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Form 8-K

sec.gov

8-K — SOLAREDGE TECHNOLOGIES, INC.

Accession: 0001178913-26-003833

Filed: 2026-08-05

Period: 2026-08-05

CIK: 0001419612

SIC: 3674 (SEMICONDUCTORS & RELATED DEVICES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — a2635832.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (exhibit_99-1.htm)

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Form 8-K - SolarEdge Technologies, Inc.

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2026-08-05

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported):

August 5, 2026

SOLAREDGE TECHNOLOGIES,

INC.

(Exact name of registrant as specified in its

charter)

Delaware

001-36894

20-5338862

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

1 HaMada Street, Herziliya Pituach, Israel

4673335

(Address of Principal executive offices)

(Zip Code)

Registrant’s Telephone number, including

area code: 972 (9) 957-6620

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.0001 per share

SEDG

NASDAQ (Global Select Market)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2

below):

¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange

Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant

has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant

to Section 13(a) of the Exchange Act. ¨

Item 2.02. Results of Operations and Financial Condition.

On August 5, 2026, SolarEdge Technologies, Inc.

(the “Company”) issued a press release announcing its financial results for the second quarter of 2026, ended June 30, 2026.

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

In accordance with General Instruction B.2

of Form 8-K, this information, including the exhibits hereto, shall not be deemed “filed” for the purposes of Section

18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor

shall such information, including the exhibits hereto be deemed incorporated by reference in any filing under the Securities Act

of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits

Exhibit No.

Description

Exhibit 99.1

Press release August 5, 2026

Exhibit 104

Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities

Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SOLAREDGE TECHNOLOGIES, INC.

Date: August 5, 2026

By:

/s/Maoz Sigron

Name:

Maoz Sigron

Title:

Chief Financial Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: exhibit_99-1.htm · Sequence: 2

Exhibit 99.1

SolarEdge Announces

Second Quarter 2026 Financial Results

Revenue of $346.2 million, representing 20% growth year-over-year

Sixth consecutive quarter of gross margin

expansion  year-over-year

MILPITAS, Calif. — August 5, 2026 — SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology,

today announced its financial results for the second quarter ended June 30, 2026.

“Our second-quarter results mark an important milestone in SolarEdge’s

turnaround,” said Shuki Nir, CEO of SolarEdge. “Revenue grew 20% year over year, GAAP operating loss narrowed significantly,

and we returned to non-GAAP operating profitability for the first time since the second quarter of 2023, while continuing to generate

positive free cash flow. Strong demand in Europe combined with strength in U.S. C&I, more than offset industry-wide softness in U.S.

residential, driving overall year-over-year growth. We are focused on building on this momentum by scaling the Nexis platform in our core

markets and continuing to advance the SolarEdge SST to address the significant opportunity in AI factories.”

Second Quarter 2026 Financial Highlights

(In millions, except percentages)

GAAP

Non-GAAP

Q2 2026

Q1 2026

Q2 2025

Q2 2026

Q1 2026

Q2 2025

Revenue

$346.2

$310.5

$289.4

$345.5

$309.9

$281.0

Gross margin

27.5%

22.0%

11.1%

28.6%

23.5%

13.1%

Operating expenses

$111.2

$123.3

$147.6

$88.5

$97.7

$85.2

Operating income (loss)

$(16.0)

$(55.0)

$(115.5)

$10.2

$(24.8)

$(48.3)

Net income (loss)

$(30.8)

$(57.4)

$(124.7)

$3.6

$(26.3)

$(47.7)

EPS (diluted)

$(0.50)

$(0.95)

$(2.13)

$0.05

$(0.43)

$(0.81)

• GAAP revenues were $346.2 million, up 11.5% from the prior quarter and up 19.6% from the second quarter of 2025.

• Non-GAAP revenues were $345.5 million, up 11.5% from the prior quarter and up 23.0% from the second quarter of 2025.

• GAAP gross margin was 27.5%, compared to 22.0% in the prior quarter and 11.1% in the second quarter of 2025. Results include a benefit

of $13.3 million related to IEEPA tariff matters.

• Non-GAAP gross margin was 28.6%, compared to 23.5% in the prior quarter and 13.1% in the second quarter of 2025. Results include a

benefit of $13.3 million related to IEEPA tariff matters.

GAAP operating expenses were $111.2 million, compared to $123.3 million in the prior quarter and $147.6 million in the second quarter of 2025.

• Non-GAAP operating expenses were $88.5 million, compared to $97.7 million in the prior quarter and $85.2 million in the second quarter

of 2025.

• GAAP operating loss was $16.0 million, compared to $55.0 million in the prior quarter and $115.5 million in the second quarter of

2025.

• Non-GAAP operating income was $10.2 million, compared to a non-GAAP operating loss of $24.8 million in the prior quarter and a non-GAAP

operating loss of $48.3 million in the second quarter of 2025.

• GAAP net loss was $30.8 million, compared to $57.4 million in the prior quarter and $124.7 million in the second quarter of 2025.

• Non-GAAP net income was $3.6 million, compared to a non-GAAP net loss of $26.3 million in the prior quarter and a non-GAAP net loss

of $47.7 million in the second quarter of 2025.

