SEDG Q4 2024 Earnings Presentation

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SolarEdge T echnologiesNasdaq l SEDG

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Safe Harbor (1/2) 2 Statements contained in this presentation 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 discussion 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 concerning our possible or assumed future results of operations, business strategies, technology developments, new products and services, financing and investment plans, competitive position, industry and regulatory environment, effects of acquisitions,growth opportunities, and the effects of competition. 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. Forward-looking and other statements regarding our sustainability efforts and aspirations are not an indication thatthese statements are necessarily material to investors or requiring disclosure in our filing with the Securities and Exchange Commission (“SEC”). In addition, historical, current and forward-looking sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve and assumptions that are subject to change in the future, including future rule-making. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date of this presentation. Important factors that could cause actual results to differ materially from our expectations include: future demand for renewable energy including solar energy solutions; 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; macroeconomic conditions in our domestic and international markets, as well as inflation concerns, rising interest rates, and recessionary concerns; the retail price of electricity derived from the utility grid or alternative energy sources; interest rates and supply of capital in the global financial markets in general and in the solar market specifically; competition, including introductions of power optimizer, inverter and solar photovoltaic system monitoring products by our competitors; developments in alternative technologies or improvements in distributed solar energy generation; historic cyclicality of the solarindustry and periodic downturns; product quality or performance problems in our products; shortages, delays, price changes, or cessation of operations or production affecting our suppliers of key components; delays, disruptions, and quality control problems in manufacturing; our dependence upon a small number of outside contract manufacturers and limited or single source suppliers; capacity constraints, delivery schedules, manufacturing yields, and costs of our contract manufacturers and availability of components; disruption in our global supply chain and rising prices of oil and raw materials as a result of the conflict between Russia and Ukraine; performance of distributors and large installers in selling our products; consolidation in the solar industry among our customers and distributors; our ability to manage effectively the growth of our organization and expansion into new markets; our ability to recognize expected benefits from restructuring plans; any unauthorized access to, disclosure, or theft of personal information or unauthorized access to our network or other similar cyber incidents; our ability to integrate acquired businesses; disruption to our business operations due to the evolving state of war in Israel and political conditions related to the Israeli government's plans to significantly reduce the Israeli Supreme Court's judicial oversight; 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 emerging environmental, social and governance requirements; existing and future responses to and effects of pandemics, epidemics, or other health crises; changes to net metering policies or the reduction, elimination or expiration of government subsidies and economic incentives for on-grid solar energy applications; federal, state, and local regulations governing the electric utility industry with respect to solar energy; changes in tax laws, tax treaties, and regulations or the interpretation of them, including the Inflation Reduction Act; changes in the U.S. trade environment, including the imposition of import tariffs; 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 retain key personnel and attract additional qualified personnel; 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; 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, 2023, filed on February 26, 2024, 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. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.Included in this presentation are certain financial measures that are not calculated in accordance with U.S. generally accepted accounting principles ("GAAP") that are designed to supplement, and not substitute, SolarEdge's financial information presented in accordance with GAAP. These measures include but are not limited to non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, including as percentage of revenues, non-GAAP operating income, non-GAAP financial income, non-GAAP other income, non-GAAP income tax benefit, non-GAAP equity method investments income, non-GAAP net income, non-GAAP net basic earnings per share, and non-GAAP diluted earnings per share. The non-GAAP measures, as defined by SolarEdge, may not be comparable to similar non-GAAP measures presented by other companies. The Non-GAAP measures are presented in this presentation because we believe that they provide investors with a means of evaluating and understanding how SolarEdge’s management evaluates the company’s operating performance. The presentation of such measures, which may include adjustments to exclude non-recurring items, should not be construed as an inference of SolarEdge's future results, cash flows, or leverage will be unaffected by other non-recurring items. Refer to Appendix A for reconciliation of these non-GAAP measures to the most comparable GAAP measures. Use of Forward-Looking Statements and Non-GAAP Measures

