Enphase Energy to cut ~160 jobs (~6% workforce) and reduce opex to $70-75M/qtr by Q3 2026

Enphase Energy, Inc.

Layoffs affect ~160 employees, ~6% of workforce; restructuring charge of ~$4.6M expected, mostly in Q1 2026.
Non-GAAP operating expenses targeted at $70-75M per quarter from Q3 2026, down from ~$80M.
Company cites expiration of federal 25D solar tax credit at end of 2025 as key driver of demand reduction.
Strategic shifts: distribution-led model in Brazil, Philippines, South Africa; prioritize core R&D; cut early-stage initiatives.
CEO Badri Kothandaraman emphasizes focus on growth initiatives including prepaid lease/loan, 4th-gen batteries, Netherlands retrofit.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.