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SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Reportable Segments and Operating Income

		Three Months Ended March 31,
		2026				2025
Revenues		$	310,501			$	219,480
Less:
Direct costs of goods			186,197				130,929
Salaries1			111,305				122,445
Inventory costs			8,642				1,919
Shipment and logistics			11,724				11,134
Warranty			(10,388	)			(446	)
Depreciation and amortization			5,941				13,103
Directly related overhead costs			14,825				11,688
Other2			37,298				31,286
Financial (income) expense, net			1,037				(10,068	)
Income taxes			1,286				5,726
Net loss from equity method investments			-				287
Net loss		$	(57,366	)		$	(98,523	)

¹   Including stock-based compensation expenses.

²   Represents indirect costs of goods, consultants and sub-contractors, marketing, bad debt, impairments and dispositions.

Schedule of Revenues By Product Family

		Three Months Ended March 31,
		2026				2025
United States		$	158,094			$	132,104
Europe			113,511				52,502
International markets			38,896				34,874
Total revenues		$	310,501			$	219,480

Schedule of reconciliation to consolidated operating income

		Three Months Ended March 31,
		2026				2025
Power optimizers		$	128,868			$	92,998
Batteries			94,885				41,927
Inverters			63,270				71,044
Communication			5,335				191
Energy storage systems			64				7,098
Other			18,079				6,222
Total revenues		$	310,501			$	219,480

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Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

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- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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