secwatch.observer — SEC 8-K summary
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Issuer:     Enphase Energy, Inc. (ENPH)
CIK:        0001463101
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001463101-24-000140
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enphase Q3 revenue $380.9M, GAAP EPS $0.33, non-GAAP EPS $0.65; Q4 guidance revenue $360-400M
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- Q3 revenue $380.9M, up from $303.5M in Q2 2024 but down from $551.1M YoY.
- GAAP gross margin 46.8%, non-GAAP gross margin 48.1% (incl. net IRA benefit of 9.2%).
- Shipped 1.73M microinverters (730 MW DC) and 172.9 MWh of IQ Batteries.
- Ended Q3 with $1.77B cash; generated $170.1M operating cash flow; repurchased $49.8M in stock.
- Q4 2024 guidance: revenue $360-400M, non-GAAP gross margin 49-52% (incl. IRA benefit), IRA benefit $38-41M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463101/000146310124000140/0001463101-24-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463101/000146310124000140/enph-20241022.htm
  HTML page:      https://secwatch.observer/filing/0001463101-24-000140

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