secwatch.observer — SEC 8-K summary
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Issuer:     Enphase Energy, Inc. (ENPH)
CIK:        0001463101
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001463101-24-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463101/000146310124000013/0001463101-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463101/000146310124000013/enph-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001463101-24-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer