secwatch.observer — SEC 8-K summary
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Issuer:     Enphase Energy, Inc. (ENPH)
CIK:        0001463101
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001463101-26-000046
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463101/000146310126000046/0001463101-26-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463101/000146310126000046/enph-20260428.htm
  HTML page:      https://secwatch.observer/filing/0001463101-26-000046

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