating Income

The following table presents information on reportable segments profit (loss) for the periods presented:

	Three months ended June 30, 2021					Six months ended June 30, 2021
	Solar		All other			Solar		All other
Revenues	$	431,449	$	48,509		$	807,736	$	77,625
Cost of revenues		270,249		46,921			497,082		77,404
Gross profit		161,200		1,588			310,654		221
Research and development		35,592		7,258			67,494		13,523
Sales and marketing		20,889		2,553			39,631		5,050
General and administrative		11,768		3,419			25,040		6,920
Segments profit (loss)	$	92,951	$	(11,642	)	$	178,489	$	(25,272	)

F - 25

SOLAREDGE TECHNOLOGIES, INC.

AND ITS SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

U.S. dollars in thousands (except share and per share data)

NOTE 14:-SEGMENT INFORMATION (Cont.)

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

	Three months ended June 30, 2020					Six months ended June 30, 2020
	Solar		All other			Solar		All other
Revenues	$	310,048	$	22,290		$	717,695	$	45,861
Cost of revenues		205,346		19,238			470,161		40,691
Gross profit		104,702		3,052			247,534		5,170
Research and development		26,374		5,852			53,457		10,060
Sales and marketing		15,020		2,179			33,643		4,322
General and administrative		8,718		2,927			17,874		8,018
Segments profit (loss)	$	54,590	$	(7,906	)	$	142,560	$	(17,230	)

Schedule of Reportable Segments Reconciliation to Consolidated Revenues

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

	Three months ended June 30,					Six months ended June 30,
	2021		2020			2021		2020
Solar segment revenues	$	431,449	$	310,048		$	807,736	$	717,695
All other segment revenues		48,509		22,290			77,625		45,861
Revenues from financing component		99		-			185		-
Intersegment revenues		-		(487	)		-		(487	)
Consolidated revenues	$	480,057	$	331,851		$	885,546	$	763,069

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

	Three months ended June 30,						Six months ended June 30,
	2021			2020			2021			2020
Solar segment profit	$	92,951		$	54,590		$	178,489		$	142,560
All other segment loss		(11,642	)		(7,906	)		(25,272	)		(17,230	)
Segments operating profit		81,309			46,684			153,217			125,330
Amounts not allocated to segments:
Stock based compensation expenses		(24,052	)		(13,961	)		(47,205	)		(26,734	)
Amortization related to business combinations		(2,653	)		(2,651	)		(5,222	)		(5,336	)
Legal settlement		-			-			(1,103	)		4,900
Other unallocated expenses, net		955			-			-			(313	)
Adjustments:
Intersegment profit		-			(107	)		-			(107	)
Consolidated operating income	$	55,559		$	29,965		$	99,687		$	97,740