Total Revenue

+9% [N/A]

The overall revenue improvement of 9% YoY indicates a rebound from previous challenging quarters where high inventory levels and reduced inverter sales depressed revenue, now offset by a stronger mix of power optimizer and battery sales that helped boost revenue relative to earlier periods [N/A].

Solar Inverter Segment Revenue

+11% YoY "

**A rebound in Solar Inverter segment revenue by 11% YoY reflects the recovery from Q1 2024’s severe downturn, driven primarily by a significant increase in power optimizer sales (+$36.4 million) and rising battery revenues (+$3.8 million), despite partial offsets from reductions in ancillary product sales and lower inverter prices. " **

International Markets

+15% YoY " " "

**The 15% YoY boost in international markets is mainly due to improvements in Europe—where ongoing inventory reductions, market share recovery initiatives, and record shipment levels (e.g., 324 MW in Europe and 242 MW internationally) have reversed prior declines—and stable seasonal performance in Asia. " " " **

US Region

-7% YoY "

**The 7% YoY decline in the US region can be attributed to recently imposed tariffs that reduced gross margins (a noted 2% reduction in Q1 2025) and created uncertainty due to potential policy changes; these factors contrast with earlier periods when reshored manufacturing and non-tariff inventories mitigated adverse impacts. " **