• Free cash flow was $3.1 million, compared to $20.7 million in the prior quarter and negative  $9.1 million in the second quarter

of 2025.

• As of June 30, 2026, our cash and investments portfolio, net of debt, grew by $20.4 million to $264.6 million, compared to $244.2

million as of December 31, 2025.

Outlook for the Third Quarter of 2026

The Company provides the following guidance for the third quarter ending

September 30, 2026. This guidance does not include any significant pull-forward of revenue and excludes potential IEEPA  refunds

in the third quarter.  When including the $11.5 million of IEEPA refunds we received in July, the midpoint of our guidance implies

a non-GAAP operating profit in the third quarter.

Guidance Metric

Q3 2026 Guidance

Revenue

$310 million – $340 million

Non-GAAP gross margin

22% – 26%

Non-GAAP operating expenses

$86 million – $91 million

*Non-GAAP gross margin and Non-GAAP operating expenses are non-GAAP

financial measures, and these forward-looking measures have not been reconciled to the most comparable GAAP outlook because it is not

possible to do so without unreasonable efforts due to the uncertainty and potential variability of reconciling items, which are dependent

on future events and often outside of management’s control and which could be significant. Because such items cannot be reasonably

predicted with the level of precision required, we are unable to provide outlook for the comparable GAAP measures. Forward-looking estimates

of Non-GAAP gross margin and Non-GAAP operating expenses are made in a manner consistent with the relevant definitions and assumptions

noted herein and in our filings with the SEC.

Conference Call

The Company will host a conference call to discuss its results for

the second quarter ended June 30, 2026 at 8:00 a.m. ET on Wednesday, August 5, 2026. The live call can be accessed by dialing +800-347-6865.

For international callers, please dial +203-518-9757. The Conference ID is SEDG.

To avoid a delay in connecting to the call, please dial-in 10 minutes

prior to the start time.

A live webcast will also be available in the Investors Relations section

of the Company's website at: http://investors.solaredge.com. A replay of the webcast will be available in the Investor Relations section

of the Company's web site approximately two hours after the conclusion of the call and will remain available for approximately 30 calendar

days.

About SolarEdge

SolarEdge Technologies is a global leader in renewable energy technology

that applies world-class engineering and innovation to provide solar PV solutions for the residential and commercial segments. SolarEdge

brings an optimized approach to generating, storing, managing and consuming energy. The company develops and produces PV inverters, Power

Optimizers, energy management and optimization solutions, energy storage and grid services. SolarEdge's DC-optimized technology is installed

in millions of sites in over 145 countries, and more than 60% of Fortune 100 companies have SolarEdge technology on their rooftops. SolarEdge

is accelerating the transition towards distributed, sustainable energy networks which will optimize energy everywhere. SolarEdge is online

at www.solaredge.com.

Use of Non-GAAP Financial Measures

To provide investors and others with additional information regarding

SolarEdge’s results, SolarEdge has disclosed in this earnings release the following non-GAAP financial measures: non-GAAP revenue,

non-GAAP operating income (loss), non-GAAP operating expenses, non-GAAP gross margin, non-GAAP net income (loss), non-GAAP net earnings

(loss) per share, and non-GAAP net free cash flow. SolarEdge has provided a reconciliation of each non-GAAP financial measure used in

this earnings release to the most directly comparable GAAP financial measure below. These non-GAAP financial measures differ from GAAP

in that they exclude stock-based compensation, amortization and impairment of acquired intangible assets, restructuring and impairment

charges, acquisition, disposition and other items, certain litigation and other contingencies, amortization of debt issuance cost, non-cash

interest expense and non-cash revenue recognized from significant financing component, certain foreign currency exchange rates, gains

and losses on investments, income and losses from equity method investments and discrete items that impacted our GAAP tax rate. Our non-GAAP

financial measures also reflect the application of our non-GAAP tax rate.

SolarEdge’s management uses these non-GAAP financial measures

to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short- and

long-term operating plans, to calculate bonus payments and to evaluate SolarEdge’s financial performance, the performance of its

individual functional groups and the ability of operations to generate cash. Management believes these non-GAAP financial measures reflect

SolarEdge’s ongoing business in a manner that allows for meaningful period-to-period comparisons and analysis of trends in SolarEdge’s

business, as they exclude charges and gains that are not reflective of ongoing operating results. Management also believes that these

non-GAAP financial measures provide useful information to investors and others in understanding and evaluating SolarEdge’s operating

results and future prospects from the same perspective as management and in comparing financial results across accounting periods.

The use of non-GAAP financial measures has certain limitations because

they do not reflect all items of income and expense that affect SolarEdge’s operations. These non-GAAP financial measures should

be considered in addition to, not as a substitute for or in isolation from, measures prepared in accordance with GAAP and should not be

considered measures of SolarEdge’s liquidity. Further, these non-GAAP measures may differ from the non-GAAP information used by

other companies, including peer companies, and therefore comparability may be limited. Management encourages investors and others to review

SolarEdge’s financial information in its entirety and not rely on a single financial measure.

