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Page 5 of 5
we are taking aggressive and prudent actions in the U.S. to manage down the channel inventory, and this is reflected in our light third quarter guidance
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2023 Q2
31 Jul 23
we are assuming the same level of uncertainty continues going forward
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2023 Q2
31 Jul 23
Our sell-in to the channel was only 10% down in the first half of 2023 relative to the fourth quarter. We were expecting a seasonally up Q2 '23 but that didn't materialize. This has increased the inventory in the channel.
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2023 Q2
31 Jul 23
By light, I mean, we consider channel to be normal between eight and 10 weeks of inventory and light means less than eight weeks.
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2023 Q1
2 May 23
the channel is light
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2023 Q1
2 May 23
the sell-through of our microinverters in Europe reached an all-time high in Q1
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2023 Q1
2 May 23
In Europe, our revenue increased 25% sequentially and more than tripled year-on-year.
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2023 Q1
2 May 23
The sell-through of our microinverters in Q1 decreased 21% sequentially compared to Q4, worse than the typical seasonality of 15%.
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2023 Q1
30 Apr 23