SolarEdge (SEDG) 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 04, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Entity File Number	001-36894
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Registrant Name	SolarEdge Technologies Inc
Entity Address, Country	IL
Entity Incorporation, State or Country Code	DE
Entity Address, City or Town	Herziliya Pituach
Entity Address, State or Province	DE
Entity Tax Identification Number	20-5338862
Entity Address, Address Line One	1 HaMada Street
Entity Address, Postal Zip Code	4673335
Local Phone Number	(9) 957-6620
Entity Information, Former Legal or Registered Name	N/A
Entity Common Stock, Shares Outstanding		47,971,049
Entity Central Index Key	0001419612
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
City Area Code	972
Document Quarterly Report	true
Document Transition Report	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

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 176,575	$ 187,764
Short-term bank deposit	5,961	9,870
Restricted bank deposits	1,060	824
Marketable securities	109,610	118,680
Trade receivables, net	237,804	173,579
Prepaid expenses and other assets	50,642	45,073
Inventories, net	148,892	141,519
Total current assets	730,544	677,309
LONG-TERM ASSETS:
Marketable securities	79,616	74,256
Operating lease right-of-use assets	36,788
Property, plant and equipment, net	140,200	119,329
Deferred tax assets, net	14,751	14,699
Intangible assets, net and goodwill	211,340	73,378
Other long term assets	8,455	5,501
Total long term assets	491,150	287,163
Total assets	1,221,694	964,472
CURRENT LIABILITIES:
Trade payables, net	116,795	107,079
Employees and payroll accruals	34,555	29,053
Current maturities of bank loans and accrued interest	16,454	16,639
Warranty obligations	38,819	28,868
Deferred revenues	15,708	14,351
Accrued expenses and other liabilities	71,447	29,728
Total current liabilities	293,778	225,718
LONG-TERM LIABILITIES:
Bank loans	5,519	3,510
Warranty obligations	111,819	92,958
Deferred revenues	73,796	60,670
Operating lease liabilities	30,009
Deferred tax liabilities, net	8,663	1,499
Other long term liabilities	18,062	9,391
Total long-term liabilities	247,868	168,028
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS' EQUITY:
Common stock of $0.0001 par value - Authorized: 125,000,000 shares as of June 30, 2019 (unaudited) and December 31, 2018; issued and outstanding: 47,967,425 and 46,052,802 shares as of June 30, 2019 (unaudited) and December 31, 2018, respectively	5	5
Additional paid-in capital	431,684	371,794
Accumulated other comprehensive loss	(895)	(524)
Retained earnings	243,277	191,133
Total SolarEdge Technologies, Inc. stockholders' equity	674,071	562,408
Non-controlling interests	5,977	8,318
Total stockholders' equity	680,048	570,726
Total liabilities and stockholders' equity	$ 1,221,694	$ 964,472

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized shares	125,000,000	125,000,000
Common stock, issued shares	47,967,425	46,052,802
Common stock, outstanding shares	47,967,425	46,052,802

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Revenues	$ 325,010	$ 227,118	$ 596,881	$ 436,989
Cost of revenues	214,340	145,172	400,101	275,446
Gross profit	110,670	81,946	196,780	161,543
Operating expenses:
Research and development	29,505	19,551	55,704	37,426
Sales and marketing	22,127	15,954	42,299	32,159
General and administrative	13,685	5,776	25,376	10,529
Total operating expenses	65,317	41,281	123,379	80,114
Operating income	45,353	40,665	73,401	81,429
Financial expenses (income), net	(773)	2,480	5,378	1,896
Income before taxes on income	46,126	38,185	68,023	79,533
Taxes on income	13,213	3,617	17,135	9,279
Net income	32,913	34,568	50,888	70,254
Net loss attributable to non-controlling interests	215		1,256
Net income attributable to SolarEdge Technologies, Inc.	$ 33,128	$ 34,568	$ 52,144	$ 70,254
Net basic earnings per share of common stock attributable to SolarEdge Technologies, Inc.	$ 0.69	$ 0.76	$ 1.10	$ 1.57
Net diluted earnings per share of common stock attributable to SolarEdge Technologies, Inc.	$ 0.66	$ 0.72	$ 1.05	$ 1.46
Weighted average number of shares used in computing net basic earnings per share of common stock	47,683,799	45,216,253	47,353,401	44,726,382
Weighted average number of shares used in computing net diluted earnings per share of common stock	49,940,034	48,291,280	49,358,280	47,984,817

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 32,913	$ 34,568	$ 50,888	$ 70,254
Available-for-sale securities:
Changes in unrealized gains (losses), net of tax	370	(6)	855	(516)
Reclassification adjustments for losses included in net income	(29)		91
Net change	341	(6)	946	(516)
Foreign currency translation adjustments, net	(16)	3	(1,317)	(11)
Total other comprehensive income (loss)	325	(3)	(371)	(527)
Comprehensive income	33,238	34,565	50,517	69,727
Comprehensive income (loss) attributable to non-controlling interests	545		(304)
Comprehensive income attributable to SolarEdge Technologies, Inc.	$ 32,693	$ 34,565	$ 50,821	$ 69,727

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]		Additional paid in capital [Member]	Accumulated other comprehensive loss [Member]	Retained earnings [Member]	Total	Non-controlling interests [Member]	Stockholders Equity
Balance at Dec. 31, 2017	$ 4		$ 331,902	$ (611)	$ 66,172	$ 397,467		$ 397,467
Balance (in shares) at Dec. 31, 2017	43,812,601
Cumulative effect of adopting new accounting standard					(3,872)	(3,872)		(3,872)
Issuance of Common Stock upon exercise of employee and non-employees stock-based awards		[1]	4,605			4,605		4,605
Issuance of Common Stock upon exercise of employee and non-employee stock options, shares	1,084,507
Equity based compensation expenses to employees and non-employee consultants			6,849			6,849		6,849
Other comprehensive income (loss) adjustments				(524)		(524)		(524)
Net income					35,686	35,686		35,686
Balance at Mar. 31, 2018	$ 4		343,356	(1,135)	97,986	440,211		440,211
Balance (in shares) at Mar. 31, 2018	44,897,108
Balance at Dec. 31, 2017	$ 4		331,902	(611)	66,172	397,467		397,467
Balance (in shares) at Dec. 31, 2017	43,812,601
Change to non-controlling interests
Net income						70,254
Balance at Jun. 30, 2018	$ 5		353,470	(1,138)	132,554	484,891		484,891
Balance (in shares) at Jun. 30, 2018	45,498,414
Balance at Mar. 31, 2018	$ 4		343,356	(1,135)	97,986	440,211		440,211
Balance (in shares) at Mar. 31, 2018	44,897,108
Issuance of Common Stock upon exercise of employee and non-employees stock-based awards		[1]	2,986			2,986		2,986
Issuance of Common Stock upon exercise of employee and non-employee stock options, shares	601,306
Equity based compensation expenses to employees and non-employee consultants			7,128			7,128		7,128
Other comprehensive income (loss) adjustments				(3)		(3)		(3)
Net income					34,568	34,568		34,568
Balance at Jun. 30, 2018	$ 5		353,470	(1,138)	132,554	484,891		484,891
Balance (in shares) at Jun. 30, 2018	45,498,414
Balance at Dec. 31, 2018	$ 5		371,794	(524)	191,133	562,408	$ 8,318	570,726
Balance (in shares) at Dec. 31, 2018	46,052,802
Issuance of Common Stock upon exercise of employee and non-employees stock-based awards		[1]	309			309		309
Issuance of Common Stock upon exercise of employee and non-employee stock options, shares	254,515
Equity based compensation expenses to employees and non-employee consultants			9,704			9,704		9,704
Consideration in common stock related to business combination		[1]	34,601			34,601		34,601
Consideration in common stock related to business combination, shares	1,194,046
Non-controlling interests related to business combination							67,734	67,734
Change to non-controlling interests			977			977	(2,964)	(1,987)
Other comprehensive income (loss) adjustments				(696)		(696)	(849)	(1,545)
Net income					19,016	19,016	(1,041)	17,975
Balance at Mar. 31, 2019	$ 5		417,385	(1,220)	210,149	626,319	71,198	697,517
Balance (in shares) at Mar. 31, 2019	47,501,363
Balance at Dec. 31, 2018	$ 5		371,794	(524)	191,133	562,408	8,318	570,726
Balance (in shares) at Dec. 31, 2018	46,052,802
Change to non-controlling interests						66,474
Net income						52,144
Balance at Jun. 30, 2019	$ 5		431,684	(895)	243,277	674,071	5,977	680,048
Balance (in shares) at Jun. 30, 2019	47,967,425
Balance at Mar. 31, 2019	$ 5		417,385	(1,220)	210,149	626,319	71,198	697,517
Balance (in shares) at Mar. 31, 2019	47,501,363
Issuance of Common Stock upon exercise of employee and non-employees stock-based awards			3,455			3,455		3,455
Issuance of Common Stock upon exercise of employee and non-employee stock options, shares	466,062
Equity based compensation expenses to employees and non-employee consultants			11,372			11,372		11,372
Non-controlling interests related to business combination			(528)			(528)	(65,551)	(66,079)
Other comprehensive income (loss) adjustments				325		325	545	870
Net income					33,128	33,128	(215)	32,913
Balance at Jun. 30, 2019	$ 5		$ 431,684	$ (895)	$ 243,277	$ 674,071	$ 5,977	$ 680,048
Balance (in shares) at Jun. 30, 2019	47,967,425
[1]	Represents an amount lower than $1.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows provided by operating activities:
Net income	$ 50,888	$ 70,254
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment	8,147	4,981
Amortization of intangible assets	4,895	72
Amortization of premium and accretion of discount on available-for-sale marketable securities	(12)	1,014
Stock-based compensation	21,076	13,977
Loss from disposal of assets	552	64
Realized loss from sale of available-for-sale marketable securities	91
Changes in assets and liabilities:
Inventories, net	1,723	(18,952)
Prepaid expenses and other assets	(2,574)	(2,135)
Trade receivables, net	(56,562)	(9,203)
Operating lease right-of-use assets and liabilities, net and effect of exchange rate differences	1,466	(148)
Deferred tax assets and liabilities, net	(1,960)	(3,018)
Trade payables, net	5,493	12,143
Employees and payroll accruals	5,151	1,028
Warranty obligations	28,860	18,479
Deferred revenues	11,764	13,120
Other liabilities	28,236	6,194
Net cash provided by operating activities	107,234	107,870
Cash flows from investing activities:
Business combination, net of cash acquired	(38,435)
Purchase of property, plant and equipment	(22,244)	(21,385)
Withdrawal from bank deposits	3,909	(342)
Investment in restricted bank deposits	(203)	(191)
Investment in available-for-sale marketable securities	(63,655)	(89,389)
Proceeds from sales and maturities of available-for-sale marketable securities	68,407	46,825
Net cash used in investing activities	(52,221)	(64,482)
Cash flows from financing activities:
Repayment of bank loans, net	(4,675)
Proceeds from issuance of shares under stock purchase plan and upon exercise of stock-based awards	3,764	7,591
Change in non-controlling interests	(66,474)
Net cash provided by (used in) financing activities	(67,385)	7,591
Increase in cash and cash equivalents and restricted cash	(12,372)	50,979
Cash, cash equivalents and restricted cash at the beginning of the period	187,764	163,163
Effect of exchange rate differences on cash, cash equivalents and restricted cash	1,183	398
Cash, cash equivalents and restricted cash at the end of the period	176,575	214,540
Supplemental disclosure of non-cash activities:
Operating lease, right of use assets	$ 38,374