Safe Harbor Statement under the Private Securities Litigation Reform

Act of 1995

Statements contained in this press release may contain forward-looking

statements that are based on our management’s expectations, estimates, projections, beliefs and assumptions in accordance with information

currently available to our management. This press release contains certain forward-looking statements within the meaning of Section 27A

of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements

include information, among other things, concerning our possible or assumed future results of operations, return to positive free cash

flow generation, future demands for solar energy solutions, business strategies, technology developments, new products and services, financing

and investment plans; dividend policy; competitive position, industry and regulatory environment, general economic conditions; potential

growth opportunities; cancellations and pushouts of existing backlog; installation rates; goodwill impairment; the effects of competition;

tariff impacts and the impacts of the One Big Beautiful Bill Act. Forward-looking statements include statements that are not historical

facts and can be identified by terms such as “anticipate,” “believe,” “could,” “seek,”

“estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,”

“project,” “should,” “will,” “would” or similar expressions and the negatives of those

terms.

Forward-looking statements inherently involve known and unknown risks,

uncertainties and other factors that may cause our actual results, performance, or achievements to be materially different from any future

results, performance or achievements expressed or implied by the forward-looking statements. Given these uncertainties, you should not

place undue reliance on forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions

only as of the date of this release. Important factors that could cause actual results to differ materially from our expectations include,

but are not limited to: our ability to be profitable in the future; the rapidly evolving and competitive nature of the solar industry;

changes in tax laws, tax treaties, and regulations or the interpretation of them, including the Inflation Reduction Act and the H.R.1;

future demand for renewable energy including solar energy solutions; our ability to maintain a return to free cash flow positive generation;

macroeconomic conditions in our domestic and international markets, as well as inflation concerns, rising interest rates and recessionary

concerns; changes in the U.S. and global trade environments, including the imposition and/or increase of import tariffs or other restrictive

trade measures; the retail price of electricity derived from the utility grid or alternative energy sources; our ability to forecast demand

for our products accurately and to match production to such demand as well as our customers’ ability to forecast demand based on

inventory levels; interest rates and supply of capital in the global financial markets in general and in the PV market specifically; competition,

including introductions of power optimizer, inverter, EV chargers, batteries and PV system monitoring products by our competitors; the

retail price of electricity derived from the utility grid or alternative energy sources; developments in alternative technologies or improvements

in distributed solar energy generation; historic cyclicality of the solar industry and periodic downturns; product quality or performance

problems in our products; changes in our geographic footprint or product and service offerings; our dependence upon a small number of

outside contract manufacturers and limited or single source suppliers; delays, disruptions, and quality control problems in manufacturing;

shortages, delays, price changes, or cessation of operations or production affecting our suppliers of key components; capacity constraints,

delivery schedules, manufacturing yields, and costs of our contract manufacturers and availability of components; changing political,

geopolitical conditions, and the conditions of the global energy market; performance of distributors and large installers in selling our

products; consolidation in the solar industry among our customers and distributors; our ability to implement our new Enterprise Resource

Planning ("ERP") system; our ability to successfully operate our global operations with a reduced work force; our ability to

recognize expected benefits from restructuring plans; any unauthorized access to, disclosure, or theft of confidential or personal information

or unauthorized access to our network or other similar cyber incidents; attempts by third parties, our employees, or our vendors might

gain unauthorized access to our network or seek to compromise our products and services; emerging issues related to the development and

use of artificial intelligence; loss of key executives, and our ability to retain key personnel and attract additional qualified personnel;

disruption to our business operations due to the evolving conflict in Israel and other conditions in Israel that affect our operations;

tax benefits that are available to us under Israeli law require us to meet various conditions and may be terminated or reduced in the

future; difficulty to enforce a judgment of a U.S. court against our officers and directors, to assert U.S. securities laws claims in

Israel; our dependence on ocean transportation to timely deliver our products in a cost-effective manner; fluctuations in global currency

exchange rates; the impact of evolving legal and regulatory requirements, including corporate social responsibility and sustainability

requirements; existing and future responses to and effects of pandemics, epidemics or other health crises; reduction, elimination or expiration

of government subsidies and economic incentives for on-grid solar electricity applications; changes to net metering policies may reduce

demand for electricity from PV systems; stringent and changing data privacy and security laws, rules, regulations and other obligations;

federal, state, and local regulations governing the electric utility industry with respect to solar energy; business practices and regulatory

compliance of our raw material suppliers; our ability to maintain our brand and to protect and defend our intellectual property; volatility

of our stock price; our customers’ financial stability, creditworthiness, and debt leverage ratio; our ability to effectively design,

launch, market, and sell new generations of our products and services; our ability to retain, and events affecting, our major customers;

our ability to service our debt; impairment of our goodwill or other long-lived and intangible assets; our liquidity and ability to service

our debt; and the other factors set forth under “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended

December 31, 2025, filed on February 25, 2026, in subsequent Quarterly Reports on Form 10Q and in other documents we file from time to

time with the SEC that disclose risks and uncertainties that may affect our business. The preceding list is not intended to be an exhaustive

list of all of our forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although

we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results,

levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur.

Statements in this press release speak only as of the date they were made. The Company undertakes no duty or obligation to update any

forward-looking statements contained in this release, whether as a result of new information, future events or changes in its expectations

or otherwise, except as may be required by applicable law, regulation or other competent legal authority.

