secwatch.observer — SEC 8-K summary
======================================

Issuer:     Enphase Energy, Inc. (ENPH)
CIK:        0001463101
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001463101-26-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enphase Q4: rev $343.3M, GAAP EPS $0.29; Q1 guide $270-300M
-----------------------------------------------------------

- Q4 revenue $343.3M, down 16% QoQ and 10% YoY; GAAP diluted EPS $0.29 (vs $0.50 Q3, $0.45 Q4 2024).
- Non-GAAP diluted EPS $0.71, down from $0.90 Q3 and $0.94 Q4 2024; tariff impact 5.1 percentage points on margins.
- Shipped 1.55M microinverters (682.6 MW DC) and 150.1 MWh of IQ Batteries; US sell-through demand up 21% QoQ.
- Q1 2026 guidance: revenue $270-300M, non-GAAP gross margin 42-45% with ~5% tariff impact.
- Ended Q4 with $1.51B cash and $268.7M remaining buyback authorization; free cash flow $37.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463101/000146310126000008/0001463101-26-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463101/000146310126000008/enph-20260203.htm
  HTML page:      https://secwatch.observer/filing/0001463101-26-000008

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