GENERAL

GENERAL	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	NOTE 1:- GENERAL a. 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), (iii) a related cloud-based monitoring platform, that collects and processes information from the power optimizers and inverters of a solar PV system to enable customers and system owners as applicable, to monitor and manage the solar PV systems and (iv) a storage solution that is used to increase energy independence and maximize self-consumption for homeowners by utilizing a battery that is sold separately by third party manufacturers, to store and supply power as needed (the “StorEdge solution”). The StorEdge solution is designed to provide smart energy functions such as maximizing self-consumption, Time-of-Use programming for desired hours of the day, and home energy backup solutions. The Company and its subsidiaries sell their products worldwide through large distributors and electrical equipment wholesalers to smaller solar installers, as well as directly to large solar installers and Engineering, Procurement and Construction firms (“EPCs”). In July and October 2018, the Company completed the acquisitions ("Gamatronic Acquisition") of substantially all of the assets and activities of Gamatronic Electronic Industries Ltd. ("Gamatronic IL") and all of the outstanding shares of its wholly owned subsidiary Gamatronic (UK) Limited (“Gamatronic UK”), respectively. Both companies ("UPS Division") are providers and manufacturers of Uninterruptible Power Supplies ("UPS") devices. On October 17, 2018, the Company completed the acquisition of 74.5% of the outstanding common shares and voting rights of Kokam Co., Ltd. (“Kokam”), a Korean company whose shares are traded on the Korean OTC market, a provider of Lithium-ion cells, batteries and energy storage solutions. From October 17, 2018 and through June 30, 2019, the Company increased its shareholdings of Kokam to 94.2%. On January 24, 2019, the Company completed the acquisition of 56.8% of the outstanding common shares and voting rights of S.M.R.E S.p.A (“SMRE”), an Italian company whose shares were traded on the Italian AIM, a provider of innovative integrated powertrain technology and electronics for electric vehicles. Between January 24, 2019 and June 30, 2019, the Company increased its shareholdings of SMRE to 99.4% (see note 2). b. New accounting pronouncements not yet effective: In January 2017, the FASB issued ASU 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment". ASU 2017-04 was issued to simplify how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. The amendments in ASU 2017-04 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. The Company is in the process of evaluating the potential impact of this pronouncement. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 amends the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in a more timely recognition of losses. The Company will adopt Topic 326 effective January 1, 2020 c. Recently issued and adopted pronouncements: In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-02 (Topic 842) "Leases". Topic 842 supersedes the lease requirements in Accounting Standards Codification (ASC) Topic 840, "Leases". Under Topic 842, lessees are required to recognize assets and liabilities on the balance sheet for most leases and provide enhanced disclosures. ASU No. 2016-02 is effective for interim and annual reporting periods beginning after December 15, 2018. In July 2018, the FASB issued amendments in ASU 2018-11, which provide a transition election to not restate comparative periods for the effects of applying the new standard. This transition election permits entities to change the date of initial application to the beginning of the earliest comparative period presented, or retrospectively at the beginning of the period of adoption through a cumulative-effect adjustment. The Company has elected to apply the standard retrospectively at the beginning of the period of adoption through a cumulative-effect adjustment. The Company has also elected certain relief options offered in ASU 2016-02 including certain available transitional practical expedients. The Company adopted Topic 842 effective January 1, 2019. The interim consolidated financial statements for the six months ended June 30, 2019 are presented under the new standard, while the comparative periods are not adjusted and continue to be reported in accordance with the Company’s historical accounting policy (See note 7). d. Basis of Presentation: The accompanying unaudited interim consolidated interim financial statements have been prepared in accordance with Article 10 of Regulation S-X, “Interim Financial Statements” and the rules and regulations for Form 10-Q of the Securities and Exchange Commission (the “SEC”). Pursuant to those rules and regulations, the Company has condensed or omitted certain information and disclosures in footnotes that it normally includes in its annual consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). In management’s opinion, the Company has made all adjustments (consisting only of normal, recurring adjustments, except as otherwise indicated) necessary to fairly present its condensed consolidated financial position, results of operations, and cash flows. The Company’s interim period operating 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, 2018, contained in the Company’s Annual Report on Form 10-K filed with the SEC on February 28, 2019, have been applied consistently in these unaudited interim consolidated financial statements, except for the adoption of ASU No. 2016-02, “Leases (Topic 842) (see Note 1c). The Company depends on two contract manufacturers and several limited or single source component suppliers, and is in the process of opening an additional site with one of those contract manufacturers. 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 June 30, 2019 (unaudited) and December 31, 2018, two and three vendors collectively accounted for 57.2% and 58.8% of the Company’s total trade payables, respectively. The Company has the right to offset its trade payables to one of its contract manufacturers against vendor non-trade receivables. As of June 30, 2019 (unaudited), a total of $944 of these receivables met the criteria for net recognition and were off set against the corresponding trade payable balances for this contract manufacturer in the accompanying condensed consolidated balance sheets. e. Accounting for share-based compensation: Some of the RSUs granted are subject to certain performance criteria’s (“PSUs”): accordingly, compensation expense for PSUs are recognized when it becomes probable that the related performance conditions have been satisfied. f. Certain prior period amounts have been reclassified to conform to the current period presentation.