Investor Contacts

SolarEdge Technologies, Inc.

Maoz Sigron, Chief Financial Officer

investors@solaredge.com

Sapphire Investor Relations, LLC

Erica Mannion and Michael Funari

investors@solaredge.com

SOLAREDGE TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF LOSS (Unaudited)

(in thousands, except per share data)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Revenues

$ 346,245

$ 289,429

$ 656,746

$ 508,909

Cost of revenues

251,093

257,298

493,313

459,242

Gross profit

95,152

32,131

163,433

49,667

Operating expenses:

Research and development, net

52,751

53,386

102,906

115,383

Sales and marketing

27,265

28,725

54,714

60,382

General and administrative

24,539

19,789

60,961

49,972

Other operating expense, net

6,643

45,724

15,941

42,149

Total operating expenses

111,198

147,624

234,522

267,886

Operating loss

(16,046 )

(115,493 )

(71,089 )

(218,219 )

Financial income (expense), net

(12,378 )

(7,323 )

(13,415 )

2,745

Other income, net

4,017

4,165

Loss before income taxes

(28,424 )

(118,799 )

(84,504 )

(211,309 )

Income taxes

(2,329 )

(5,657 )

(3,615 )

(11,383 )

Net loss from equity method investments

(288 )

(575 )

Net loss

$ (30,753 )

$ (124,744 )

$ (88,119 )

$ (223,267 )

SOLAREDGE TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(in thousands, except per share data)

June 30,

2026

December 31,

2025

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$ 527,257

$ 455,075

Restricted cash

54,660

84,771

Marketable securities

19,685

38,097

Trade receivables, net of allowances of $28,909 and $17,224, respectively

211,874

267,441

Inventories, net

599,817

552,632

Prepaid expenses and other current assets

454,844

341,831

Total current assets

1,868,137

1,739,847

LONG-TERM ASSETS:

Property, plant and equipment, net

253,942

269,351

Operating lease right-of-use assets, net

49,879

48,178

Intangible assets, net

5,780

7,129

Goodwill

49,846

50,123

Other long-term assets

75,946

67,566

Total long-term assets

435,393

442,347

Total assets

2,303,530

2,182,194

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES:

Trade payables

460,141

271,983

Employees and payroll accruals

66,098

73,992

Warranty obligations

69,918

89,330

Deferred revenues and customers advances

49,326

70,371

Accrued expenses and other current liabilities

274,842

297,819

Total current liabilities

920,325

803,495

LONG-TERM LIABILITIES:

Convertible senior notes, net

332,332

331,561

Warranty obligations

238,979

268,559

Deferred revenues and customers advances

327,684

293,328

Finance lease liabilities

19,171

18,558

Operating lease liabilities

42,377

36,648

Other long-term liabilities

10,577

2,581

Total long-term liabilities

971,120

951,235

STOCKHOLDERS’ EQUITY:

Common stock of $0.0001 par value - Authorized: 125,000,000; Issued and outstanding: 61,512,619 and 60,360,154 shares as of June 30, 2026 and December 31, 2025, respectively

6

6

Additional paid-in capital

1,925,024

1,872,760

Accumulated other comprehensive income (loss)

8,813

(11,663 )

Accumulated deficit

(1,521,758 )

(1,433,639 )

Total stockholders’ equity

412,085

427,464

Total liabilities and stockholders’ equity

$ 2,303,530

$ 2,182,194

SOLAREDGE TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(in thousands, except per share data)

Six Months Ended June 30

2026

2025

Cash flows from operating activities:

Net loss

$ (88,119 )

$ (223,267 )

Adjustments to reconcile net loss to net cash provided by operating activities:

Depreciation and amortization

11,687

16,227

Impairment of asset held-for-sale

38,339

Stock-based compensation expenses

39,549

50,687

Loss from business disposition

7,699

17,875

Loss (gain) from exchange rate fluctuations

(1,740 )

1,516

Other items

7,984

(2,221 )

Changes in assets and liabilities:

Trade receivables, net

53,801

(54,686 )

Inventories, net

(35,223 )

125,125

Prepaid expenses and other assets

(125,103 )

61,006

Operating lease right-of-use assets, net

6,600

5,153

Trade payables

188,259

71,217

Employees and payroll accruals

(7,173 )

(2,038 )

Warranty obligations

(48,975 )

(34,609 )

Deferred revenues and customers advances

13,362

(83,779 )

Operating lease liabilities

(7,796 )

(6,806 )

Accrued expenses and other liabilities

21,032

46,285

Net cash provided by operating activities

35,844

26,024

Cash flows from investing activities:

Investment in available-for-sale marketable securities

(172,773 )

Proceeds from maturities of available-for-sale marketable securities

18,388

292,679

Purchase of property, plant and equipment

(11,983 )

(11,365 )

Business dispositions, net of cash sold

(2,631 )

(7,322 )

Proceeds from sale of property, plant and equipment

603

10,314

Repayment related to governmental grant

(6,643 )

Proceeds from sale of investment in privately-held company

4,000

Withdrawal from (investment in) restricted bank deposits

2,700

(138 )

