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ENPH · NASDAQ · Solar

Enphase Energy (ENPH)

Builds microinverter-based solar, battery, charging, and home-energy control systems.

$34.51

After hours+0.10 (+0.29%)

At close$34.41(−1.01%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	551	303	263	303	381	383	356	363	410	343	283	292
Cost of revenue	289	156	148	166	203	184	188	193	214	191	183	117
Gross profit	262	147	116	137	178	198	168	170	196	152	100	175
	144	157	145	135	128	143	136	133	130	130	130	123
Research & development	55	55	54	49	48	50	50	45	47	46	45	46
	89	87	88	85	80	84	83	85	82	84	81	77
Selling & marketing	55	53	53	52	50	52	49	51	48	49	48	46
General & administrative	34	33	35	34	30	32	34	34	33	35	33	31
Other expenses	0	15	2	1	1	9	3	3	1	0	4	1
Operating income	118	−10	−29	2	50	55	32	37	66	22	−30	52
	19	22	18	9	1	15	15	5	11	17	16	10
Interest income	20	20	20	19	20	18	17	15	15	15	13	12
Interest expense	2	2	2	2	2	2	2	1	1	1	1	−2
Other non-operating income	−22	−25	−20	−1	−3	−17	−17	−6	−12	−18	−17	17
Income before tax	137	12	−11	11	51	70	47	42	77	39	−14	62
Income tax expense	23	−9	5	0	5	8	17	5	10	0	−6	26
Net income from continuing operations	114	21	−16	11	46	62	30	37	67	39	−7	36
Net income	114	21	−16	11	46	62	30	37	67	39	−7	36
EPS, basic	$0.84	$0.15	−$0.12	$0.08	$0.34	$0.46	$0.23	$0.28	$0.51	$0.30	−$0.06	$0.27
EPS, diluted	$0.80	$0.15	−$0.12	$0.08	$0.33	$0.46	$0.22	$0.28	$0.50	$0.29	−$0.06	$0.27
Weighted average shares, basic	136	136	136	136	135	134	132	131	131	131	131	132
Weighted average shares, diluted	144	139	136	136	140	138	136	135	133	133	131	133
EBITDA	159	35	11	23	73	93	69	63	96	60	8	14
Depreciation & amortization	19	21	20	20	20	21	20	20	18	20	21	−21
EBIT	140	14	−9	3	53	72	49	43	78	40	−12	34