Good on business our conference concluded thank while $XXX million. results; Erica. from all $XX with million, first of you, highlights our for the quarter non-Solar afternoon end you our was we just top Thank million our and approximately business of above call. revenues with our of the were guidance. revenue Starting joining Solar Revenues from quarter us $XXX
quarter X.X This we power optimizers shipped XXX,XXX and million inverters.
a Korea. one. growth A shipments by completed of includes Italy products consecutive quarter continued we both optimized where We Also new for in phase residential from to of had in Japan, Solar in Australian is saw rooftops particularly volume Australia, new recently our close interesting segments representing grow France. Australia, as Our residential revenues grew in inverter and see we Poland. the the and When market Asia-Pacific, of growth XX% had growth. Israel market. quarter continuing inverter to and quarter due revenues as it certification Korea including commercial products. our of a growth led where the Netherlands in three-phase on Business for and was had XXX commercial and and for sales business delivered record we record well Germany, both countries Europe part QX is and our as momentum a sales. third comes three all to installation opportunities, Italy in which XX% to big France, countries from more region Australia Europe in shipments. U.S. record revenues Brazil, megawatts we other these commercial among outside quarter-over-quarter and of the than of Noteworthy of we to residential this several representing across America, North In revenues this the quarterly demand our is QX, quarter noteworthy we residential geographies, In where commercial increased record
C&I the in market optimistic the there. more local than the And gigawatt growth conditional indeed, about Korea quarter, in strong is already we XX As potential and of X first more in presence, are in a than considering certification our setup. rooftops size installed megawatts
we As business recovery calls, projected recent to regions. this our quarter signs began we meaningful in commercial all in of see across
shipments commercial quarter. last by Our grew of XX% from megawatts products
been from opportunity anticipated pandemic, but in economic and seeing we pipeline. our a downturn And in discussed the during now commercial in slower we back earning has to inventory our commercial had recover the last calls, levels. channel healthier As are pickup is sector the and to distribution installations
expect in the segments levels to of back quarter from pre-pandemic commercial continue the to second grow the revenues We third XXXX. and and
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plan residential track. launch on battery Our remains to our
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battery in and practices batteries as SolarEdge blackout of minutes. and blackout the the with scenarios. extended consumer to behavior systems we third-party backup patterns of backup through self plus XX,XXX analyzed capacity characterized well energy Additionally, installed installed system inverter than XX,XXX prevent to the more than level system blackout X global and more events. goal our of power inverter and Hub base needs performance typical more duration, consumption frequencies, as recent events lasting Energy confirm depletion inverters a of detail In is than We study
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past, for revenues QX plan said this have until battery meaningful don't we of year. we in As the
Given and simplify storage-ready and inverter including economic our improved see support consumption inverters a our progressing referred the are I milestone system mount backup new commissioning. capability in for home flexible with kilowatt for confident of where bigger and ground where inverter In dedicated relevant when a needed. commercial designed DC adoption Commercial vision and our Synergy fields version energy This installations installation, represent well as that economics to maximization that good growing U.S. both high-power is segment, the as the and self-consumption of coupled storage, we XXX to significant a and battery fitted in is our to demand we which value provide of earlier,
customers entire Our grid. even connecting installation up to and now set can AC test the the before
from shortages. our the installers of our our inverter This adoption cycles in combined our adopted we new allows supply suppliers. optimizer to relatively X,XXX in recently operational methodology common manufacturers directly and us times, watt of are manage to to and mount early As offer Cycles experience, I the the on industry shortages on component at monitor contract such closely of continues a identify and by their C&I improve per and demand past our now watt status. with components a components procurement solution means have cycles elaborate larger to increase of released before. of have installation. we cost market experienced for Based high-power our rooftop like and reduce to our ground the would
inventory We availability. high typically also us goods temporary safety fluctuations of and component stock to hold levels finished that overcome allow of
sources have developed critical alternate addition, for In components. we
are quarter. demand come based in our guidance expedited this time the at suppliers, On Israel factory X on and we shipments further may times, cost projections cost delivery at this our result at continuing demand contract to later gross are and ramp. As higher the our as increased a ability the to alignment our current the in support is for a schedules we Though related note, comfortable our for to with in margin reflected increases manufacturers a and seeing and Sella is year. increase in due forthcoming
regions on to with cells Ronen, improved results. our under the of across being review building facility, of as to XXX in to R&D in inverters able financial is units. output been division the Europe. summary, several we batteries of of Israel results the to we operational We of investment of Sella teams have Korea by teams who our In employing business cells to be our factory our the until this way we track groundbreaking in full of reach The this, now manufacturers. hand power already reduce and dependency optimizers a behind pass half XXXX locations. to will capacity manufacturers the ramp this line production with our our powertrain The With reach third-party will other enable E-Ducato manufacturing us is increase establishment work The which delivering our borne our Division on will to In and expected from end happy with thanks and our for and capacity. making supply this process in and the and quarter. own and contract project over Fiat quarter are our in us over Storage Energy our In and own our well joint start copied the fruits are first began is are and the full in the pilot are units it optimizer now e-Mobility assembly and factory lithium-ion batteries and X I workers for lines gradual full process. months first business will production and progress automated non-Solar