BUSINESS COMBINATION

BUSINESS COMBINATION	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
BUSINESS COMBINATION	NOTE 2:- BUSINESS COMBINATION S.M.R.E On January 24, 2019, the Company completed the acquisition of 56.8% of the outstanding common shares and voting rights of SMRE, a provider of innovative integrated powertrain technology and electronics for electric vehicles for $73,036, net of cash acquired, out of which $42,240 was paid in cash and $34,601 was paid in shares of SolarEdge common stock (the “SMRE Acquisition”). As part of the SMRE Acquisition, the Company issued 334,096 PSUs that are subject to certain performance goals and a vesting period, in the aggregate amount of $13,444 which will be expensed in the condensed consolidated statements of operation in general and administrative expenses line item (see note 9). As of January 24, 2019 (unaudited), the fair value of the 43.2% non-controlling interests in SMRE was estimated to be $67,733. The fair value of the non-controlling interests was valued based on and at the transaction price. The primary reason for the SMRE Acquisition was to acquire technology and customer relationships and to expand and diversify the Company’s business by entering into the electric vehicles market. The Company determined that the SMRE Acquisition will be accounted for as a business combination in accordance with ASC 805 "Business Combinations". During the period from the SMRE Acquisition through June 30, 2019 (unaudited), the Company purchased additional common shares of SMRE in the open market and through a tender offer in a total amount of $65,945. As of June 30, 2019 (unaudited), the Company holds 99.4% of the outstanding common shares and voting rights of SMRE and such company’s shares are delisted from the Italian Alternative Investment Market (“AIM”). The amounts of revenue and net loss of SMRE included in the Company’s condensed consolidated statements of operations for the three and six months ended June 30, 2019 (unaudited): Three months ended Six months ended June 30, 2019 Unaudited Revenue $ 5,348 $ 8,250 Net loss $ 5,388 $ 7,267 The following table summarizes the preliminary estimated purchase price allocation of the business combination completed during the six months ended June 30, 2019 (unaudited): Components of Purchase Price: Cash $ 42,240 Less cash acquired (3,805 ) Common stock 34,601 Total purchase price $ 73,036 Allocation of Purchase Price: Total net identifiable assets $ 7,947 Total identifiable intangible assets, net and Goodwill (1) 132,822 Non-controlling interest $ (67,733 ) Total purchase price allocation (2) $ 73,036 (1) The intangible assets consist primarily of technology, trade name and customer relationships. (2) The Company expects to complete the preliminary estimated purchase price allocation during the measurement period of one year from January 24, 2019. Fair values that are still under review include, among others, values assigned to identifiable intangible assets, goodwill, deferred income taxes and contingent liabilities. During the three and six months ended June 30, 2019 (unaudited), the Company recognized acquisition-related costs of $151 and $604, respectively. The purchase price allocations for the business combinations completed during the year ended December 31, 2018 are still preliminary as of June 30, 2019 (unaudited). The following table represents the pro-forma (unaudited) condensed consolidated statements of operations as if all acquisitions completed during the year ended December 31, 2018 and the six months ended June 30, 2019 (unaudited), had been included in the condensed consolidated statements of operations of the Company for the three and six months ended June 30, 2019 (unaudited) and 2018 (unaudited): Three months ended Six months ended June 30, 2019 2018 2019 2018 Unaudited Unaudited Revenue $ 325,010 $ 248,541 $ 597,953 $ 480,325 Net income $ 32,913 $ 27,009 $ 49,523 $ 55,663 The pro-forma results have been calculated after applying the Company’s accounting policies and adjusting the results of all acquisitions to reflect the additional depreciation and amortization that would have been charged assuming the fair value adjustments to property, plant and equipment and intangible assets had been applied since the acquisitions date, together with the consequential tax effects. The pro-forma results are based on estimates and assumptions, which the Company believes are reasonable. The pro-forma results are not the results that would have been realized had the acquisitions actually occurred on January 1, 2018 and 2019, and are not necessarily indicative of the Company’s condensed consolidated statements of operations in future periods.

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS AND GOODWILL	NOTE 3:- INTANGIBLE ASSETS AND GOODWILL Acquired intangible assets and goodwill consisted of the following: As of June 30, 2019 As of December 31, 2018 (unaudited) Intangible assets with finite lived: Current technology $ 29,734 $ 30,821 Customer relationships 3,742 3,857 Trade names 3,580 3,721 Patents 1,400 1,400 Gross intangible assets 38,456 39,799 Less - accumulated amortization (3,532 ) (1,295 ) Total intangible assets, net 34,924 38,504 Goodwill: Goodwill from business combinations 34,874 34,445 Foreign currency translation (1,213 ) 429 Goodwill 33,661 34,874 Intangible assets with finite lived, net and goodwill resulted from SMRE Acquisition 142,755 - Total Intangible assets with finite lived, net and goodwill $ 211,340 $ 73,378 Amortization expenses for the three months ended June 30, 2019 (unaudited) and 2018 (unaudited) were $2,924 and $36, respectively. Amortization expenses for the six months ended June 30, 2019 (unaudited) and 2018 (unaudited) were $4,895 and $72, respectively. The reported amount of net acquisition-related intangible assets and goodwill can fluctuate due to the impact of changes in foreign currency exchange rates on intangible assets and goodwill not denominated in U.S. dollars. Acquired finite-lived intangible assets are amortized on a straight-line basis or accelerated method over the estimated useful lives of the assets. The Company will amortize its finite-lived intangible assets over a period of 2-13 years.

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 4:- INVENTORIES June 30, 2019 December 31, 2018 (unaudited) Raw materials $ 63,013 $ 39,380 Work in process 23,001 18,115 Finished goods 62,878 84,024 $ 148,892 $ 141,519

WARRANTY OBLIGATIONS

WARRANTY OBLIGATIONS	6 Months Ended
	Jun. 30, 2019
Product Warranties Disclosures [Abstract]
WARRANTY OBLIGATIONS	NOTE 5:- WARRANTY OBLIGATIONS Changes in the Company’s product warranty obligations for the six months ended June 30, 2019 (unaudited) and 2018 (unaudited) were as follows: Six months ended June 30, 2019 2018 (unaudited) Balance, at beginning of period $ 121,826 $ 78,811 Additions and adjustments to cost of revenues 46,288 27,546 Usage and current warranty expenses (17,476 ) (9,066 ) Balance at end of period 150,638 97,291 Less current portion (38,819 ) (18,964 ) Long term portion $ 111,819 $ 78,327

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 6:- FAIR VALUE MEASUREMENTS In accordance with ASC 820, the Company measures its cash equivalents, foreign currency derivative contracts, and marketable securities, at fair value using the market approach valuation technique. Cash equivalents and marketable securities are classified within Level 1 or Level 2. This is because these assets are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs. Earn-out provision The following table sets forth the Company’s assets that were measured at fair value as of June 30, 2019 (unaudited) and December 31, 2018, by level within the fair value hierarchy: Fair value measurements as of June 30, December 31, Description Fair Value Hierarchy 2019 2018 (unaudited) Measured at fair value on a recurring basis: Assets: Cash equivalents: Money market mutual funds Level 1 $ 739 $ 1,767 Short-term marketable securities: Corporate bonds Level 2 105,266 110,385 Governmental bonds Level 2 4,344 8,295 Long-term marketable securities: Corporate bonds Level 2 79,616 74,256 Liabilities Long-term Earn-out provision Level 3 $ (885 ) $ (332 )

LEASES

LEASES	6 Months Ended
	Jun. 30, 2019
Lessee Disclosure [Abstract]
LEASES	NOTE 7:- LEASES The Company leases offices, plants and vehicles under operating and finance leases. For leases with terms greater than 12 months, the Company records the related asset and liability at the present value of lease payments according to their term. Several of the Company’s leases include renewal options and some have termination options that are factored into the Company’s determination of the lease payments when appropriate. The Company estimates the incremental borrowing rate in order to discount the lease payments based on the information available at the lease commencement date. The following table summarizes the Company’s lease-related assets and liabilities recorded on the condensed consolidated balance sheet: Classification on the condensed consolidated Balance Sheet As of June 30, 2019 (unaudited) Assets Operating lease assets, net of lease incentive obligation Operating lease right-of-use assets $ 36,788 Finance lease assets Property, plant and equipment, net 2,922 Total lease assets $ 39,710 Liabilities Operating and finance leases short term Accrued expenses and other current liabilities $ 10,134 Operating leases long term Operating lease liabilities 30,009 Finance leases long term Other non-current liabilities 2,014 Total lease liabilities $ 42,157 Weighted average remaining lease term in years Operating leases 4.90 Finance leases 8.42 Weighted average annual discount rate Operating leases 1.45 % Finance leases 2.87 % The following table presents certain information related to the lease costs for operating and finance leases: Three months ended Six months ended June 30, 2019 (unaudited) Finance lease cost Amortization of leased assets $ 26 $ 53 Interest on lease liabilities 15 31 Operating lease cost 2,384 4,615 Total lease cost $ 2,425 $ 4,699 The following table presents supplemental cash flow information related to the lease costs for operating and finance leases: Three months ended Six months ended June 30, 2019 (unaudited) Cash paid for amounts included in measurement of lease liabilities Operating cash flows for operating leases $ 2,384 $ 4,615 The following table reconciles the undiscounted cash flows for each of the first five years and total of the remaining years of the operating and finance lease liabilities recorded on the condensed consolidated balance sheets (unaudited): Operating Lease Finance Leases 2019 $ 5,548 $ 106 2020 9,289 211 2021 8,024 211 2022 7,278 196 2023 6,365 196 Thereafter 5,197 1,654 Total lease payments 41,701 2,574 Less: amount of lease payments representing interest (1,694 ) (424 ) Present value of future lease payments 40,007 2,150 Less: current obligations under leases (9,998 ) (136 ) Long-term lease obligations $ 30,009 $ 2,014

