secwatch.observer — SEC 8-K summary
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Issuer:     Enphase Energy, Inc. (ENPH)
CIK:        0001463101
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0001463101-25-000111
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enphase Q3 revenue $410.4M, highest in 2 years; Q4 guide $310-350M, below Q3
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- GAAP diluted EPS $0.50; non-GAAP $0.90. Revenue $410.4M, up 13% QoQ from $363.2M.
- Record IQ Battery shipments of 195 MWh; microinverters 1.77M units (784.6 MW DC).
- U.S. revenue +29% QoQ; Europe -38% QoQ due to softening demand.
- Q4 guidance: rev $310-350M (no safe harbor), GAAP gross margin 40-43%, non-GAAP 42-45%.
- Tariff impact 4.9 ppt on Q3 margins; expects ~5 ppt in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463101/000146310125000111/0001463101-25-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463101/000146310125000111/enph-20251028.htm
  HTML page:      https://secwatch.observer/filing/0001463101-25-000111

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