Payments made before lease commencement

(26,162 )

Proceeds from loan receivables

56

27,475

Other investing activities

498

(40 )

Net cash provided by (used in) investing activities

(18,531 )

136,187

Cash flows from financing activities:

Repurchase of convertible debt

(5,093 )

Issuance of common stock upon exercise of stock-based awards

3,850

10

Tax withholding in connection with stock-based awards, net

7,668

323

Other financing activities

(737 )

(1,850 )

Net cash provided by (used in) financing activities

10,781

(6,610 )

Effect of exchange rate changes on cash, cash equivalents and restricted cash

5,287

6,966

Increase in cash, cash equivalents and restricted cash including cash classified within current held-for-sale assets

33,381

162,567

Change in cash classified within current held-for-sale assets

8,690

Increase in cash, cash equivalents and restricted cash

42,071

162,567

Cash, cash equivalents and restricted cash, beginning of period

539,846

409,939

Cash, cash equivalents and restricted cash, end of period

$ 581,917

$ 572,506

SOLAREDGE TECHNOLOGIES, INC.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(Unaudited)

(in thousands, except per share data and percentages)

Three months ended

Year ended

June 30,

2026

March 31,

2026

December 31,

2025

September 30,

2025

June 30,

2025

December 31, 2025

December 31, 2024

December 31, 2023

Gross profit (loss) (GAAP)

$ 95,152

$ 68,281

$ 74,471

$ 72,143

$ 32,131

$ 196,281

$ (877,204 )

$ 703,823

Revenues from finance component

(572 )

(498 )

(456 )

(351 )

(304 )

(1,375 )

(984 )

(834 )

Discontinued operation revenues

(152 )

(64 )

(1,107 )

(85 )

(8,132 )

(16,422 )

Discontinued operation cost of revenues

(240 )

573

(331 )

(13,101 )

7,834

(4,806 )

24,921

36,648

Stock-based compensation

3,693

3,607

3,687

3,959

4,004

16,022

21,952

23,200

Amortization of stock-based compensation capitalized in inventories

320

313

613

825

882

2,701

3,138

1,100

Amortization and depreciation of acquired asset

499

500

495

501

483

1,970

5,412

6,038

Restructuring charges

278

344

31

10

815

15,327

23,154

Gross profit (loss) (Non-GAAP)

$ 98,700

$ 72,990

$ 77,716

$ 63,922

$ 36,908

$ 195,186

$ (807,438 )

$ 793,129

Gross margin (loss) (GAAP)

27.5 %

22.0 %

22.2 %

21.2 %

11.1 %

16.6 %

(97.3 )%

23.6 %

Revenues from finance component

(0.3 )

(0.2 )

0.0

0.0

0.0

(0.1 )

(0.1 )

0.0

Discontinued operation revenues

0.0

0.0

0.0

0.0

(2.8 )

(1.4 )

Discontinued operation cost of revenues

(0.1 )

0.2

0.0

(3.9 )

3.0

(0.4 )

2.8

1.2

Stock-based compensation

1.2

1.1

1.1

1.2

1.4

1.4

2.4

0.9

Amortization of stock-based compensation capitalized in inventories

0.1

0.1

0.0

0.2

0.3

0.2

0.3

0.0

Amortization and depreciation of acquired asset

0.2

0.2

0.0

0.1

0.1

0.3

0.6

0.2

Restructuring charges

0.1

0.0

0.0

0.0

0.1

1.7

0.8

Gross margin (loss) (Non-GAAP)

28.6 %

23.5 %

23.3 %

18.8 %

13.1 %

16.7 %

(89.6 )%

26.7 %

SOLAREDGE TECHNOLOGIES, INC.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(Unaudited)

(in thousands, except per share data and percentages)

Three months ended

Year ended

June 30,

2026

March 31,

2026

December 31,

2025

September 30,

2025

June 30,

2025

December 31, 2025

December 31, 2024

December 31, 2023

Operating expenses (GAAP)

$ 111,198

$ 123,324

$ 122,781

$ 107,293

$ 147,624

$ 497,960

$ 831,084

$ 663,618

Stock-based compensation - R&D

(8,403 )

(8,061 )

(8,442 )

(10,681 )

(9,856 )

(44,890 )

(62,546 )

(66,944 )

Stock-based compensation - S&M

(3,996 )

(4,151 )

(4,298 )

(4,348 )

(4,342 )

(17,730 )

(27,328 )

(30,987 )

Stock-based compensation - G&A

(3,605 )

(4,033 )

(3,546 )

(2,897 )

(1,059 )

(13,903 )

(25,425 )

(28,814 )

Amortization and depreciation of acquired assets - R&D

(1,000 )

(989 )

Amortization and depreciation of acquired assets - S&M

(116 )

(116 )

(116 )

(116 )

(116 )

(772 )

(1,599 )

(927 )

Amortization and depreciation of acquired assets - G&A

(6 )

(15 )

Amortization of stock-based compensation capitalized in assets

(109 )

(110 )

Discontinued operation

176

556

(6,989 )

(316 )

(27,069 )

(35,896 )

(3,293 )

(388 )

Restructuring charges

18

(371 )

(423 )

