earnings
confidence high
sentiment positive
materiality 0.75
Enphase Q2 revenue $316.1M, non-GAAP EPS $0.53; Q3 guide $335-355M
Enphase Energy, Inc.
- Q2 revenue $316.1M (+5% QoQ); GAAP net income $39.4M vs loss $47.3M a year ago.
- Non-GAAP diluted EPS $0.53; GAAP diluted EPS $0.28; non-GAAP gross margin 40.8%.
- Shipped 2.36M microinverters, 796 MW DC, 43 MWh storage; ended cash $1.3B after $200M buyback.
- Q3 revenue outlook $335M-$355M; non-GAAP gross margin 38%-41%.
- Highlights: Load Control feature, Germany Encharge launch, ConnectedSolutions program.