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	NOTE 8:- COMMITMENTS AND CONTINGENT LIABILITIES a. Guarantees: As of June 30, 2019 (unaudited), contingent liabilities exist regarding guarantees in the amount of $1,963, $56, $180 and $13,353 in respect of office rent lease agreements, customs transactions, credit card limits and bank loans, respectively. b. Contractual purchase obligations: The Company has contractual obligations to purchase goods and raw materials. These contractual purchase obligations relate to inventories held by contract manufacturers and purchase orders initiated by the contract manufacturers and suppliers, which cannot be canceled without penalty. The Company utilizes third parties to manufacture its products. In addition, it acquires raw materials or other goods and services, including product components, by issuing to suppliers authorizations to purchase based on its projected demand and manufacturing needs. As of June 30, 2019 (unaudited), the Company had non-cancellable purchase obligations totaling approximately $310,897 out of which the Company already recorded a provision for loss in the amount of $2,843. As of June 30, 2019 (unaudited), the Company had contractual obligations for capital expenditures totaling approximately $45,420. These commitments reflect purchases of automated assembly lines and other machinery related to the Company’s manufacturing. 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 May 8, 2019 (unaudited), the Company received notice that Huawei Technologies Co., Ltd., a Chinese entity, has filed three lawsuits in the Guangzhou intellectual property court against the Company's two Chinese subsidiaries and its equipment manufacturer in China. The lawsuits allege infringement of three patents and ask for an injunction of manufacture, use, sale and offer for sale, and damage awards of approximately $4.3 million. The Company believes that it has meritorious defenses to the claims asserted and intends to vigorously defend against these lawsuits.

STOCK CAPITAL

STOCK CAPITAL	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
STOCK CAPITAL	NOTE 9:- STOCK CAPITAL a. Common Stock: Number of shares Authorized Issued and outstanding June 30, 2019 December 31, 2018 June 30, 2019 December 31, 2018 (unaudited) (unaudited) Stock of $0.0001par value: Common stock 125,000,000 125,000,000 47,967,425 46,052,802 b. Stock Incentive plans: The Company’s 2007 Global Incentive Plan (the “2007 Plan”) was adopted by the board of directors on August 30, 2007. On March 31, 2015, once the Company completed its Initial Public Offering (“IPO”), the 2007 Plan was terminated and no further awards will be granted thereunder. All outstanding awards are continuing to be governed by their existing terms and 379,358 available options for future grant were transferred to the Company’s 2015 Global Incentive Plan (the “2015 Plan”) and are reserved for future issuances under the 2015 plan. The 2015 Plan became effective upon the consummation of the IPO. The 2015 Plan provides for the grant of options, RSUs and other share-based awards to directors, employees, officers, and consultants of the Company and its Subsidiaries. As of June 30, 2019 (unaudited), a total of 10,383,357 shares of common stock were reserved for issuance under the 2015 Plan (the “Share Reserve”). The Share Reserve will automatically increase on January 1st of each year during the term of the 2015 Plan commencing on January 1st of the year following the year in which the 2015 Plan becomes effective in an amount equal to five percent (5%) of the total number of shares of capital stock outstanding on December 31st of the preceding calendar year; provided, however, that our board of directors may determine that there will not be a January 1st increase in the Share Reserve in a given year or that the increase will be less than five percent (5%) of the shares of capital stock outstanding on the preceding December 31st. The aggregate maximum number of shares of common stock that may be issued on the exercise of incentive stock options is ten million (10,000,000). As of June 30, 2019 (unaudited), an aggregate of 8,686,589 shares of common stock are still available for future grant under the 2015 Plan. c. Options granted to employees A summary of the activity in the share options granted to employees and directors for the six months ended June 30, 2019 Weighted average Weighted remaining Number average contractual Aggregate of exercise term intrinsic Options price in years Value Outstanding as of December 31, 2018 2,401,893 11.04 6.19 58,323 Granted 267,852 36.15 Exercised (145,246 ) 8.65 Forfeited and expired (10,625 ) 14.51 Outstanding as of June 30, 2019 2,513,874 13.84 6.14 122,227 Vested and expected to vest as of June 30, 2019 2,479,232 13.70 6.11 59,508 Exercisable as of June 30, 2019 1,864,999 9.02 5.34 99,673 The aggregate intrinsic value represents the total intrinsic value (the difference between the fair value of the Company’s common stock as of the last day of each period and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on the last day of each period. The total intrinsic value of options exercised during the six months ended June 30, 2019 (unaudited) was $5,865. The weighted average grant date fair values of options granted to employees and executive directors during the six months ended June 30, 2019 (unaudited) was $19.83. d. A summary of the activity in the RSUs (excluding PSUs) granted to employees and members of the board of directors for the six months ended June 30, 2019 (unaudited) is as follows: Number of RSUs Weighted average fair value Unvested as of December 31, 2018 2,807,232 34.40 Granted 480,022 43.85 Vested (487,906 ) 32.49 Forfeited (145,142 ) 36.27 Unvested as of 2,654,206 36.36 As part of the SMRE Acquisition (unaudited), the Company granted 334,096 PSUs that are subject to certain performance goals and a vesting period. The PSUs grant date fair value is $40.24. During the six months ended June 30, 2019 (unaudited), the Company recognized expenses in the amount of $1,680 related to PSU’S vesting that were expensed in the condensed consolidated statement of operations in general and administrative expenses line item. e. Options and RSUs issued to non-employee consultants: The Company has granted options and RSUs to purchase common shares to non-employee consultants as of June 30, 2019 (unaudited) as follows: Outstanding Exercisable as of as of Issuance June 30, Exercise June 30, Options exercisable Date 2019 price 2019 through 2014 6,023 $3.51 - $5.01 5,245 October 29, 2024 2015 2,127 $0.00 - 2016 5,001 $0.00 - $15.34 - September 21, 2026 2017 13,126 $0.00 - $13.70 - March 15, 2027 2018 19,496 $0.00 - 2019 12,699 $0.00 - 58,472 5,245 The Company had accounted for its options and RSUs granted to non-employee consultants under the fair value method of ASC 505-50 (“Equity-Based Payments to Non-Employees”). In connection with the grant of stock options and RSUs to non‑employee consultants, the Company recorded stock compensation expenses during the six months ended June 30, 2019 (unaudited) and 2018 (unaudited) in the amount of $352 and $835, respectively. f. Employee Stock Purchase Plan (“ESPP”): The Company adopted an Employee Stock Purchase Plan (the “ESPP”) effective upon the consummation of the IPO. As of June 30, 2019 (unaudited), a total of 2,199,808 shares were reserved for issuance under this plan. The number of shares of common stock reserved for issuance under the ESPP will increase automatically on January 1st of each year, for ten years, by the lesser of 1% of the total number of shares of the Company’s common stock outstanding on December 31st of the preceding calendar year or 487,643 shares. However, the Company’s board of directors may reduce the amount of the increase in any particular year at their discretion, including a reduction to zero. The ESPP is implemented through an offering every six months. According to the ESPP, eligible employees may use up to 10% of their salaries to purchase common stock shares up to an aggregate limit of $10 per participant for every six months plan. The price of an ordinary share purchased under the ESPP is equal to 85% of the lower of the fair market value of the ordinary share on the subscription date of each offering period or on the purchase date. As of June 30, 2019 (unaudited), 460,455 common stock shares had been purchased under the ESPP. As of June 30, 2019 (unaudited), 1,739,353 common stock shares were available for future issuance under the ESPP. In accordance with ASC No. 718, the ESPP is compensatory and as such results in recognition of compensation cost. g. Stock-based compensation expense for employees and non-employee consultants: The Company recognized stock-based compensation expenses related to stock options, RSUs and PSUs granted to employees and non-employee consultants and ESPP in the condensed consolidated statement of income for the three and six months ended June 30, 2019 (unaudited) and 2018 (unaudited), as follows: Three months ended Six months ended June 30, 2019 2018 2019 2018 Unaudited Unaudited Cost of revenues $ 1,651 $ 968 $ 3,005 $ 1,892 Research and development 4,176 2,605 7,666 4,987 Selling and marketing 2,722 2,094 5,126 4,298 General and administrative 2,823 1,461 5,279 2,800 Total stock-based compensation expense $ 11,372 $ 7,128 $ 21,076 $ 13,977 As of June 30, 2019 (unaudited), there was a total unrecognized compensation expense of $113,848 related to non‑vested equity‑based compensation arrangements. These expenses are expected to be recognized during the period from July 1, 2019 through May 31, 2023.