(426 )

(867 )

(4,329 )

(5,607 )

Assets impairment and disposal by abandonment

(6,646 )

(970 )

(3,135 )

(672 )

(1,967 )

(5,998 )

(251,823 )

(30,790 )

Gain (loss) from assets sales

(8,327 )

(7,117 )

(158 )

(17,108 )

(23,721 )

(5,746 )

1,262

Certain litigation and other contingencies

399

(1,786 )

Acquisition costs

(9 )

(135 )

Operating expenses (Non-GAAP)

$ 88,517

$ 97,741

$ 88,715

$ 87,679

$ 85,240

$ 350,721

$ 447,101

$ 503,105

Operating income (loss) (GAAP)

$ (16,046 )

$ (55,043 )

$ (48,310 )

$ (35,150 )

$ (115,493 )

$ (301,679 )

$ (1,708,288 )

$ 40,205

Revenues from finance component

(572 )

(498 )

(456 )

(351 )

(304 )

(1,375 )

(984 )

(834 )

Discontinued operation

(568 )

(47 )

5,551

(12,870 )

26,771

14,668

28,214

37,036

Stock-based compensation

19,697

19,852

19,973

21,885

19,261

92,545

137,251

149,945

Amortization of stock-based compensation capitalized in inventories

320

313

613

825

882

2,701

3,138

1,100

Amortization and depreciation of acquired assets

615

616

611

617

599

2,742

8,017

7,969

Amortization of stock-based compensation capitalized in assets

109

110

Restructuring charges

(18 )

649

767

457

877

5,144

20,934

23,154

Assets impairment and disposal by abandonment

6,646

970

3,135

672

1,967

5,998

251,823

30,790

Loss (gain) from assets sales

8,327

7,117

158

17,108

23,721

5,746

(1,262 )

Certain litigation and other contingencies

(399 )

1,786

Acquisition costs

9

135

Operating income (loss) (Non-GAAP)

$ 10,183

$ (24,751 )

$ (10,999 )

$ (23,757 )

$ (48,332 )

$ (155,535 )

$ (1,254,539 )

$ 290,024

SOLAREDGE TECHNOLOGIES, INC.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(Unaudited)

(in thousands, except per share data and percentages)

Three months ended

Year ended

June 30,

2026

March 31,

2026

December 31, 2025

September 30, 2025

June 30, 2025

December 31, 2025

December 31, 2024

December 31, 2023

Financial income (expense), net (GAAP)

$ (12,378 )

$ (1,037 )

$ (77,784 )

$ 3,040

$ (7,323 )

$ (71,999 )

$ (14,570 )

$ 41,212

Non cash interest expense

5,208

4,793

4,420

4,462

4,326

17,259

14,877

12,703

Currency fluctuation related to lease standard

4,382

(317 )

3,360

1,552

7,151

10,430

(744 )

(3,055 )

Discontinued operation

(1,613 )

3

1,402

(958 )

2,265

2,433

CTA reclassification upon liquidation of a foreign subsidiary

20

225

59,520

59,520

One-time foreign exchange impact from VAT settlement agreement

(3,900 )

10,963

10,963

Financial income (expense), net (Non-GAAP)

$ (4,381 )

$ (233 )

$ 1,881

$ 8,096

$ 6,419

$ 28,606

$ (437 )

$ 50,860

Other income (loss) (GAAP)

$ —

$ —

$ (6,582 )

$ (15,011 )

$ 4,017

$ (17,428 )

$ 14,547

$ (318 )

Loss (gain) from sale of equity and debt investments

(2 )

(2,966 )

193

Gain from business combination

(1,125 )

Gain from the repurchase of convertible notes

(146 )

(15,456 )

Loss (gain) from sale of private held companies

155

(4,017 )

(3,862 )

Loss from impairment of  private held companies

6,427

15,011

21,438

5,000

Other income (loss) (Non-GAAP)

$ —

$ —

$ —

$ —

$ —

$ —

$ —

$ (125 )

Income tax benefit (expense) (GAAP)

$ (2,329 )

$ (1,286 )

$ 564

$ (2,563 )

$ (5,657 )

$ (13,382 )

$ (96,150 )

$ (46,420 )

Income tax adjustment

105

(15 )

389

(124 )

(100 )

10

39,007

(45,896 )

Income tax benefit (expense) (Non-GAAP)

$ (2,224 )

$ (1,301 )

$ 953

$ (2,687 )

$ (5,757 )

$ (13,372 )

$ (57,143 )

$ (92,316 )

Equity method investments income (loss) (GAAP)

$ —

$ —

$ (9 )

$ (376 )

$ (288 )

$ (960 )

$ (1,896 )

$ (350 )

Loss from equity method investments

9

376

288

960

1,896

350

Equity method investments income (loss) (Non-GAAP)

$ —

$ —

$ —

$ —

$ —

$ —

$ —

$ —

SOLAREDGE TECHNOLOGIES, INC.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(Unaudited)

(in thousands, except per share data and percentages)

Three months ended

Year ended

June 30, 2026

March 31,

2026

December 31, 2025

September 30, 2025

June 30, 2025

December 31, 2025

December 31, 2024

December 31, 2023

Net income (loss) (GAAP)

