secwatch.observer — SEC 8-K summary
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Issuer:     Enphase Energy, Inc. (ENPH)
CIK:        0001463101
Form:       8-K
Filed at:   2025-07-22T23:59:59+00:00
Accession:  0001463101-25-000099
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463101/000146310125000099/0001463101-25-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463101/000146310125000099/enph-20250722.htm
  HTML page:      https://secwatch.observer/filing/0001463101-25-000099

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