earnings
confidence high
sentiment positive
materiality 0.75
Enphase Q2 record revenue $530.2M, non-GAAP EPS $1.07; Q3 guidance $590-630M
Enphase Energy, Inc.
- Record revenue $530.2M, up 20% QoQ and 68% YoY; GAAP diluted EPS $0.54, non-GAAP $1.07.
- Shipped 3.35M microinverters (1,213 MW DC) and 132.4 MWh IQ Batteries (up 10% QoQ).
- Non-GAAP gross margin 42.2% (up 120 bps QoQ); free cash flow $192M; cash $1.25B.
- Q3 2022 guidance: revenue $590-630M, non-GAAP gross margin 39-42%, battery shipments 130-145 MWh.
- European revenue up 69% QoQ; IQ8 Microinverters 37% of shipments; ADT Solar exclusive deal.