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Safe Harbor (2/2) 3 During the preparation of the audited financial statements and subsequent to filing the Form 10-Q for the third quarter of 2024, the Company considered an amended agreement with a customer which was signed on December 21, 2024. In connection with such amendment, the Company determined it was appropriate to revise previously reported revenues and loans receivables with this customer for the three and nine months ended, September 30, 2024.The financial information presented in this earnings release has been revised accordingly for the period ended September 30, 2024. The Company will also adjust previously reported financial information for such immaterial revision in future filings, as applicable. For the nine months ended September 30, 2024, the revised revenues and net loss are $705.2 million and $1,519 million, respectively, which is $25.5 million lower revenues and $25.5 million higher loss than as previously reported. The revised net loss per share is $26.67. For the three months ended September 30, 2024, the revised revenues and net loss are $235.4 million and $1,231million, respectively, which is $25.5 million lower revenues and $25.5 million higher loss than as previously reported. The revised net loss per share is $21.58. The impact on the Company’s consolidated financial information as of September 30, 2024 was a reduction of loans receivables of $25.5 million and of total stockholder equity by $25.5 million.Immaterial prior quarter adjustment

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Our vision Our missionis to develop and scale renewable energy technologies that improve the way we generate, manage, store and use electrical power in every aspect of our lives.is to create a world powered by clean, sustainable energy. 2MW, Kollund, DenmarkInstalled by Sveigaard

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4.2M+monitored systems56.2GWSystems shippedworldwide5.8MInverters shipped132.0 MPower Optimizers shipped Power electronics and engineeringInstaller experience, service and learning servicesSoftware development, Data Science, Cyber & Security Automated manufacturing Data as of Q4 20241 Have SolarEdge technology on their rooftops2 Based on the number of installer accounts on our monitoring portalOuredge of Fortune-100 Companies150%+ 3.7M+Homes SolarEdge Installers271,000+Systems installed incountries145+Serving global, diverse markets 4,000+employees393patents pending595patents granted Global leader in smart energy production, storage and management

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6 $196.2MGAAP Revenues $(202.5)M Non-GAAP Net Income (loss)* $37.8MCash provided by operating activities (57.2)%GAAP Gross Margin $(287.4)MGAAP Net Income (loss) $81.8M Cash, Deposits and Investments, Net of Debt* Non-GAAP financial measures; see definition and reconciliation in AppendixFinancial ResultsQ4/2024

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7 $901.5MGAAP Revenues $(1.3)B Non-GAAP Net Income(loss)* $(313.3)MCash used in operating activities (97.3)%GAAP Gross Margin $(1.8)BGAAP Net Income (loss)* Non-GAAP financial measures; see definition and reconciliation in AppendixFinancial Results2024

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Renewable energy transformationT ransformation DecarbonizationRenewables set to replace fossil fuels as the dominant source for electricity. DecentralizationTransition from centralized energy networks to distributed energy topology.ElectrificationExponential increase in energy demand due to rapid growth of electric vehicles and devices.DigitalizationSoftware controlled and cyber secured energy networks. 13MW Wu Shan Tou Reservoir, Tainan City, Taiwan Installed by Star Energy

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ElectrificationRapidly growing worldwide demand for electricity 80% Urbanization increase from 55%* +1.7BGlobal population (+22%)* 2022-2050 86%Electric Vehicle Penetrationfrom 1% to 86%2020 – 2050**10xHeat Pumps Installed, from 180 to 1800 million2020 – 2050****Source: Net Zero by 2050 – A Roadmap for the Global Energy Sector; International Energy Agency; Revised version, October 2021 (4th revision) page 72*Source: United Nations Department of Economic and Social Affairs, World Population Prospects 2022: Highlights page 5/ Visualizing the material impact of global urbanization by Bruno Venditti, Visual Capitalist | APRIL 28, 2022 (from 2022 to 2050)Source: International Energy Agency World Energy Outlook 2023 (World Final Energy Consumption)https://www.iea.org/reports/world-energy-outlook-2023, page 265 0204060801001201401601802010 2020 2030 2040 2050ExajoulesGlobal Energy Consumption

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IndividualsGrowing demand for electrification and drive for energy independence.GovernmentsNation-level initiatives to decarbonize (Glasgow, Paris).CorporationsDecarbonization commitments in most industries driven by ESG standards. “Going green” is a smart business choice. Decarbonization Renewables set to be the dominant electricity source Source: International Energy Agency World Energy Outlook 2023, https://www.iea.org/reports/world-energy-outlook-2023, pages 267Unabated Fossil fuels Wind, Hydro, Bioenergy, CSP, Geothermal, Marine, Nuclear, Hydrogen and ammonia, Battery Storage 05,00010,00015,00020,00025,00030,0002010 2020 2030 2040 2050GWGlobal Electricity Capacity Polluting Other clean energy PV

