---
schema_version: "secwatch.filing_event.v1"
accession: "0001463101-23-000184"
form_type: "8-K"
ticker: "ENPH"
cik: "0001463101"
company_name: "Enphase Energy, Inc."
filed_at: "2023-12-18T23:59:59+00:00"
generated_at: "2026-06-07T11:15:23.819116+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Enphase to cut 10% of workforce, cease manufacturing at two sites, target $75-80M quarterly OpEx in 2024

## Summary
- Global workforce reduction of ~10% (approx. 350 employees and contractors).
- Ceasing contract manufacturing in Timisoara, Romania and Wisconsin; focus on US sites in South Carolina and Texas.
- Expects global capacity of ~7.25 million microinverter units per quarter, ~5 million from US, after redeployment.
- Restructuring charges $16-18M (incl. ~$7M cash); ~$15M expected in Q4 2023.
- Targeting non-GAAP OpEx of $75-80M per quarter in 2024 after restructuring complete in H1 2024.

## SEC filing metadata
- accession: 0001463101-23-000184
- form_type: 8-K
- ticker: ENPH
- cik: 0001463101
- company_name: Enphase Energy, Inc.
- filed_at: 2023-12-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463101/000146310123000184/0001463101-23-000184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463101/000146310123000184/enph-20231218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001463101-23-000184
- JSON: https://secwatch.observer/filing/0001463101-23-000184.json
- Plain text: https://secwatch.observer/filing/0001463101-23-000184.txt

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