ENPH
Enphase Energy, Inc.31.86
+0.49+1.56%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
4.17BP/E (TTM)
21.82Basic EPS (TTM)
1.46Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Enphase Energy posted solid Q3 results, with net revenues climbing 8% year-over-year to $410.4 million, fueled by a 23% U.S. surge from safe harbor deals, though international sales dipped 38% amid European slowdowns. Gross margin edged up to 47.8% from 46.8%, thanks to stronger IRA benefits offsetting tariff hits and U.S. manufacturing costs. Operating income jumped 33% to $66.2 million, while diluted EPS rose to $0.50 from $0.33, aligning with 133 million shares. Cash from operations hit $89 million year-to-date, with $402 million in cash equivalents and $1.5 billion total liquidity, but $1.2 billion in convertible notes looms, including $632 million due next year. No non-GAAP metrics disclosed in the 10-Q. Yet regulatory shifts pose risks.
8-K
Enphase Q3 revenue jumps 13%
Enphase Energy posted Q3 2025 revenue of $410.4 million, up 13% from Q2's $363.2 million, fueled by 29% U.S. growth and $70.9 million in safe harbor shipments, yet Europe dipped 38% on softening demand. Non-GAAP gross margin hit 49.2%, with operating income at $123.4 million; shipments included 1.77 million microinverters and a record 195 MWh of IQ Batteries. Revenue surged two-year high. Q4 outlook tempers to $310-350 million amid five-point tariff drag.
10-Q
Q2 FY2025 results
Enphase Energy posted solid Q2 FY2025 results, with net revenues climbing 20% year-over-year to $363.2M, fueled by a 9% uptick in microinverter units and 59% surge in IQ Battery shipments, while U.S. sales jumped 37% to $271.3M amid normalized channel inventories. Gross margin edged up to 46.9% from 45.2%, thanks to a hefty 11.4% net IRA benefit, though offset by higher warranty costs tied to tariff hikes. Operating income swung to $37.0M from $1.8M, with diluted EPS at $0.28 (derived from $37.1M net income over 135.2M shares, consistent with filings). Cash from operations hit $75.0M YTD, bolstering $370.5M in cash equivalents and $1.2B total debt (including $632.5M due 2026 at 0% rate, maturing March 2026). Yet, the One Big Beautiful Bill Act's repeal of residential solar tax credits after 2025 poses a demand risk.
8-K
Enphase Q2 earnings overview
Enphase Energy reported Q2 2025 revenue of $363.2 million, up slightly from $356.1 million in Q1, driven by 11% European growth in microinverters and batteries despite lower safe harbor revenue. Non-GAAP gross margin held at 48.6%, buoyed by $41.5 million net IRA benefit, while shipments hit record 190.9 MWh of IQ Batteries. New products like IQ Battery 10C and EV Charger 2 expansions bolster U.S. and global reach. Q3 revenue outlook: $330-370 million. Tariffs erode margins by 2-5 points.
8-K
Board retains key director
Enphase Energy's Board unanimously voted on June 30, 2025, to retain T.J. Rodgers as a director, despite his receiving less than 50% of votes at the May 2025 annual meeting due to institutional proxy policies on over-boarding. Rodgers brings deep expertise in semiconductors, batteries, and solar from founding Cypress Semiconductor and roles at SunPower and others, bolstering Enphase's innovation amid market challenges. His continued service strengthens strategic oversight. Forward-looking statements highlight risks to growth plans.
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