---
schema_version: "secwatch.filing_event.v1"
accession: "0001463101-25-000099"
form_type: "8-K"
ticker: "ENPH"
cik: "0001463101"
company_name: "Enphase Energy, Inc."
filed_at: "2025-07-22T23:59:59+00:00"
generated_at: "2026-05-18T04:14:55.549030+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Enphase Q2 revenue $363.2M, GAAP EPS $0.28, non-GAAP $0.69; Q3 rev guidance $330-370M

## Summary
- Q2 revenue $363.2M (+2% QoQ, +20% YoY); GAAP net income $37.1M, vs $10.8M in Q2 2024.
- Non-GAAP gross margin 48.6% (incl. IRA benefit); ex-IRA 37.2%; tariffs reduced margins ~2pp.
- Shipped 1.53M microinverters (675.4 MW) and record 190.9 MWh of batteries; US manufacturing shipped 1.41M microinverters and 46.9 MWh.
- Q3 2025 rev guidance $330-370M; GAAP gross margin 41-44%, non-GAAP 43-46%; tariffs to impact 3-5pp.
- Repurchased 702,948 shares for ~$30M at avg $42.67; cash $1.53B.

## SEC filing metadata
- accession: 0001463101-25-000099
- form_type: 8-K
- ticker: ENPH
- cik: 0001463101
- company_name: Enphase Energy, Inc.
- filed_at: 2025-07-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463101/000146310125000099/0001463101-25-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463101/000146310125000099/enph-20250722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001463101-25-000099
- JSON: https://secwatch.observer/filing/0001463101-25-000099.json
- Plain text: https://secwatch.observer/filing/0001463101-25-000099.txt

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