secwatch.observer — SEC 8-K summary
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Issuer:     Enphase Energy, Inc. (ENPH)
CIK:        0001463101
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001463101-24-000116
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enphase Q2 rev $303.5M, GAAP EPS $0.08, non-GAAP $0.43; Q3 outlook $370-410M
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- Revenue $303.5M, down 57% YoY from $711.1M; GAAP diluted EPS $0.08 vs $1.09 last year.
- Non-GAAP diluted EPS $0.43, down from $1.47; non-GAAP gross margin 47.1% (ex-IRA 41.0%).
- Shipped 1.4M microinverters, 120.2 MWh batteries; US revenue up 32% QoQ; channel inventory normalized.
- Q3 guidance: rev $370-410M, non-GAAP gross margin 47-50% (ex-IRA 39-42%), net IRA benefit $30-33M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463101/000146310124000116/0001463101-24-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463101/000146310124000116/enph-20240723.htm
  HTML page:      https://secwatch.observer/filing/0001463101-24-000116

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