$ (30,753 )

$ (57,366 )

$ (132,121 )

$ (50,060 )

$ (124,744 )

$ (405,448 )

$ (1,806,357 )

$ 34,329

Revenues from finance component

(572 )

(498 )

(456 )

(351 )

(304 )

(1,375 )

(984 )

(834 )

Discontinued operation

(2,181 )

(44 )

6,953

(13,828 )

29,036

17,101

28,214

37,036

Stock-based compensation

19,697

19,852

19,973

21,885

19,261

92,545

137,251

149,945

Amortization of stock-based compensation capitalized in inventories

320

313

613

825

882

2,701

3,138

1,100

Amortization and depreciation of acquired assets

615

616

611

617

599

2,742

8,017

7,969

Amortization of stock-based compensation capitalized in assets

109

110

Restructuring charges

(18 )

649

767

457

877

5,144

20,934

23,154

Assets impairment and disposal by abandonment

6,646

970

3,135

672

1,967

5,998

251,823

30,790

Loss (gain) from assets sales

8,327

7,117

158

17,108

23,721

5,746

(1,262 )

Certain litigation and other contingencies

(399 )

1,786

Acquisition costs

9

135

Non cash interest expense

5,208

4,793

4,420

4,462

4,326

17,259

14,877

12,703

CTA reclassification upon liquidation of a foreign subsidiary

20

225

59,520

59,520

One-time foreign exchange impact from VAT settlement agreement

(3,900 )

10,963

10,963

Currency fluctuation related to lease standard

4,382

(317 )

3,360

1,552

7,151

10,430

(744 )

(3,055 )

Loss (gain) from sale of equity and debt investments

(2 )

(2,966 )

193

Gain from business combination

(1,125 )

Gain from the repurchase of convertible notes

(146 )

(15,456 )

Loss (gain) from sale from private held companies

155

(4,017 )

(3,862 )

Loss from impairment of  private held companies

6,427

15,011

21,438

5,000

Income tax adjustment

105

(15 )

389

(124 )

(100 )

10

39,007

(45,896 )

Equity method adjustments

9

376

288

960

1,896

350

Net income (loss) (Non-GAAP)

$ 3,578

$ (26,285 )

$ (8,165 )

$ (18,348 )

$ (47,670 )

$ (140,301 )

$ (1,312,119 )

$ 248,443

SOLAREDGE TECHNOLOGIES, INC.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(Unaudited)

(in thousands, except per share data and percentages)

Three months ended

Year ended

June 30, 2026

March 31, 2026

December 31, 2025

September 30, 2025

June 30, 2025

December 31, 2025

December 31, 2024

December 31, 2023

Net basic earnings (loss) per share (GAAP)

$ (0.50 )

$ (0.95 )

$ (2.21 )

$ (0.84 )

$ (2.13 )

$ (6.88 )

$ (31.64 )

$ 0.61

Revenues from finance component

(0.01 )

(0.01 )

(0.01 )

(0.01 )

(0.01 )

(0.02 )

(0.02 )

(0.02 )

Discontinued operation

(0.04 )

0.00

0.12

(0.23 )

0.50

0.29

0.49

0.66

Stock-based compensation

0.32

0.33

0.33

0.37

0.33

1.57

2.41

2.65

Amortization of stock-based compensation capitalized in inventories

0.01

0.01

0.01

0.01

0.01

0.05

0.05

0.02

Amortization and depreciation of acquired assets

0.01

0.01

0.01

0.01

0.01

0.04

0.14

0.14

Amortization of stock-based compensation capitalized in assets

0.00

0.00

Restructuring charges

0.00

0.01

0.02

0.01

0.02

0.09

0.37

0.41

Assets impairment and disposal by abandonment

0.11

0.02

0.05

0.01

0.03

0.10

4.41

0.54

Loss (gain) from assets sales

0.14

0.12

0.00

0.30

0.40

0.10

(0.02 )

Certain litigation and other contingencies

(0.01 )

0.03

Acquisition costs

0.00

0.00

Non cash interest expense

0.09

0.08

0.07

0.08

0.07

0.30

0.26

0.23

CTA reclassification upon liquidation of a foreign subsidiary

0.00

0.00

1.00

1.01

One-time foreign exchange impact from VAT settlement agreement

(0.06 )

0.18

0.18

Currency fluctuation related to lease standard

0.07

(0.01 )

0.06

0.02

0.12

0.18

(0.01 )

(0.06 )

Loss (gain) from sale of equity and debt investments

0.00

(0.05 )

0.01

Gain from business combination

(0.02 )

Gain from the repurchase of convertible notes

0.00

(0.27 )

Loss (gain) from sale from private held companies

0.00

(0.06 )

(0.07 )

Loss from impairment of  private held companies

0.11

0.26

0.36

0.09

Income tax adjustment

0.00

0.00

0.00

(0.01 )

0.00

0.00

0.68

(0.81 )

Equity method adjustments

0.00

0.01

0.00

0.02

0.03

0.00

Net basic earnings (loss) per share (Non-GAAP)

$ 0.06

$ (0.43 )

$ (0.14 )

$ (0.31 )

$ (0.81 )

