---
schema_version: "secwatch.filing_event.v1"
accession: "0001463101-26-000046"
form_type: "8-K"
ticker: "ENPH"
cik: "0001463101"
company_name: "Enphase Energy, Inc."
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T02:48:18.788445+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Enphase Q1 rev $282.9M; GAAP EPS -$0.06; Q2 rev guide $280-310M

## Summary
- 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.

## SEC filing metadata
- accession: 0001463101-26-000046
- form_type: 8-K
- ticker: ENPH
- cik: 0001463101
- company_name: Enphase Energy, Inc.
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463101/000146310126000046/0001463101-26-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463101/000146310126000046/enph-20260428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001463101-26-000046
- JSON: https://secwatch.observer/filing/0001463101-26-000046.json
- Plain text: https://secwatch.observer/filing/0001463101-26-000046.txt

## Key facts
- Earnings Releases
  Enphase Energy, Inc. reported the first quarter of 2026 results: revenue $282.9 million, net income GAAP net loss of $7.4 million, EPS GAAP diluted loss per share of $0.06.
  - Period: the first quarter of 2026
  - Revenue: $282.9 million
  - Net income: GAAP net loss of $7.4 million
  - EPS: GAAP diluted loss per share of $0.06
  - Result: reported results
  source text: today financial results for the first quarter of 2026, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $282.9 million in the first quarter of 2026, along with 43.9% for non-GAAP gross margin. We shipped approximately 1.41 million microinverters, or 627.6 megawatts DC, and 103.1 megawatt hours
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463101/000146310126000046/0001463101-26-000046-index.htm

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