---
schema_version: "secwatch.filing_event.v1"
accession: "0001463101-24-000013"
form_type: "8-K"
ticker: "ENPH"
cik: "0001463101"
company_name: "Enphase Energy, Inc."
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:01:20.787029+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Enphase Q4 revenue $302.6M, down 45% QoQ; guides Q1 $260-300M

## Summary
- Q4 revenue $302.6M, down 45% from Q3 and 58% YoY; GAAP EPS $0.15, non-GAAP EPS $0.54
- Non-GAAP gross margin 50.3% (incl IRA benefit); excl benefit 41.8% vs 45.8% prior quarter
- US revenue down ~35% QoQ; Europe down ~70% QoQ; demand softening and inventory reduction
- Q1 2024 guidance: revenue $260M-$300M, non-GAAP gross margin 44-47% incl IRA benefit
- Ceasing ops at Romania and Wisconsin contract mfg; focusing US capacity in SC and TX

## SEC filing metadata
- accession: 0001463101-24-000013
- form_type: 8-K
- ticker: ENPH
- cik: 0001463101
- company_name: Enphase Energy, Inc.
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463101/000146310124000013/0001463101-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463101/000146310124000013/enph-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001463101-24-000013
- JSON: https://secwatch.observer/filing/0001463101-24-000013.json
- Plain text: https://secwatch.observer/filing/0001463101-24-000013.txt

## Key facts
- Earnings Releases
  Enphase Energy, Inc. reported the fiscal year 2023 results: revenue $2,290,786, net income $438,936, EPS $3.08.
  - Period: the fiscal year 2023
  - Revenue: $2,290,786
  - Net income: $438,936
  - EPS: $3.08
  - Result: reported results
  source text: fiscal year 2023 are provided below, compared with the prior year: (In thousands, except per share and percentage data) GAAP Non-GAAP FY 2023 FY 2022 FY 2023 FY 2022 Revenue $ 2,290,786 $ 2,330,853 $ 2,290,786 $ 2,330,853 Gross margin 46.2 % 41.8 % 47.1 % 42.6 % Operating expenses $ 612,647 $ 526,334 $ 382,115 $ 303,724 Operating income $ 445,741 $ 448,261 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463101/000146310124000013/0001463101-24-000013-index.htm
- Earnings Releases
  Enphase Energy, Inc. reported the fourth quarter of 2023 results: revenue $302.6 million, net income $20.9 million, EPS $0.15.
  - Period: the fourth quarter of 2023
  - Revenue: $302.6 million
  - Net income: $20.9 million
  - EPS: $0.15
  - Result: reported results
  source text: today financial results for the fourth quarter of 2023, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $302.6 million in the fourth quarter of 2023, along with 50.3% for non-GAAP gross margin. We shipped 1,595,677 microinverters, or approximately 660.1 megawatts DC, and 80.7 megawatt hours of IQ
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463101/000146310124000013/0001463101-24-000013-index.htm

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