earnings
confidence high
sentiment neutral
materiality 0.75
Enphase Q4 2024 rev $382.7M, GAAP EPS $0.45, non-GAAP EPS $0.94; Q1 guide $340-380M
Enphase Energy, Inc.
2024-FY EPS reported
$0.75
revenue$1,330,383,000
- Q4 revenue $382.7M, up 26.5% YoY; GAAP net income $62.2M vs $20.9M in Q4 2023.
- Non-GAAP gross margin 53.2% (39.7% ex $13.5% IRA benefit); shipped 2.01M microinverters, 152.4 MWh batteries.
- Repurchased 2.88M shares for $199.7M at avg $69.25; cash & equivalents $1.72B.
- Q1 2025 guidance: revenue $340-380M, non-GAAP gross margin 48-51% with IRA benefit.
- U.S. microinverter shipments from contract manufacturing ~1.69M units booked for 45X tax credits.