secwatch.observer — SEC 8-K summary
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Issuer:     Enphase Energy, Inc. (ENPH)
CIK:        0001463101
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001463101-22-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enphase Q1 revenue $441.3M record; Q2 guidance $490-520M; EPS beat
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- Q1 record revenue $441.3M, up 7% QoQ; GAAP EPS $0.37, non-GAAP EPS $0.79.
- Microinverter shipments ~2.84M units (1,029 MW DC), down 6% QoQ; IQ Battery shipments 120.4 MWh, up 20% QoQ.
- Non-GAAP gross margin 41.0%, up from 40.2% QoQ, driven by lower expedite costs.
- Acquired SolarLeadFactory to boost lead generation for installers; IQ8 microinverter ramp strong.
- Q2 guidance: revenue $490-520M, non-GAAP gross margin 38-41%, IQ Battery shipments 130-140 MWh.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463101/000146310122000052/0001463101-22-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463101/000146310122000052/enph-20220426.htm
  HTML page:      https://secwatch.observer/filing/0001463101-22-000052

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