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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenues $ 331,851 $ 325,010 $ 763,069 $ 596,881
Cost of revenues 228,888 214,340 520,098 400,101
Gross profit 102,963 110,670 242,971 196,780
Operating expenses:        
Research and development 38,098 29,505 74,793 55,704
Sales and marketing 20,936 22,127 45,189 42,299
General and administrative 13,964 13,685 30,149 25,376
Other operating income (4,900)
Total operating expenses 72,998 65,317 145,231 123,379
Operating income 29,965 45,353 97,740 73,401
Financial income (expenses), net 11,565 773 (5,040) (5,378)
Income before income taxes 41,530 46,126 92,700 68,023
Income taxes 4,862 13,213 13,784 17,135
Net income 36,668 32,913 78,916 50,888
Net loss attributable to Non-controlling interests 215 1,256
Net income attributable to SolarEdge Technologies, Inc. $ 36,668 $ 33,128 $ 78,916 $ 52,144
Net basic earnings per share of common stock attributable to SolarEdge Technologies, Inc. $ 0.74 $ 0.69 $ 1.59 $ 1.10
Net diluted earnings per share of common stock attributable to SolarEdge Technologies, Inc. $ 0.70 $ 0.66 $ 1.51 $ 1.05
Weighted average number of shares used in computing net basic earnings per share of common stock 49,786,586 47,683,799 49,493,173 47,353,401
Weighted average number of shares used in computing net diluted earnings per share of common stock 52,536,437 49,940,034 52,357,838 49,358,280