BASIC AND DILUTED NET EARNINGS

BASIC AND DILUTED NET EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
BASIC AND DILUTED NET EARNINGS PER SHARE	NOTE 10:- BASIC AND DILUTED NET EARNINGS PER SHARE Basic net earnings per share is computed by dividing the net earnings attributable to SolarEdge Technologies, Inc. by the weighted-average number of shares of common stock outstanding during the period. Diluted net earnings per share is computed by giving effect to all potential shares of common stock, including stock options, to the extent dilutive, all in accordance with ASC No. 260, "Earnings Per Share." 334,096 and 289,796 shares were excluded from the calculation of diluted net earnings per share due to their anti-dilutive effect for the three and six months ended June 30, 2019 (unaudited), respectively. No shares were excluded from the calculation of diluted net earnings per share due to their anti-dilutive effect for the three and six months ended June 30, 2018 (unaudited). The following table presents the computation of basic and diluted net earnings per share attributable to SolarEdge Technologies, Inc. for the periods presented (in thousands, except share and per share data): Three months ended Six months ended June 30, 2019 2018 2019 2018 Unaudited Unaudited Basic EPS: Numerator: Net income $ 32,913 $ 34,568 $ 50,888 $ 70,254 Net loss attributable to Non-controlling interests 215 - 1,256 - Net income attributable to SolarEdge Technologies, Inc. $ 33,128 $ 34,568 $ 52,144 $ 70,254 Denominator: Shares used in computing net earnings per share of common stock, basic 47,683,799 45,216,253 47,353,401 44,726,382 Diluted EPS: Numerator: Net income $ 32,913 $ 34,568 $ 50,888 $ 70,254 Net loss attributable to Non-controlling interests 215 - 1,256 - Undistributed earnings reallocated to non-vested stockholders (220 ) - (304 ) - Net income attributable to SolarEdge Technologies, Inc. $ 32,908 $ 34,568 $ 51,840 $ 70,254 Denominator: Shares used in computing net earnings per share of common stock, basic 47,683,799 45,216,253 47,353,401 44,726,382 Weighted average effect of dilutive securities: Non-vested PSU’S (334,096 ) - (289,796 ) - Effect of stock-based awards 2,590,331 3,075,027 2,294,675 3,258,435 Shares used in computing net earnings per share of common stock, diluted 49,940,034 48,291,280 49,358,280 47,984,817

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2019
Income Taxes
INCOME TAXES	NOTE 11:- INCOME TAXES a. Taxes on income are comprised as follows: Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 (unaudited) (unaudited) Current year taxes $ 13,753 $ 5,322 $ 18,909 $ 12,323 Deferred tax income net, and others (540 ) (1,705 ) (1,774 ) (3,044 ) Taxes on income $ 13,213 $ 3,617 $ 17,135 $ 9,279 b. Deferred income taxes: Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax liabilities and assets are as follows: As of June 30, 2019 As of December 31, 2018 (Unaudited) Deferred tax assets, net: Research and Development carryforward expenses $ 8,657 $ 9,482 Carryforward tax losses 5,670 4,155 Stock based compensation expenses 4,056 3,160 Allowance and other reserves 7,242 5,811 Total deferred tax assets $ 25,625 $ 22,608 Deferred tax liabilities, net: Intangible assets (19,537 ) (9,408 ) Total deferred tax liabilities $ (19,537 ) $ (9,408 ) Recorded as: Deferred tax assets, net $ 14,751 $ 14,699 Deferred tax liabilities, net (8,663 ) (1,499 ) Net deferred tax assets $ 6,088 $ 13,200 c. Uncertain tax positions: As of June 30, 2019 As of December 31, 2018 (Unaudited) Balance at January 1, $ 8,499 $ 579 Increases related to current year tax positions 1,216 8,499 Decreases related to prior year tax positions - (579 ) $ 9,715 $ 8,499

CONCENTRATION OF CREDIT RISK AN

CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS	6 Months Ended
	Jun. 30, 2019
Risks and Uncertainties [Abstract]
CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS	NOTE 12:- CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS a. For the three months period ended June 30, 2019 (unaudited) and 2018 (unaudited), the Company had one major customer that accounted for 16.2% and 16.3% of its condensed consolidated revenues, respectively. For the six month period ended June 30, 2019 (unaudited) and 2018 (unaudited), the Company had one major customer that accounted for 15.3% and 18.2% of its condensed consolidated revenues, respectively. b. As of June 30, 2019 (unaudited) and as of December 31, 2018, two customers accounted for approximately 29.0% and 41.3%, respectively, of the Company’s net trade receivables.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 13:- SEGMENT INFORMATION The Company's chief operating decision maker (“CODM”) is our Chief Executive Officer who makes resource allocation decisions and assesses performance based on financial information presented on a consolidated basis. Accordingly, the Company has determined that it has a single reportable segment - the solar segment. Total segment assets include corporate assets, such as cash and cash equivalents, marketable securities and tax assets. Total segment assets reconciled to consolidated amounts are as follows: As of June 30, As of December 31, 2019 2018 (Unaudited) Solar $ 1,135,483 $ 888,672 Non-Solar 124,260 92,358 Adjustments (38,049 ) (16,558 ) Total assets $ 1,221,694 $ 964,472

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14:- SUBSEQUENT EVENT In August 2019, the Company was served with a lawsuit by certain former shareholders of SMRE, against its Italian subsidiary that purchased the shares of SMRE in the tender offer which followed the SMRE Acquisition. The shareholders who tendered their shares are asking for the difference between the amount for which they tendered their shares (6 Euro per share) and 6.7 Euros per share, for awards of approximately $3 million. The Company believes it has meritorious defenses to the claims asserted and intends to vigorously defend against this lawsuit.

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Schedule of Operation of Acquired Entity	The amounts of revenue and net loss of SMRE included in the Company’s condensed consolidated statements of operations for the three and six months ended June 30, 2019 (unaudited): Three months ended Six months ended June 30, 2019 Unaudited Revenue $ 5,348 $ 8,250 Net loss $ 5,388 $ 7,267
Schedule of Preliminary Estimated Components and Allocations of Combined Purchase Prices	The following table summarizes the preliminary estimated purchase price allocation of the business combination completed during the six months ended June 30, 2019 (unaudited): Components of Purchase Price: Cash $ 42,240 Less cash acquired (3,805 ) Common stock 34,601 Total purchase price $ 73,036 Allocation of Purchase Price: Total net identifiable assets $ 7,947 Total identifiable intangible assets, net and Goodwill (1) 132,822 Non-controlling interest $ (67,733 ) Total purchase price allocation (2) $ 73,036 (1) The intangible assets consist primarily of technology, trade name and customer relationships. (2) The Company expects to complete the preliminary estimated purchase price allocation during the measurement period of one year from January 24, 2019. Fair values that are still under review include, among others, values assigned to identifiable intangible assets, goodwill, deferred income taxes and contingent liabilities.
Schedule of Pro-forma Condensed Consolidated Statements of Operations	The following table represents the pro-forma (unaudited) condensed consolidated statements of operations as if all acquisitions completed during the year ended December 31, 2018 and the six months ended June 30, 2019 (unaudited), had been included in the condensed consolidated statements of operations of the Company for the three and six months ended June 30, 2019 (unaudited) and 2018 (unaudited): Three months ended Six months ended June 30, 2019 2018 2019 2018 Unaudited Unaudited Revenue $ 325,010 $ 248,541 $ 597,953 $ 480,325 Net income $ 32,913 $ 27,009 $ 49,523 $ 55,663

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Acquired Intangible Assets and Goodwill	Acquired intangible assets and goodwill consisted of the following: As of June 30, 2019 As of December 31, 2018 (unaudited) Intangible assets with finite lived: Current technology $ 29,734 $ 30,821 Customer relationships 3,742 3,857 Trade names 3,580 3,721 Patents 1,400 1,400 Gross intangible assets 38,456 39,799 Less - accumulated amortization (3,532 ) (1,295 ) Total intangible assets, net 34,924 38,504 Goodwill: Goodwill from business combinations 34,874 34,445 Foreign currency translation (1,213 ) 429 Goodwill 33,661 34,874 Intangible assets with finite lived, net and goodwill resulted from SMRE Acquisition 142,755 - Total Intangible assets with finite lived, net and goodwill $ 211,340 $ 73,378

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Schedule of Inventories	June 30, 2019 December 31, 2018 (unaudited) Raw materials $ 63,013 $ 39,380 Work in process 23,001 18,115 Finished goods 62,878 84,024 $ 148,892 $ 141,519

WARRANTY OBLIGATIONS (Tables)

WARRANTY OBLIGATIONS (Tables)	6 Months Ended
	Jun. 30, 2019
Product Warranties Disclosures [Abstract]
Schedule of Warranty Obligations	Changes in the Company’s product warranty obligations for the six months ended June 30, 2019 (unaudited) and 2018 (unaudited) were as follows: Six months ended June 30, 2019 2018 (unaudited) Balance, at beginning of period $ 121,826 $ 78,811 Additions and adjustments to cost of revenues 46,288 27,546 Usage and current warranty expenses (17,476 ) (9,066 ) Balance at end of period 150,638 97,291 Less current portion (38,819 ) (18,964 ) Long term portion $ 111,819 $ 78,327

