---
schema_version: "secwatch.filing_event.v1"
accession: "0001463101-26-000037"
form_type: "8-K"
ticker: "ENPH"
cik: "0001463101"
company_name: "Enphase Energy, Inc."
filed_at: "2026-04-06T23:59:59+00:00"
generated_at: "2026-05-15T07:16:37.693887+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Enphase sells $235M of Section 45X tax credits at 93% face value; GAAP gross margin cut by 6.7pp in Q1 2026

## Summary
- Sold $235M of advanced manufacturing tax credits (Section 45X) for $218.55M in cash, a ~$16.5M discount.
- Transaction fees of ~$2.5M incurred; both discount and fees expected to be excluded from non-GAAP measures.
- GAAP gross margin for Q1 2026 guided 6.7 percentage points lower than prior guidance due to the sale.
- Purchase price received in a single installment on March 31, 2026; customary covenants and indemnification apply.

## SEC filing metadata
- accession: 0001463101-26-000037
- form_type: 8-K
- ticker: ENPH
- cik: 0001463101
- company_name: Enphase Energy, Inc.
- filed_at: 2026-04-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463101/000146310126000037/0001463101-26-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463101/000146310126000037/enph-20260331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001463101-26-000037
- JSON: https://secwatch.observer/filing/0001463101-26-000037.json
- Plain text: https://secwatch.observer/filing/0001463101-26-000037.txt

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