Enphase Q2 revenue $711M, non-GAAP EPS $1.47; Q3 guidance below Q2 levels

Enphase Energy, Inc.

2024-Q2 EPS reported $2.11 revenue$1,437,134,000

Revenue $711.1M, GAAP diluted EPS $1.09, non-GAAP diluted EPS $1.47.
US revenue fell 12% QoQ; Europe revenue rose 25% QoQ.
Q3 guidance: revenue $550-600M (down QoQ); non-GAAP gross margin 42-45%.
Board authorized new $1B share repurchase; prior $500M program completed in Q2.
David Ranhoff remains full-time EVP/Chief Commercial Officer (reverses earlier part-time plan).

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Enphase Energy, Inc. reported second quarter ended June 30, 2023 results: revenue $711.1 million, net income GAAP net income of $157.2 million, EPS GAAP diluted earnings per share of $1.09.

Period: second quarter ended June 30, 2023
Revenue: $711.1 million
Net income: GAAP net income of $157.2 million
EPS: GAAP diluted earnings per share of $1.09
Result: reported results

Exact text from the filing

Financial highlights for the second quarter of 2023 are listed below: • Quarterly revenue of $711.1 million • GAAP gross margin of 45.5%; non-GAAP gross margin of 46.2% • GAAP operating income of $170.3 million; non-GAAP operating income of $230.5 million • GAAP net income of $157.2 million; non-GAAP net income of $205.6 million • GAAP diluted earnings per share of $1.09; non-GAAP diluted earnings per share of $1.47

View on SEC.gov

Browse all earnings releases →

Enphase Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001463101-23-000138

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.