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value	The following table sets forth the Company’s assets that were measured at fair value as of June 30, 2019 (unaudited) and December 31, 2018, by level within the fair value hierarchy: Fair value measurements as of June 30, December 31, Description Fair Value Hierarchy 2019 2018 (unaudited) Measured at fair value on a recurring basis: Assets: Cash equivalents: Money market mutual funds Level 1 $ 739 $ 1,767 Short-term marketable securities: Corporate bonds Level 2 105,266 110,385 Governmental bonds Level 2 4,344 8,295 Long-term marketable securities: Corporate bonds Level 2 79,616 74,256 Liabilities Long-term Earn-out provision Level 3 $ (885 ) $ (332 )

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2019
Lessee Disclosure [Abstract]
Schedule of Lease-related Assets and Liabilities	The following table summarizes the Company’s lease-related assets and liabilities recorded on the condensed consolidated balance sheet: Classification on the condensed consolidated Balance Sheet As of June 30, 2019 (unaudited) Assets Operating lease assets, net of lease incentive obligation Operating lease right-of-use assets $ 36,788 Finance lease assets Property, plant and equipment, net 2,922 Total lease assets $ 39,710 Liabilities Operating and finance leases short term Accrued expenses and other current liabilities $ 10,134 Operating leases long term Operating lease liabilities 30,009 Finance leases long term Other non-current liabilities 2,014 Total lease liabilities $ 42,157 Weighted average remaining lease term in years Operating leases 4.90 Finance leases 8.42 Weighted average annual discount rate Operating leases 1.45 % Finance leases 2.87 %
Schedule of Information Related to Lease Costs for Finance and Operating Leases	The following table presents certain information related to the lease costs for operating and finance leases: Three months ended Six months ended June 30, 2019 (unaudited) Finance lease cost Amortization of leased assets $ 26 $ 53 Interest on lease liabilities 15 31 Operating lease cost 2,384 4,615 Total lease cost $ 2,425 $ 4,699
Schedule of Supplemental Cash Flow Information Related to Leases	The following table presents supplemental cash flow information related to the lease costs for operating and finance leases: Three months ended Six months ended June 30, 2019 (unaudited) Cash paid for amounts included in measurement of lease liabilities Operating cash flows for operating leases $ 2,384 $ 4,615
Schedule of Operating and Finance lease liabilities	The following table reconciles the undiscounted cash flows for each of the first five years and total of the remaining years of the operating and finance lease liabilities recorded on the condensed consolidated balance sheets (unaudited): Operating Lease Finance Leases 2019 $ 5,548 $ 106 2020 9,289 211 2021 8,024 211 2022 7,278 196 2023 6,365 196 Thereafter 5,197 1,654 Total lease payments 41,701 2,574 Less: amount of lease payments representing interest (1,694 ) (424 ) Present value of future lease payments 40,007 2,150 Less: current obligations under leases (9,998 ) (136 ) Long-term lease obligations $ 30,009 $ 2,014

STOCK CAPITAL (Tables)

STOCK CAPITAL (Tables)	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
Schedule of Composition of Common Stock Capital	a. Common Stock: Number of shares Authorized Issued and outstanding June 30, 2019 December 31, 2018 June 30, 2019 December 31, 2018 (unaudited) (unaudited) Stock of $0.0001par value: Common stock 125,000,000 125,000,000 47,967,425 46,052,802
Schedule of Stock Option Activity	A summary of the activity in the share options granted to employees and directors for the six months ended June 30, 2019 Weighted average Weighted remaining Number average contractual Aggregate of exercise term intrinsic Options price in years Value Outstanding as of December 31, 2018 2,401,893 11.04 6.19 58,323 Granted 267,852 36.15 Exercised (145,246 ) 8.65 Forfeited and expired (10,625 ) 14.51 Outstanding as of June 30, 2019 2,513,874 13.84 6.14 122,227 Vested and expected to vest as of June 30, 2019 2,479,232 13.70 6.11 59,508 Exercisable as of June 30, 2019 1,864,999 9.02 5.34 99,673
Schedule of RSU Activity	d. A summary of the activity in the RSUs (excluding PSUs) granted to employees and members of the board of directors for the six months ended June 30, 2019 (unaudited) is as follows: Number of RSUs Weighted average fair value Unvested as of December 31, 2018 2,807,232 34.40 Granted 480,022 43.85 Vested (487,906 ) 32.49 Forfeited (145,142 ) 36.27 Unvested as of 2,654,206 36.36
Schedule of Options and RSUs Granted to Non-Employee Consultants	The Company has granted options and RSUs to purchase common shares to non-employee consultants as of June 30, 2019 (unaudited) as follows: Outstanding Exercisable as of as of Issuance June 30, Exercise June 30, Options exercisable Date 2019 price 2019 through 2014 6,023 $3.51 - $5.01 5,245 October 29, 2024 2015 2,127 $0.00 - 2016 5,001 $0.00 - $15.34 - September 21, 2026 2017 13,126 $0.00 - $13.70 - March 15, 2027 2018 19,496 $0.00 - 2019 12,699 $0.00 - 58,472 5,245
Schedule of Recognized Stock-Based Compensation Expense	The Company recognized stock-based compensation expenses related to stock options, RSUs and PSUs granted to employees and non-employee consultants and ESPP in the condensed consolidated statement of income for the three and six months ended June 30, 2019 (unaudited) and 2018 (unaudited), as follows: Three months ended Six months ended June 30, 2019 2018 2019 2018 Unaudited Unaudited Cost of revenues $ 1,651 $ 968 $ 3,005 $ 1,892 Research and development 4,176 2,605 7,666 4,987 Selling and marketing 2,722 2,094 5,126 4,298 General and administrative 2,823 1,461 5,279 2,800 Total stock-based compensation expense $ 11,372 $ 7,128 $ 21,076 $ 13,977

BASIC AND DILUTED NET EARNING_2

BASIC AND DILUTED NET EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Net Earnings (Loss) Per Share	The following table presents the computation of basic and diluted net earnings per share attributable to SolarEdge Technologies, Inc. for the periods presented (in thousands, except share and per share data): Three months ended Six months ended June 30, 2019 2018 2019 2018 Unaudited Unaudited Basic EPS: Numerator: Net income $ 32,913 $ 34,568 $ 50,888 $ 70,254 Net loss attributable to Non-controlling interests 215 - 1,256 - Net income attributable to SolarEdge Technologies, Inc. $ 33,128 $ 34,568 $ 52,144 $ 70,254 Denominator: Shares used in computing net earnings per share of common stock, basic 47,683,799 45,216,253 47,353,401 44,726,382 Diluted EPS: Numerator: Net income $ 32,913 $ 34,568 $ 50,888 $ 70,254 Net loss attributable to Non-controlling interests 215 - 1,256 - Undistributed earnings reallocated to non-vested stockholders (220 ) - (304 ) - Net income attributable to SolarEdge Technologies, Inc. $ 32,908 $ 34,568 $ 51,840 $ 70,254 Denominator: Shares used in computing net earnings per share of common stock, basic 47,683,799 45,216,253 47,353,401 44,726,382 Weighted average effect of dilutive securities: Non-vested PSU’S (334,096 ) - (289,796 ) - Effect of stock-based awards 2,590,331 3,075,027 2,294,675 3,258,435 Shares used in computing net earnings per share of common stock, diluted 49,940,034 48,291,280 49,358,280 47,984,817

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2019
Income Taxes Tables
Schedule of Taxes on Income	a. Taxes on income are comprised as follows: Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 (unaudited) (unaudited) Current year taxes $ 13,753 $ 5,322 $ 18,909 $ 12,323 Deferred tax income net, and others (540 ) (1,705 ) (1,774 ) (3,044 ) Taxes on income $ 13,213 $ 3,617 $ 17,135 $ 9,279
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred tax liabilities and assets are as follows: As of June 30, 2019 As of December 31, 2018 (Unaudited) Deferred tax assets, net: Research and Development carryforward expenses $ 8,657 $ 9,482 Carryforward tax losses 5,670 4,155 Stock based compensation expenses 4,056 3,160 Allowance and other reserves 7,242 5,811 Total deferred tax assets $ 25,625 $ 22,608 Deferred tax liabilities, net: Intangible assets (19,537 ) (9,408 ) Total deferred tax liabilities $ (19,537 ) $ (9,408 ) Recorded as: Deferred tax assets, net $ 14,751 $ 14,699 Deferred tax liabilities, net (8,663 ) (1,499 ) Net deferred tax assets $ 6,088 $ 13,200
Schedule of Uncertain Tax Positions	c. Uncertain tax positions: As of June 30, 2019 As of December 31, 2018 (Unaudited) Balance at January 1, $ 8,499 $ 579 Increases related to current year tax positions 1,216 8,499 Decreases related to prior year tax positions - (579 ) $ 9,715 $ 8,499

