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Solaredge Technologies Inc   (SEDG)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 

SEDG's Revenue Growth by Quarter and Year

Solaredge Technologies Inc 's Revenue results by quarter and year




SEDG Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 316.04 890.70 551.92 358.11
III Quarter September 725.31 836.72 526.40 338.10
II Quarter June 991.29 727.77 480.06 331.85
I Quarter March 943.89 655.08 405.49 431.22
FY   2,976.53 3,110.27 1,963.87 1,459.28



SEDG Revenue fourth quarter 2023 Y/Y Growth Comment
Solaredge Technologies Inc reported drop in Revenue in the fourth quarter 2023 by -64.52% to $ 316.04 millions, from the same quarter in 2022.
The fall in the fourth quarter 2023 Solaredge Technologies Inc 's Revenue compares unfavorably to the Company's average Revenue rise of 35.28%.

Looking into fourth quarter 2023 results within Semiconductors industry 4 other companies have achieved higher Revenue growth. While Solaredge Technologies Inc ' s Revenue meltdown of -64.52% ranks overall at the positon no. 444 in the fourth quarter 2023.




SEDG Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -64.52 % 61.38 % 54.12 % -14.37 %
III Quarter September -13.32 % 58.95 % 55.69 % -17.65 %
II Quarter June 36.21 % 51.6 % 44.66 % 2.1 %
I Quarter March 44.09 % 61.55 % -5.97 % 58.61 %
FY   -4.3 % 58.37 % 34.58 % 2.36 %

Financial Statements
Solaredge Technologies Inc 's fourth quarter 2023 Revenue $ 316.04 millions SEDG's Income Statement
Solaredge Technologies Inc 's fourth quarter 2022 Revenue $ 890.70 millions Quarterly SEDG's Income Statement
New: More SEDG's historic Revenue Growth >>


SEDG Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -56.43 % 6.45 % 4.85 % 5.92 %
III Quarter September -26.83 % 14.97 % 9.65 % 1.88 %
II Quarter June 5.02 % 11.1 % 18.39 % -23.04 %
I Quarter March 5.97 % 18.69 % 13.23 % 3.11 %
FY (Year on Year)   -4.3 % 58.37 % 34.58 % 2.36 %




Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry #5
Technology Sector #80
Overall #444

Revenue Y/Y Growth Statistics
High Average Low
63.11 % 35.28 % -9.56 %
(Sep 30 2018)   (Mar 31 2021)
Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry #5
Technology Sector #80
Overall #444
Revenue Y/Y Growth Statistics
High Average Low
63.11 % 35.28 % -9.56 %
(Sep 30 2018)   (Mar 31 2021)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Solaredge Technologies Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
26.32 % 4.67 % -56.43 %
(Sep 30 2019)  


SEDG's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2023 Solaredge Technologies Inc reported fall in Revenue sequentially by -56.43% to $ 316.04 millions, from $ 725.31 millions released in the previous reporting period.

Albeit seasonal circumstance usually fuel IV. Quarter 2023 results, it plainly has not been enough to salvage Semiconductors's company IV. Quarter performance, Malte Larsson, a business expert pointed out.

Within Semiconductors industry 47 other companies have achieved higher Revenue quarter on quarter growth. While Solaredge Technologies Inc 's Revenue growth quarter on quarter, overall rank is 1582.


Revenue Q/Q Growth Company Ranking
Within: No.
Semiconductors Industry #48
Technology Sector #256
Overall #1582
Revenue Q/Q Growth Company Ranking
Within: No.
Semiconductors Industry #48
Technology Sector #256
Overall #1582
Revenue Q/Q Growth Statistics
High Average Low
26.32 % 4.67 % -56.43 %
(Sep 30 2019)  


SEDG's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2023 Solaredge Technologies Inc disclosed fall in Revenue from the third quarter by -56.43% to $ 316.04 millions, from $ 725.31 millions declared in the previous reporting period.

Albeit periodic circumstance usually elevate IV. Quarter 2023 performance, this plainly was not enough to recover Semiconductors's company IV. Quarter 2023 achievement, Malte Larsson, a business expert wrote.

Within Semiconductors industry 47 other companies have achieved higher Revenue quarter on quarter growth. While Solaredge Technologies Inc 's Revenue growth quarter on quarter, overall rank is 1582.


Solaredge Technologies Inc 's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Revenue 12 Months Ending $ 2,976.53 $ 3,551.19 $ 3,662.60 $ 3,399.09 $ 3,110.28
Y / Y Revenue Growth (TTM) -4.3 % 28.13 % 48.82 % 53.56 % 58.38 %
Year on Year Revenue Growth Overall Ranking # 64 # 364 # 435 # 455 # 429
Seqeuential Revenue Change (TTM) -16.18 % -3.04 % 7.75 % 9.29 % 12.22 %
Seq. Revenue Growth (TTM) Overall Ranking # 444 # 1200 # 1487 # 1524 # 1265




Cumulative Revenue growth Comment
For the 12 months ended Dec 31 2023 Solaredge Technologies Inc reported a decrease in Revenue by -4.3% year on year, to $2,977 millions, compare to the 28.13% growth at Sep 30 2023.

Among companies within the Technology sector 2 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 64, from total ranking in previous quarter at 364.

Revenue TTM Q/Q Growth Statistics
High Average Low
63.11 %
35.28 %
-9.56 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry # 5
Technology Sector # 3
Overall # 64

Revenue TTM Y/Y Growth Statistics
High Average Low
63.11 %
35.28 %
-9.56 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 5
Sector # 80
S&P 500 # 444
Cumulative Revenue growth Comment
For the 12 months ended Dec 31 2023 Solaredge Technologies Inc reported a decrease in Revenue by -4.3% year on year, to $2,977 millions, compare to the 28.13% growth at Sep 30 2023.

Among companies within the Technology sector 2 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 64, from total ranking in previous quarter at 364.

Revenue TTM Q/Q Growth Statistics
High Average Low
63.11 %
35.28 %
-9.56 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry # 5
Technology Sector # 3
Overall # 64

Revenue TTM Y/Y Growth Statistics
High Average Low
63.11 %
35.28 %
-9.56 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 5
Sector # 80
S&P 500 # 444




Other Revenue Growth
Semiconductors Industry Revenue Growth Trends and Statistics
Technology Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
SEDG's Revenue Growth Ratio versus Semiconductors Industry, Technology Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for SEDG's Competitors
Revenue Growth for Solaredge Technologies Inc 's Suppliers
Revenue Growth for SEDG's Customers

You may also want to know
SEDG's Annual Growth Rates SEDG's Profitability Ratios SEDG's Asset Turnover Ratio SEDG's Dividend Growth
SEDG's Roe SEDG's Valuation Ratios SEDG's Financial Strength Ratios SEDG's Dividend Payout Ratio
SEDG's Roa SEDG's Inventory Turnover Ratio SEDG's Growth Rates SEDG's Dividend Comparisons



Companies with similar Revenue decrease for the quarter ending Dec 31 2023 within Technology SectorY/Y Change %Revenue for the quarter ending Dec 31 2023
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Ericsson Lm Telephone Co-3.02%$ -3.018 millions
Cheer Holding Inc -3.03%$ -3.025 millions
Materion Corporation-3.12%$ -3.118 millions
Taskus Inc -3.28%$ -3.285 millions
Lattice Semiconductor Corp-3.44%$ -3.436 millions
Kimball Electronics Inc -3.61%$ -3.613 millions
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