earnings
confidence high
sentiment positive
materiality 0.75
Enphase Q3 revenue $634.7M record, EPS $0.80 GAAP/$1.25 adjusted; guides Q4 rev $680-720M
Enphase Energy, Inc.
- Record Q3 revenue $634.7M, up 20% QoQ; GAAP EPS $0.80, non-GAAP $1.25.
- Non-GAAP gross margin 42.9%, up from 42.2% Q2; IQ8 microinverters 47% of shipments.
- Europe revenue surged ~70% QoQ; IQ Battery shipments 133.6 MWh.
- Q4 guidance: revenue $680-720M, non-GAAP gross margin 40-43%.
- Acquired GreenCom Networks (IoT software) for European expansion.