Exhibit 99.1 SolarEdge Announces First Quarter 2024 Financial Results MILPITAS, Calif. — May 8, 2024. SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights • Revenues of $204.4 million • Revenues from solar segment of $190.1 million • GAAP gross margin of negative 12.8% • Non-GAAP gross margin1 of negative 6.5%, including 4.5% of net IRA benefit • Gross margin fr ...