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Assets	Total segment assets include corporate assets, such as cash and cash equivalents, marketable securities and tax assets. Total segment assets reconciled to consolidated amounts are as follows: As of June 30, As of December 31, 2019 2018 (Unaudited) Solar $ 1,135,483 $ 888,672 Non-Solar 124,260 92,358 Adjustments (38,049 ) (16,558 ) Total assets $ 1,221,694 $ 964,472

GENERAL (Narrative) (Details)

GENERAL (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Jan. 24, 2019	Oct. 17, 2018
Organization Consolidation and Presentation of Financial Statements [Line Items]
Accounts receivable pledged to offset accounts payable	$ 944
Accounts Payable [Member]
Organization Consolidation and Presentation of Financial Statements [Line Items]
Concentration risk (as a percent)	57.20%	58.80%
SMRE [Member]
Organization Consolidation and Presentation of Financial Statements [Line Items]
Percentage of acquisition	99.40%		56.80%
Kokam [Member]
Organization Consolidation and Presentation of Financial Statements [Line Items]
Percentage of acquisition	94.20%			74.50%

BUSINESS COMBINATION (Narrative

BUSINESS COMBINATION (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Jan. 24, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Acquisition related costs		$ 151		$ 604
General and administrative expenses		13,685	$ 5,776	25,376	$ 10,529
Non-controlling interests		$ 5,977		5,977		$ 8,318
Additional common shares purchased				38,435
Finite-lived intangible assets				$ 142,755
SMRE [Member]
Percentage of acquisition	56.80%	99.40%		99.40%
Amount of investment	$ 73,036
Cash paid	42,240
Common shares, Value	$ 34,601
Percentage of noncontrolling interest	43.20%
Non-controlling interests	$ 67,733
Additional common shares purchased				$ 65,945
SMRE [Member] | Options [Member]
Number of shares granted	334,096
General and administrative expenses	$ 13,444

BUSINESS COMBINATION (Schedule

BUSINESS COMBINATION (Schedule of Operation of Acquired Entity) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net income (loss)	$ 32,913	$ 34,568	$ 50,888	$ 70,254
SMRE [Member]
Revenues	5,348		8,250
Net income (loss)	$ 5,388		$ 7,267

BUSINESS COMBINATION (Schedul_2

BUSINESS COMBINATION (Schedule of Preliminary Estimated Components and Allocations of Combined Purchase Prices) (Details) - SMRE [Member] $ in Thousands	Jun. 30, 2019USD ($)
Components of Purchase Price:
Cash	$ 42,240
Less cash acquired	(3,805)
Common stock	34,601
Total purchase price	73,036
Allocation of Purchase Price:
Total net identifiable assets	7,947
Total identifiable intangible assets, net and Goodwill	132,822	[1]
Non-controlling interests	(67,733)
Total purchase price allocation	$ 73,036	[2]
[1]	The intangible assets consist primarily of technology, trade name and customer relationships.
[2]	The Company expects to complete the preliminary estimated purchase price allocation during the measurement period of one year from January 24, 2019. Fair values that are still under review include, among others, values assigned to identifiable intangible assets, goodwill, deferred income taxes and contingent liabilities.

BUSINESS COMBINATION (Schedul_3

BUSINESS COMBINATION (Schedule of Pro-forma Condensed Consolidated Statements of Operations) (Details) - SMRE [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Business Acquisition [Line Items]
Revenue	$ 325,010	$ 248,541	$ 597,953	$ 480,325
Net income	$ 32,913	$ 27,009	$ 49,523	$ 55,663

INTANGIBLE ASSETS AND GOODWIL_2

INTANGIBLE ASSETS AND GOODWILL (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization expenses	$ 2,924	$ 36	$ 4,895	$ 72
Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets estimated useful lives of assets			2 years
Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets estimated useful lives of assets			13 years

INTANGIBLE ASSETS AND GOODWIL_3

INTANGIBLE ASSETS AND GOODWILL (Schedule of Acquired Intangible Assets) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Intangible assets with finite lived:
Gross intangible assets	$ 38,456	$ 39,799
Less - accumulated amortization	(3,532)	(1,295)
Total intangible assets, net	34,924	38,504
Goodwill:
Goodwill from business combinations	34,874	34,445
Foreign currency translation	(1,213)	429
Goodwill	33,661	34,874
Intangible assets with finite lived, net and goodwill resulted from SMRE Acquisition	142,755
Total Intangible assets with finite lived, net and goodwill	211,340	73,378
Current technology [Member]
Intangible assets with finite lived:
Gross intangible assets	29,734	30,821
Customer Relationships [Member]
Intangible assets with finite lived:
Gross intangible assets	3,742	3,857
Trade names [Member]
Intangible assets with finite lived:
Gross intangible assets	3,580	3,721
Patent [Member]
Intangible assets with finite lived:
Gross intangible assets	$ 1,400	$ 1,400

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 63,013	$ 39,380
Work in process	23,001	18,115
Finished goods	62,878	84,024
Inventories, net	$ 148,892	$ 141,519

WARRANTY OBLIGATIONS (Details)

WARRANTY OBLIGATIONS (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Changes in the Company's product warranty liability
Balance, at beginning of period	$ 121,826	$ 78,811
Additions and adjustments to cost of revenues	46,288	27,546
Usage and current warranty expenses	(17,476)	(9,066)
Balance, at end of period	150,638	97,291
Less current portion	(38,819)	(18,964)
Long term portion	$ 111,819	$ 78,327

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Level 1 [Member] | Money Market Funds [Member]
Fair value of assets	$ 739	$ 1,767
Level 2 [Member] | Short-term corporate bonds [Member]
Fair value of assets	105,266	110,385
Level 2 [Member] | Short-term governmental bonds [Member]
Fair value of assets	4,344	8,295
Level 2 [Member] | Long-term corporate bonds [Member]
Fair value of assets	79,616	74,256
Level 3 [Member] | Long-term Earn-out provision [Member]
Fair value of liabilities	$ (885)	$ (332)

LEASES (Schedule of Lease-relat

LEASES (Schedule of Lease-related Assets and Liabilities) (Details) $ in Thousands	Jun. 30, 2019USD ($)
Assets
Operating lease assets, net of lease incentive obligation	$ 36,788
Finance lease assets	2,922
Total lease assets	39,710
Liabilities
Operating and finance leases short term	10,134
Operating leases long term	30,009
Finance leases long term	2,014
Total lease liabilities	$ 42,157
Operating leases	4 years 10 months 24 days
Finance leases	8 years 5 months 1 day
Operating leases	1.45%
Finance leases	2.87%

LEASES (Schedule of Information

LEASES (Schedule of Information Related to Lease Costs for Finance and Operating Leases) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Finance lease cost
Amortization of leased assets	$ 26	$ 53
Interest on lease liabilities	15	31
Operating lease cost	2,384	4,615
Total lease cost	$ 2,425	$ 4,699

LEASES (Schedule of Supplementa

LEASES (Schedule of Supplemental Cash Flow Information Related to Leases) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases	$ 2,384	$ 4,615

LEASES (Schedule of Operating a

LEASES (Schedule of Operating and Finance lease liabilities) (Details) $ in Thousands	Jun. 30, 2019USD ($)
Operating leases
2019	$ 5,548
2020	9,289
2021	8,024
2022	7,278
2023	6,365
Thereafter	5,197
Total lease payments	41,701
Less: amount of lease payments representing interest	(1,694)
Present value of future lease payments	40,007
Less: current obligations under leases	(9,998)
Long-term lease obligations	30,009
Finance lease
2019	106
2020	211
2021	211
2022	196
2023	196
Thereafter	1,654
Total lease payments	2,574
Less: amount of lease payments representing interest	(424)
Present value of future lease payments	2,150
Less: current obligations under leases	(136)
Long-term lease obligations	$ 2,014

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Non-cancelable purchase obligations	$ 310,897
Provision for contractual inventory purchase obligations	2,843
Contractual obligations for capital expenditures	45,420
Lawsuit claims	4,300
Office Rent Lease Agreements [Member]
Guarantees amount	1,963
Customs Transactions [Member]
Guarantees amount	56
Credit Card Limits [Member]
Guarantees amount	180
Bank loans [Member]
Guarantees amount	$ 13,353

STOCK CAPITAL (Narrative) (Deta

STOCK CAPITAL (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation			$ 21,076	$ 13,977
Unrecognized compensation expense	$ 113,848		113,848
General and administrative expenses	$ 13,685	$ 5,776	25,376	10,529
Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of options exercised			$ 5,865
Weighted average grant date fair value of options granted			$ 19.83
Stock-based compensation			$ 352	$ 835
Options [Member] | SMRE [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of options granted			$ 40.24
Number of shares granted			334,096
General and administrative expenses			$ 1,680
Maximum [Member] | Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options available for future grant under the plan	10,000,000		10,000,000
2007 Plan, Transferred to 2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options available for future grant under the plan	379,358		379,358
2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options reserved for issuance under the plan	10,383,357		10,383,357
Number of options available for future grant under the plan	8,686,589		8,686,589
2015 Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual increase percentage			5.00%
ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options reserved for issuance under the plan	2,199,808		2,199,808
Number of options available for future grant under the plan	1,739,353		1,739,353
Maximum number of excess shares authorized	487,643		487,643
Number of Common stock purchased			460,455
Maximum percentage of salary	10.00%		10.00%
Maximum amount authorized per person	$ 10		$ 10
Maximum percentage of common stock			85.00%
ESPP [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual increase percentage			1.00%

