Earnings summaries and quarterly performance for Enphase Energy.
Executive leadership at Enphase Energy.
Board of directors at Enphase Energy.
Research analysts who have asked questions during Enphase Energy earnings calls.
BL
Brian Lee
Goldman Sachs Group, Inc.
6 questions for ENPH
Also covers: ARRY, AYI, CCJ +19 more
CR
Colin Rusch
Oppenheimer & Co. Inc.
6 questions for ENPH
Also covers: AEVA, ALB, AMPX +24 more
PS
Philip Shen
ROTH MKM
6 questions for ENPH
Also covers: ARRY, CSIQ, DQ +12 more
CC
Christine Cho
Goldman Sachs Group
5 questions for ENPH
Also covers: BEP, BEPC, BLMN +22 more
DN
Dylan Nassano
Wolfe Research
5 questions for ENPH
Also covers: ARRY, FLNC, NOVA +5 more
Julien Dumoulin-Smith
Jefferies
5 questions for ENPH
Also covers: AEE, AEP, AES +54 more
PS
Praneeth Satish
Wells Fargo
5 questions for ENPH
Also covers: ARIS, CSIQ, ENB +11 more
MM
Maheep Mandloi
Mizuho Financial Group
4 questions for ENPH
Also covers: ARRY, BE, CSIQ +10 more
Mark W. Strouse
J.P. Morgan Chase & Co.
4 questions for ENPH
Also covers: ARRY, BE, BEP +15 more
Austin Moeller
Canaccord Genuity
3 questions for ENPH
Also covers: , ACHR, AVAV +18 more
KH
Kashy Harrison
Piper Sandler
3 questions for ENPH
Also covers: AMRC, ARRY, BE +13 more
AP
Andrew Percoco
Morgan Stanley
2 questions for ENPH
Also covers: BE, FLNC, FSLR +9 more
DB
David Benjamin
Mizuho Securities USA LLC
2 questions for ENPH
Also covers: ARRY, BE
JO
Joseph Osha
Guggenheim Partners
2 questions for ENPH
Also covers: AMRC, ARRY, CHPT +11 more
Vikram Bagri
Citigroup Inc.
2 questions for ENPH
Also covers: AMPS, ARRY, CSIQ +7 more
CD
Chris Dendrinos
RBC Capital Markets
1 question for ENPH
Also covers: BE, CHPT, EVGO +8 more
DA
David Arcaro
Morgan Stanley
1 question for ENPH
Also covers: AEP, AES, ATO +32 more
Dimple Gosai
Bank of America
1 question for ENPH
Also covers: ARRY, BE, CWEN +6 more
Dushyant Ailani
Jefferies
1 question for ENPH
Also covers: ADM, BE, BLDP +4 more
Eric Stine
Craig-Hallum Capital Group LLC
1 question for ENPH
Also covers: ALTO, AMRC, AMSC +18 more
Gordon Johnson
GLJ Research
1 question for ENPH
Also covers: CCJ, DQ
JO
Jeffrey Osborne
TD Cowen
1 question for ENPH
Also covers: ASPN, AUR, BLDP +14 more
JL
Jordan Levy
Truist Securities
1 question for ENPH
Also covers: AMTX, ARRY, BLDP +10 more
PM
Pavel Molchanov
Raymond James
1 question for ENPH
Also covers: ADSE, ALTM, AMRC +14 more
Recent press releases and 8-K filings for ENPH.
Enphase Energy reports Q4 2025 results
ENPH
Earnings
Guidance Update
Product Launch
- Revenue of $343.3 M, shipped 682.6 MW DC of microinverters and 150.1 MWh of batteries; generated free cash flow of $37.8 M.
- Non-GAAP gross margin of 46.1% and GAAP gross margin of 44.3%; non-GAAP EPS of $0.71 and GAAP EPS of $0.29 in Q4.
- Q1 2026 revenue guidance of $270 M–$300 M (includes ~$35 M of safe harbor revenue); non-GAAP gross margin expected at 42%–45%.
