---
schema_version: "secwatch.filing_event.v1"
accession: "0001463101-23-000163"
form_type: "8-K"
ticker: "ENPH"
cik: "0001463101"
company_name: "Enphase Energy, Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:25:00.372175+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Enphase Q3 rev $551M (-22.5% QoQ), EPS $0.80; guides Q4 $300-350M on weak Europe demand

## Summary
- Q3 revenue $551.1M vs $711.1M QoQ and $634.7M YoY; GAAP diluted EPS $0.80, non-GAAP $1.02.
- Q4 revenue guidance slashed to $300-350M (down 36-46% QoQ) on high distributor inventory and softening demand in Europe and US.
- Europe revenue fell 34% QoQ; US down 16%; macroeconomic conditions and inventory bloat cited.
- Non-GAAP gross margin 48.4% (up 220bps QoQ) helped by net IRA benefit of 2.6%; operating income $167.6M non-GAAP.
- Ended Q3 with $1.78B cash; repurchased $110M in stock; Q3 operating cash flow $145.9M.

## SEC filing metadata
- accession: 0001463101-23-000163
- form_type: 8-K
- ticker: ENPH
- cik: 0001463101
- company_name: Enphase Energy, Inc.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463101/000146310123000163/0001463101-23-000163-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463101/000146310123000163/enph-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001463101-23-000163
- JSON: https://secwatch.observer/filing/0001463101-23-000163.json
- Plain text: https://secwatch.observer/filing/0001463101-23-000163.txt

## Key facts
- Earnings Releases
  Enphase Energy, Inc. reported Q3 2023 results: revenue 551.1 million, net income 114.0 million, EPS 0.80.
  - Period: Q3 2023
  - Revenue: 551.1 million
  - Net income: 114.0 million
  - EPS: 0.80
  - Result: reported results
  source text: We reported quarterly revenue of $551.1 million in the third quarter of 2023, along with 48.4% for non-GAAP gross margin.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463101/000146310123000163/0001463101-23-000163-index.htm
- Earnings Releases
  Enphase Energy, Inc. reported Q3 2023 results: revenue 551.1 million, net income 114.0 million, EPS 0.80.
  - Period: Q3 2023
  - Revenue: 551.1 million
  - Net income: 114.0 million
  - EPS: 0.80
  - Result: reported results
  source text: GAAP net income of $114.0 million; non-GAAP net income of $141.8 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463101/000146310123000163/0001463101-23-000163-index.htm
- Earnings Releases
  Enphase Energy, Inc. reported Q3 2023 results: revenue 551.1 million, net income 114.0 million, EPS 0.80.
  - Period: Q3 2023
  - Revenue: 551.1 million
  - Net income: 114.0 million
  - EPS: 0.80
  - Result: reported results
  source text: today financial results for the third quarter of 2023, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $551.1 million in the third quarter of 2023, along with 48.4% for non-GAAP gross margin. We shipped 3,905,239 microinverters, or approximately 1,585.6 megawatts DC, and 86.2 megawatt hours of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463101/000146310123000163/0001463101-23-000163-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.