STOCK CAPITAL (Schedule of Comp

STOCK CAPITAL (Schedule of Composition of Common Stock Capital) (Details) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Common stock capital
Par value	$ 0.0001	$ 0.0001
Authorized	125,000,000	125,000,000
Common stock, issued shares	47,967,425	46,052,802
Common stock, outstanding shares	47,967,425	46,052,802

STOCK CAPITAL (Schedule of Stoc

STOCK CAPITAL (Schedule of Stock Option Activity) (Details) - Option [Member] - Employees and Members of Board of Directors [Member] $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares
Number of Options
Outstanding as of December 31, 2018 | shares	2,401,893
Granted | shares	267,852
Exercised | shares	(145,246)
Forfeited and expired | shares	(10,625)
Outstanding as of June 30, 2019 | shares	2,513,874
Vested and expected to vest as of June 30, 2019 | shares	2,479,232
Exercisable as of June 30, 2019 | shares	1,864,999
Weighted average exercise price
Outstanding as of December 31, 2018 | $ / shares	$ 11.04
Granted | $ / shares	36.15
Exercised | $ / shares	8.65
Forfeited and expired | $ / shares	14.51
Outstanding as of June 30, 2019 | $ / shares	13.84
Vested and expected to vest as of June 30, 2019 | $ / shares	13.70
Exercisable as of June 30, 2019 | $ / shares	$ 9.02
Weighted average remaining contractual term in years
Outstanding as of December 31, 2018	6 years 2 months 8 days
Ountstanding as of June 30, 2019	6 years 1 month 20 days
Vested and expected to vest as of June 30, 2019	6 years 1 month 9 days
Exercisable as of June 30, 2019	5 years 4 months 2 days
Aggregate intrinsic Value
Outstanding as of December 31, 2018 | $	$ 58,323
Outstanding as of June 30, 2019 | $	122,227
Vested and expected to vest as of June 30, 2019 | $	59,508
Exercisable as of June 30, 2019 | $	$ 99,673

STOCK CAPITAL (Schedule of RSU

STOCK CAPITAL (Schedule of RSU Activity) (Details) - Restricted Stock Units (RSUs) [Member] - Employees and Members of Board of Directors [Member]	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Number of RSUs
Unvested as of December 31, 2018 | shares	2,807,232
Granted | shares	480,022
Vested | shares	(487,906)
Forfeited | shares	(145,142)
Unvested as of June 30, 2019 (unaudited) | shares	2,654,206
Weighted average grant date fair value
Unvested as of December 31, 2018 | $ / shares	$ 34.40
Granted | $ / shares	43.85
Vested | $ / shares	32.49
Forfeited | $ / shares	36.27
Unvested as of June 30, 2019 (unaudited) | $ / shares	$ 36.36

STOCK CAPITAL (Schedule of Opti

STOCK CAPITAL (Schedule of Options and RSUs Granted to Non-Employee Consultants) (Details) - Options And RSUs [Member] - Nonemployee Consultants [Member]	Jun. 30, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at the end of the period	58,472
Exercisable at the end of the period	5,245
2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at the end of the period	6,023
Exercisable at the end of the period	5,245
2014 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price | $ / shares	$ 3.51
2014 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price | $ / shares	$ 5.01
2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at the end of the period	2,127
Exercise price | $ / shares	$ 0
Exercisable at the end of the period
2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at the end of the period	5,001
Exercisable at the end of the period
2016 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price | $ / shares	$ 0
2016 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price | $ / shares	$ 15.34
2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at the end of the period	13,126
Exercisable at the end of the period
2017 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price | $ / shares	$ 0
2017 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price | $ / shares	$ 13.70
2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at the end of the period	19,496
Exercise price | $ / shares	$ 0
Exercisable at the end of the period
2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at the end of the period	12,699
Exercise price | $ / shares	$ 0
Exercisable at the end of the period

STOCK CAPITAL (Schedule of Reco

STOCK CAPITAL (Schedule of Recognized Stock-Based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 11,372	$ 7,128	$ 21,076	$ 13,977
Cost of revenues [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	1,651	968	3,005	1,892
Research and development [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	4,176	2,605	7,666	4,987
Selling and marketing [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	2,722	2,094	5,126	4,298
General and administrative [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 2,823	$ 1,461	$ 5,279	$ 2,800

BASIC AND DILUTED NET EARNING_3

BASIC AND DILUTED NET EARNINGS PER SHARE (Schedule of Computation of Basic and Diluted Net Earnings (Loss) Per Share) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Numerator:
Net income	$ 32,913		$ 34,568		$ 50,888	$ 70,254
Net loss attributable to Non-controlling interests	215				1,256
Net income attributable to SolarEdge Technologies, Inc.	$ 33,128	$ 19,016	$ 34,568	$ 35,686	$ 52,144	$ 70,254
Denominator:
Shares used in computing net earnings per share of common stock, basic	47,683,799		45,216,253		47,353,401	44,726,382
Numerator:
Net income	$ 32,913		$ 34,568		$ 50,888	$ 70,254
Net loss attributable to Non-controlling interests	215				1,256
Undistributed earnings reallocated to non-vested stockholders	(220)				(304)
Net income attributable to SolarEdge Technologies, Inc.	$ 32,908		$ 34,568		$ 51,840	$ 70,254
Denominator:
Shares used in computing net earnings per share of common stock, basic	47,683,799		45,216,253		47,353,401	44,726,382
Weighted average effect of dilutive securities:
Non-vested PSU'S	(334,096)				(289,796)
Effect of stock-based awards	2,590,331		3,075,027		2,294,675	3,258,435
Shares used in computing net earnings per share of common stock, diluted	49,940,034		48,291,280		49,358,280	47,984,817

INCOME TAXES (Schedule of Taxes

INCOME TAXES (Schedule of Taxes on Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Taxes Schedule Of Taxes On Income Details
Current year taxes	$ 13,753	$ 5,322	$ 18,909	$ 12,323
Deferred tax income net, and others	(540)	(1,705)	(1,774)	(3,044)
Taxes on income	$ 13,213	$ 3,617	$ 17,135	$ 9,279

INCOME TAXES (Schedule of Defer

INCOME TAXES (Schedule of Deferred Tax Liabilities And Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Deferred tax assets, net:
Research and Development carryforward expenses	$ 8,657	$ 9,482
Carryforward tax losses	5,670	4,155
Stock based compensation expenses	4,056	3,160
Allowance and other reserves	7,242	5,811
Total deferred tax assets	25,625	22,608
Deferred tax liabilities, net:
Intangible assets	(19,537)	(9,408)
Total deferred tax liabilities	(19,537)	(9,408)
Recorded as:
Deferred tax assets, net	14,751	14,699
Deferred tax liabilities, net	(8,663)	(1,499)
Net deferred tax assets	$ 6,088	$ 13,200

INCOME TAXES (Schedule of Uncer

INCOME TAXES (Schedule of Uncertain Tax Positions) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Balance at January 1,	$ 8,499	$ 579
Increases related to current year tax positions	1,216	8,499
Decreases related to prior year tax positions		(579)
Closing balance	$ 9,715	$ 8,499

CONCENTRATION OF CREDIT RISK _2

CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Revenues [Member] | One Major Customers [Member]
Concentration Risk [Line Items]
Concentration risk percentage	16.20%	16.30%	15.30%	18.20%
Accounts Receivable [Member] | Two Major Customers [Member]
Concentration Risk [Line Items]
Concentration risk percentage			29.00%		41.30%

SEGMENT INFORMATION (Schedule o

SEGMENT INFORMATION (Schedule of Segment Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Total assets	$ 1,221,694	$ 964,472
Solar [Member]
Total assets	1,135,483	888,672
Non-solar [Member]
Total assets	124,260	92,358
Adjustments [Member]
Total assets	$ (38,049)	$ (16,558)

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) - 1 months ended Aug. 31, 2019 - Subsequent Event [Member] - SMRE [Member] $ in Millions	€ / shares	USD ($)
Subsequent Event [Line Items]
Difference amount of tendered shares for shareholders of SMRE | $		$ 3
Minimum [Member]
Subsequent Event [Line Items]
Difference amount per share of tendered shares for shareholders of SMRE	€ 6
Maximum [Member]
Subsequent Event [Line Items]
Difference amount per share of tendered shares for shareholders of SMRE	€ 6.7