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Digitalization Utilities, companies and governments are increasingly scaling digital technologies as a way to create long term value.+68%Increase in energy sector investment technologies, 2015-2022 (T otal $62B in 2022)**Source: IEA analysis based on data from Guidehouse, IEA: Electricity Grids and Secure Energy Transitions https://iea.blob.core.windows.net/assets/ea2ff609-8180-4312-8de9-494bcf21696d/ElectricityGridsandSecureEnergyTransitions.pdf, page 31** Source: Bloomberg NEF, 1H 2023 Digital Trends in Power, page 6+670%Increase in number of power sector digital projects, 2017-2022** Communications, connectivity, 56%Analytics & AI, 20%Cybersecuriy, blockchain, 10%Data collection and management, 2%Cloud, edge, fog computing, 6%Robotics, drones, automation, 6%Power sector digitalization by technologySource : BloombergNEF, 1H 2023 Digital Trends in Power, page 7 Digitalization

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The distributed energy transformation Decentralization In the decentralized energy network, every node can be an energy producer, consumer and storage site.

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Ourproductsand solutions

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Residential solutions 32kW BIPV; Architects House, Colombier, Switzerland Installed by Freesuns ResidentialInstallers Countries ResidentialsitesWorld leader in smart energy solutions for the homeAs of Q4 2024

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Power Optimizers & Smart Modules Energy Mgmt. Devices EV ChargersSolarEdgeEV Charger Invertersand Batteries SolarEdge Home Wave Inverters SolarEdge Home Hub Inverters SolarEdge Home BatteriesSolarEdge Home Backup Interface SolarEdge Home Network SolarEdgeONE SolarEdge Home Smart Switch SolarEdge Home Load Controller SolarEdge Home Inline Meter SolarEdge Home Hot Water Controller SolarEdge ONE ControllerNot all products are available in all regions. The smart energy ecosystem that maximizes energy efficiency and savings SolarEdge Power Optimizers SolarEdge Smart Modules mySolarEdgeSolarEdge Go

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STEP 1 Data gathering EXTERNALdata sources INTERNALdata sources Home / Business Ownerpreferences STEP 2 Energy optimizationSTEP 3 Executes decisions EnergyOptimizationAlgorithms analyze data, generate 24-hour energy forecast and translateinto real-timeenergy decisions SolarEdge ONE

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The SolarEdge Installer Software Suite Design Install Monitor & OperateSell Control(Homeowner) Upsell Not all software solutions are available in all regions. SolarEdge Proposal-beta SolarEdge Designer SolarEdge Go SolarEdge Monitoring mySolarEdge SolarEdge Referral

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Commercial solutions CommercialInstallers** of Fortune-100 Companies* 400kWp carport and 768kWp on roof Evolv 1, Waterloo, Canada Installed by VCT Group**Installers of both commercial and residential will be counted twice.As of Q4 2024*Over 50% of Fortune-100 companies have SolarEdge technology on their rooftopsWorld leader in smart energy solutions for commercial applications Commercialsites

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Commercial solutions 480kW, Edison High School, USAInstalled by C2 Energy Capital Public Buildings Public Buildings 4.4MW Ombrieres Stade, France Installed by Quadran Carports Carports 3.5MW, Mercedes-Benz, TurkeyInstalled by Naturel YenilenebilirEnerji Industrial Rooftops/ Factories 450kW DHL Warehouse, IsraelInstalled by Ormash Logistics Centers/ Warehouses Logistics Centers/ Warehouses 740kW IKEA Kaoshiung City, TaiwanInstalled by Innos Taiwan Retail Retail Multi Dwelling Units (MDUs) 89kW, MDU, SwitzerlandInstalled by Solarspar

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EV ChargersSolarEdgeEV Charger InvertersSolarEdge Three Phase Inverter with Synergy Technology SolarEdgeThree Phase Commercial Inverter StorageSolarEdge Commercial Storage System – OD Power OptimizersSolarEdgePower Optimizers Optimized Energy Ecosystem for C&I Rooftops Designed for a variety of Commercial and Industrial applications* SolarEdgeONE for C&I** SolarEdge ONEController SolarEdge ONE * Not all products are available in all regions.** Available for selected customers

