secwatch.observer — SEC 8-K summary
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Issuer:     Enphase Energy, Inc. (ENPH)
CIK:        0001463101
Form:       8-K
Filed at:   2025-04-22T23:59:59+00:00
Accession:  0001463101-25-000054
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enphase Q1 revenue $356M, down 7% QoQ; guides Q2 rev $340-380M with tariff impact
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- Q1 revenue $356.1M (vs Q4 $382.7M); GAAP EPS $0.22, non-GAAP EPS $0.68.
- Non-GAAP gross margin 48.9% (ex IRA 38.3%); U.S. rev down 13% QoQ, Europe up 7%.
- Shipped 1.53M microinverters, 170.1 MWh batteries; cash $1.53B; $100M stock buyback.
- Q2 guidance: rev $340-380M, non-GAAP gross margin 44-47% (incl IRA) with ~2 ppt tariff hit.
- Paid off $102.2M convertible notes due March 2025; IRA benefit of $30-33M expected in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463101/000146310125000054/0001463101-25-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463101/000146310125000054/enph-20250422.htm
  HTML page:      https://secwatch.observer/filing/0001463101-25-000054

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