earnings
confidence high
sentiment positive
materiality 0.80
Enphase Q3 revenue $351.5M record; non-GAAP EPS $0.60; Q4 guidance $390-410M
Enphase Energy, Inc.
- Record revenue $351.5M, up 11% QoQ and 97% YoY; non-GAAP gross margin 40.8%.
- GAAP diluted EPS $0.15; non-GAAP diluted EPS $0.60; operating cash flow $113.4M.
- Shipped 2.6M microinverters (913 MW DC) and 65 MWh storage; storage shipments up ~51% QoQ.
- Q4 guidance: revenue $390-410M, non-GAAP gross margin 38-41%, storage 90-100 MWh.
- Announced IQ8 microinverter; expanded into Brazil and Italy; generator integration feature.