---
schema_version: "secwatch.filing_event.v1"
accession: "0001463101-24-000070"
form_type: "8-K"
ticker: "ENPH"
cik: "0001463101"
company_name: "Enphase Energy, Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:48:00.972702+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Enphase Q1 revenue $263.3M, net loss $16.1M; guides Q2 revenue $290-330M

## Summary
- Revenue $263.3M, down 13% QoQ and 64% YoY; U.S. revenue fell 34% QoQ.
- GAAP diluted loss per share $0.12; non-GAAP diluted EPS $0.35.
- Non-GAAP gross margin 46.2% (41.0% ex IRA benefit) vs 50.3% Q4.
- Q2 2024 revenue guidance $290-$330M; non-GAAP gross margin 44%-47%.
- Cash and marketable securities $1.63B; generated $49.2M operating cash flow.

## SEC filing metadata
- accession: 0001463101-24-000070
- form_type: 8-K
- ticker: ENPH
- cik: 0001463101
- company_name: Enphase Energy, Inc.
- filed_at: 2024-04-23T23:59:59+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/1463101/000146310124000070/0001463101-24-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463101/000146310124000070/enph-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001463101-24-000070
- JSON: https://secwatch.observer/filing/0001463101-24-000070.json
- Plain text: https://secwatch.observer/filing/0001463101-24-000070.txt

## Key facts
- Earnings Releases
  Enphase Energy, Inc. reported the first quarter ended March 31, 2024 results: revenue $263.3 million, net income GAAP net loss of $16.1 million; non-GAAP net income of $48.0 million, EPS GAAP diluted loss per share of $0.12; non-GAAP diluted earnings per share of $0.35.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $263.3 million
  - Net income: GAAP net loss of $16.1 million; non-GAAP net income of $48.0 million
  - EPS: GAAP diluted loss per share of $0.12; non-GAAP diluted earnings per share of $0.35
  - Result: reported results
  source text: today financial results for the first quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $263.3 million in the first quarter of 2024, along with 46.2% for non-GAAP gross margin. We shipped 1,382,195 microinverters, or approximately 603.6 megawatts DC, and 75.5 megawatt hours of IQ
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463101/000146310124000070/0001463101-24-000070-index.htm

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