- Product rollouts included shipping IQ9 3P commercial microinverters and IQ EV Charger 2, with fifth-generation battery pilots planned for Q3 2026.
4 minutes ago
Enphase Energy reports Q4 2025 results
ENPH
Earnings
Guidance Update
- Revenue of $343.3 M, shipments of 682.6 MW of microinverters and 150.1 MWh of IQ batteries, including $20.3 M in safe harbor sales.
- Q4 non-GAAP gross margin declined to 46.1% (GAAP 44.3%), down from 49.2% in Q3, with a 5.1% tariff headwind.
- Cash, equivalents & marketable securities totaled $1.51 B; $337 M net PTC receivable; planning to repay $632.5 M of convertible notes due March 2026.
- Q1 2026 guidance: revenue $270–300 M (∼90% booked), GAAP gross margin 40–43%, non-GAAP gross margin 42–45%.
- CEO emphasized upcoming 5th gen battery, IQ9 GaN microinverters and IQ EV Charger launches to drive cost improvements and offset tariffs.
2 hours ago
Enphase Energy reports Q4 2025 results
ENPH
Earnings
Guidance Update
Share Buyback
- Enphase reported Q4 revenue of $343.3 million, shipping 682.6 MW DC of microinverters and 150.1 MWh of IQ batteries; non-GAAP gross margin was 46.1% and non-GAAP EPS $0.71 (GAAP EPS $0.29).
- For Q1 2026, the company guided revenue of $270–300 million (including 120 MWh of IQ batteries and ~$35 million of safe harbor revenue) with GAAP gross margin of 40–43% and non-GAAP gross margin 42–45%.
- The balance sheet ended Q4 with $1.51 billion in cash and equivalents; management will use cash to settle a $632.5 million convertible note due March 1, 2026, and retains $269 million of share repurchase authorization.
- Continued product innovation: rolled out PowerMatch software (up to 40% performance boost), began shipping IQ9 3P commercial microinverters (50,000 units ordered for Q1) and IQ EV Charger 2, and plans Q3 2026 pilots for its 5th-generation battery.
2 hours ago
Enphase presents 2025 business and product overview
ENPH
- 2025 revenue of $1.5 billion, GAAP net income of $172.1 million, and cash flow from operations of $136.5 million; shipped ~86.4 million microinverters and deployed over 5.1 million systems globally as of Dec 31, 2025.
- Differentiated by grid-forming IQ™ microinverter technology and comprehensive energy management solutions—including PowerMatch™, VPP programs, and expanding IQ Battery 10C and EV charger portfolios.
- Robust operational footprint with four global microinverter manufacturing sites (U.S., Netherlands, China), targeting 500 dppm reliability, and achieving a 79 NPS in Q4 2025.
- Sustainability leadership featuring a 13.4% reduction in Scope 2 emissions (2024 vs. 2023), operations on 80% renewable energy, an AA MSCI ESG rating, and a top-10 ranking in the 2025 Corporate Knights Global 100.
