earnings
confidence high
sentiment negative
materiality 0.75
Enphase Q1 rev $282.9M; GAAP EPS -$0.06; Q2 rev guide $280-310M
Enphase Energy, Inc.
2026-Q1 EPS reported
-$0.06
revenue$282,900,000
- Q1 GAAP net loss $7.4M ($0.06 diluted loss); non-GAAP net income $62.3M ($0.47 EPS).
- Revenue $282.9M, down 18% QoQ; U.S. sell-through fell 48% QoQ; Europe up 36% QoQ.
- Non-GAAP gross margin 43.9%, impacted 4.3 ppt by tariffs; Q2 guided 44-47% gross margin.
- Shipped 1.41M microinverters (627.6 MW DC), 103.1 MWh batteries; free cash flow $83M.
- Announced development of 1.25 MW IQ Solid-State Transformer for AI data centers.