$ (2.38 )

$ (22.99 )

$ 4.39

SOLAREDGE TECHNOLOGIES, INC.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(Unaudited)

(in thousands, except per share data and percentages)

Three months ended

Year ended

June 30, 2026

March 31, 2026

December 31, 2025

September 30, 2025

June 30, 2025

December 31, 2025

December 31, 2024

December 31, 2023

Net diluted earnings (loss) per share (GAAP)

$ (0.50 )

$ (0.95 )

$ (2.21 )

$ (0.84 )

$ (2.13 )

$ (6.88 )

$ (31.64 )

$ 0.60

Revenues from finance component

(0.01 )

(0.01 )

(0.01 )

(0.01 )

(0.01 )

(0.02 )

(0.02 )

(0.01 )

Discontinued operation

(0.04 )

0.00

0.12

(0.23 )

0.50

0.29

0.49

0.64

Stock-based compensation

0.34

0.33

0.33

0.37

0.33

1.57

2.41

2.57

Amortization of stock-based compensation capitalized in inventories

0.01

0.01

0.01

0.01

0.01

0.05

0.05

0.02

Amortization and depreciation of acquired assets

0.00

0.01

0.01

0.01

0.01

0.04

0.14

0.14

Amortization of stock-based compensation capitalized in assets

0.01

0.00

Restructuring charges

0.00

0.01

0.02

0.01

0.02

0.09

0.37

0.40

Assets impairment and disposal by abandonment

0.10

0.02

0.05

0.01

0.03

0.10

4.41

0.53

Loss (gain) from assets sales

0.14

0.12

0.00

0.30

0.40

0.10

(0.02 )

Certain litigation and other contingencies

(0.01 )

0.03

Acquisition costs

0.00

0.00

Non cash interest expense

0.08

0.08

0.07

0.08

0.07

0.30

0.26

0.03

CTA reclassification upon liquidation of a foreign subsidiary

0.00

0.00

1.00

1.01

One-time foreign exchange impact from VAT settlement agreement

(0.06 )

0.18

0.18

Currency fluctuation related to lease standard

0.06

(0.01 )

0.06

0.02

0.12

0.18

(0.01 )

(0.05 )

Loss (gain) from sale of equity and debt investments

0.00

(0.05 )

0.00

Gain from business combination

(0.02 )

Gain from the repurchase of convertible notes

0.00

0.00

(0.27 )

Loss (gain) From sale from private held companies

0.00

(0.06 )

(0.07 )

Loss from impairment of  private held companies

0.11

0.26

0.36

0.09

Income tax adjustment

0.00

0.00

0.00

(0.01 )

0.00

0.00

0.68

(0.76 )

Equity method adjustments

0.00

0.01

0.00

0.02

0.03

0.00

Net diluted earnings (loss) per share (Non-GAAP)

$ 0.05

$ (0.43 )

$ (0.14 )

$ (0.31 )

$ (0.81 )

$ (2.38 )

$ (22.99 )

$ 4.12

SOLAREDGE TECHNOLOGIES, INC.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(Unaudited)

(in thousands, except per share data and percentages)

Three months ended

Year ended

June 30, 2026

March 31, 2026

December 31, 2025

September 30, 2025

June 30, 2025

December 31, 2025

December 31, 2024

December 31, 2023

Number of shares used in computing net diluted earnings (loss) per share (GAAP)

61,045,194

60,517,248

59,828,042

59,278,269

58,567,394

58,954,380

57,082,182

57,237,518

Stock-based compensation

4,772,503

725,859

Notes due 2025

2,276,818

Number of shares used in computing net diluted earnings (loss) per share (Non-GAAP)

65,817,697

60,517,248

59,828,042

59,278,269

58,567,394

58,954,380

57,082,182

60,240,195

Net cash provided by (used in) operating activities (GAAP)

$ 11,416

$ 24,428

$ 52,629

$ 25,608

$ (7,799 )

$ 104,261

$ (313,319 )

$ (180,113 )

Purchases of property and equipment

(8,282 )

(3,701 )

(9,293 )

(2,809 )

(1,256 )

(23,467 )

(108,163 )

(170,523 )

Discontinued operation

(3,867 )

Free cash flow (deficit) (Non-GAAP)

$ 3,134

$ 20,727

$ 43,336

$ 22,799

$ (9,055 )

$ 76,927

$ (421,482 )

$ (350,636 )

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Cover

Aug. 05, 2026

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Entity Registrant Name

SOLAREDGE TECHNOLOGIES,

INC.

Entity Central Index Key

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Entity Tax Identification Number

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Entity Incorporation, State or Country Code

DE

Entity Address, Address Line One

1 HaMada Street

Entity Address, City or Town

Herziliya Pituach

Entity Address, Country

IL

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4673335

City Area Code

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Local Phone Number

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-Publisher SEC

-Name Exchange Act

-Number 240

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-Subsection b-2

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Indicate if registrant meets the emerging growth company criteria.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Exchange Act

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Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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No definition available.

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- Definition

Two-character EDGAR code representing the state or country of incorporation.

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Exchange Act

-Number 240

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Local phone number for entity.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Trading symbol of an instrument as listed on an exchange.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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