3 hours ago
Enphase Energy reports Q4 2025 results
ENPH
Earnings
Guidance Update
- Revenue of $343.3 million in Q4 2025; GAAP gross margin 44.3% and non-GAAP gross margin 46.1% (including 5.1 pp tariff impact)
- GAAP operating income of $22.4 million and net income of $38.7 million (diluted EPS $0.29); non-GAAP operating income $79.4 million and net income $93.4 million (diluted EPS $0.71)
- Free cash flow of $37.8 million and ending cash, cash equivalents and marketable securities of $1.51 billion
- Shipped 1.55 million microinverters (682.6 MW DC) and 150.1 MWh of IQ Batteries in Q4 2025
- Q1 2026 guidance: revenue $270–300 million, GAAP gross margin 40–43%, non-GAAP gross margin 42–45%, GAAP OpEx $137–141 million, non-GAAP OpEx $77–81 million
3 hours ago
Enphase Energy reports Q4 2025 results and provides Q1 2026 outlook
ENPH
Earnings
Guidance Update
- Revenue of $343.3 million in Q4 2025; GAAP gross margin of 44.3% and non-GAAP gross margin of 46.1%
- GAAP net income of $38.7 million (diluted EPS $0.29) and non-GAAP net income of $93.4 million (diluted EPS $0.71)
- Free cash flow of $37.8 million; ending cash, cash equivalents and marketable securities of $1.51 billion
- Shipments of ~1.55 million microinverters (682.6 MW DC) and 150.1 MWh of IQ Batteries in Q4 2025
- Q1 2026 guidance: revenue of $270–300 million; GAAP gross margin 40–43%; non-GAAP gross margin 42–45%
4 hours ago
Enphase Energy announces workforce and cost reduction plan
ENPH
Layoffs
Guidance Update
- Federal 30% Residential Clean Energy Tax Credit ended December 31, 2025, reducing near-term demand and increasing the importance of financing and customer value.
- Company will reduce headcount by approximately 160 employees (under 6% of workforce) and simplify its organization to align cost structure with priorities.
- One-time restructuring and asset impairment charge of approximately $4.6 million expected, including severance, benefits, and office-closure costs.
- Targets reducing non-GAAP operating expenses from about $80 million per quarter today to $70–75 million per quarter starting in Q3 2026.
Jan 23, 2026, 9:12 PM
Enphase Energy begins shipments of IQ9N-3P commercial microinverter
ENPH
Product Launch
- Enphase began production shipments of the IQ9N-3P Commercial Microinverter across the U.S. in late December 2025; manufactured domestically to meet FEOC compliance and domestic content requirements.
- The IQ9N-3P uses GaN technology, delivers up to 97.5% efficiency, handles continuous DC current of 16 A, and peak output of 427 VA for panels up to 600 W.
- It complies with UL 1741-SB and IEEE 1547-2018, features rapid shutdown, phase balancing, ride-through, and integrates with the IQ Gateway Commercial Pro for monitoring and advanced grid controls.
- DOM units support the Buy America Act, may qualify for domestic content bonus tax credits, and are backed by a 25-year limited warranty (microinverter) and 15-year warranty (gateway).
Jan 12, 2026, 1:00 PM
Enphase Energy expands safe harbor agreement with leading TPO provider
ENPH
New Projects/Investments
- Enphase expanded a safe harbor agreement with a leading TPO solar financing provider, projected to generate $55 million in revenue across Q4 2025 and Q1 2026, with the majority recognized in Q1 2026.
- The deal helps preserve investment tax credit (ITC) eligibility under both the 5% safe harbor and physical work test methods, offering flexibility for TPO customers.
- Utilizes U.S.-manufactured IQ8™ and IQ8HC™ microinverters to enable customers to qualify for domestic content bonus tax credits and meet evolving U.S. sourcing requirements.
- Enphase plans to enter similar agreements in the coming months and continues ramping U.S. manufacturing to support FEOC compliance for solar and battery systems.
Dec 16, 2025, 1:00 PM
Enphase Energy partners with Green Mountain Power on Vermont battery lease program
ENPH
New Projects/Investments
Product Launch
- Enphase Energy partners with Green Mountain Power to launch a home battery lease program in Vermont, bolstering GMP's 75 MW virtual power plant—the state's largest dispatchable energy source.
- The program offers customers a ten-year lease of two IQ® Battery 10C systems for $55/month or a $5,500 one-time payment, backed by a 15-year warranty and 24/7 support.
- Customers can share stored energy during peak demand to reduce costs and enhance grid resilience amid severe storms and grid events.
- Enphase and GMP plan to introduce the IQ® Bidirectional EV Charger in 2026, enabling electric vehicles to power homes or the grid during outages and peak periods.
Nov 12, 2025, 1:00 PM
Quarterly earnings call transcripts for Enphase Energy.
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