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6.2MW, Hartford Pike, Rhode Island, USAInstalled by Sunlight General Optimized utility solutionsGround Mount and Dual Use

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Optimized Utility solutions 17MW Fishpond, Linbian Township, Taiwan Installed by INA Energy Floating PV Floating PV 7.9MW Community Solar, RI, USA Installed by Sunlight General 170kW Animal Farm, Cook Campus, USAInstalled by Advanced Solar Products Grazing Grazing 6.6 MW Ground Mount, Windach, Germany Installed by Feneco Ground-Mount Ground-Mount 908 kWp Agri-PV Chiayi County, Taiwan Installed by INA Energy Agri-PV Agri-PV Community Solar Community Solar

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SolarEdgeONESolarEdge ONE for Optimized Utility Ground Mount and Dual Use PowerOptimizersSolarEdge H1300Power Optimizers InvertersSolarEdge TerraMaxTM Inverter SolarEdge ONE TrackersSolarGikSmart PV Trackers SolarEdge ONEController

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Over 71,000installers in the SolarEdge network*Less than 15 minsfor PV-only commissioning**Over 590,000courses taken***252,900projects completed on SolarEdge Designer***Less than 1:36 minsupport center call wait time*****Based on the number of installer accounts on our monitoring portal. **For PV only residential installations, in selected regions. ***Q4 2024 **** 2024 average wait time for call centers globally. The SolarEdge installer experience Installer onboarding Products designed for installability Full suite of installer software tools Learning services Service and support

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Financial update 5MW Floating PV, Mitzpe Ramon, IsraelInstalled by EnerT

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USD millions282.4190.1241.2222.0189.033.4Q4-2314.1Q1-2423.9Q2-2413.1Q3-246.9Q4-24315.8204.2265.2235.2196.02,921.22,815.5842.4188.52022 202358.020243,109.72,975.7900.5160.2-46.2% CAGRSolarAll other* * All other in 2024 refers to energy storage and automation machines Revenues growth by segment

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Consolidated* Gross Margin GAAPNon-GAAP ** 2022 2023 202427.2%23.6%(97.3%) 2022 2023 202428.2%26.7%(89.7%)3.3%Q4-23 Q1-24 Q2-24 Q3-24 Q4-24(6.5%)0.2%(305.0%)(39.5%)Q4-23 Q1-24 Q2-24 Q3-24 Q4-24(17.9%)(12.8%)(4.1%)(309.1%)(57.2%) * For purposes of this presentation, “consolidated” refers to solar, energy storage, and “all other” segments ** Non-GAAP financial measures; see reconciliation in Appendix

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Consolidated* Operating Expenses as % of Revenues GAAPNon-GAAP ** 2022 2023 202421.8%22.3%92.2% 2022 2023 202414.0%16.9%49.7%37.5%53.5%43.3%49.4%54.5%Q4-23 Q1-24 Q2-24 Q3-24 Q4-2457.3%72.2%56.2%162.7%77.2%Q4-23 Q1-24 Q2-24 Q3-24 Q4-24* For purposes of this presentation, “consolidated” refers to solar, energy storage, and “all other” segments ** Non-GAAP financial measures; see reconciliation in Appendix

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GAAP Non-GAAP ** USD millions 166.140.22022 2023 2024(1,708.3)441.7290.02022 2023 2024(1,254.5) Q4-23 Q1-24 Q2-24 Q3-24 Q4-24(237.6)(173.7)(160.2)(1,110.7)(263.7) Q4-23 Q1-24 Q2-24 Q3-24 Q4-24(107.8)(122.5)(114.3)(833.6)(184.1)* For purposes of this presentation, “consolidated” refers to solar, energy storage, and “all other” segments ** Non-GAAP financial measures; see reconciliation in Appendix Consolidated* Operating Income (loss)

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GAAP USD millions 93.834.32022 2023 2024(1,806.4) Q4-23 Q1-24 Q2-24 Q3-24 Q4-24(162.4)(157.3)(130.8)(1,230.8)(287.4) * For purposes of this presentation, “consolidated” refers to solar, energy storage, and “all other” segments ** Non-GAAP financial measures; see reconciliation in Appendix Consolidated* Net Income (loss) Non-GAAP ** 351.2248.42022 2023 2024(1,312.1) Q4-23 Q1-24 Q2-24 Q3-24 Q4-24(52.5)(108.6)(101.2)(899.8)(202.5)