Enphase Energy, Inc. — fact timeline

Shanker Trivedi was appointed as Director at Enphase Energy, Inc..

“has appointed Shanker Trivedi to fill the newly created vacancy in Class I of the Board.”

Enphase Energy, Inc. shareholders approved Ratification of Appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-03-19 meeting.

“Proposal 4: Ratification of Appointment of Deloitte & Touche LLP The selection of Deloitte & Touche LLP by the Audit Committee of the Board as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 was ratified by the following vote: Votes For Votes Against Abstentions 103,513,747 714,475 277,083”

Enphase Energy, Inc. shareholders approved Approval of an amendment and restatement of the Enphase Energy, Inc. 2021 Equity Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder by 2,000,000 shares at the 2026-03-19 meeting.

“Proposal 3: Approval of an amendment and restatement of the Enphase Energy, Inc. 2021 Equity Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder by 2,000,000 shares The amendment and restatement of the 2021 Plan was approved, on an advisory basis, by the following vote: Votes For Votes Against Abstentions Broker Non-Votes 65,817,412 17,853,291 127,392 20,707,210”

Enphase Energy, Inc. shareholders approved Advisory Vote on the Compensation of Named Executive Officers at the 2026-03-19 meeting.

“Proposal 2: Advisory Vote on the Compensation of Named Executive Officers The compensation of the Company’s named executive officers was approved, on an advisory basis, by the following vote: Votes For Votes Against Abstentions Broker Non-Votes 76,051,038 7,560,943 186,114 20,707,210”

Enphase Energy, Inc. shareholders approved Election of Directors at the 2026-03-19 meeting.

“Proposal 1: Election of Directors Jamie Haenggi, Benjamin Kortlang and Richard Mora were elected as directors to hold office until the 2029 Annual Meeting of Stockholders by the following vote: Nominee Votes For Votes Withheld Broker Non-Votes Jamie Haenggi 70,328,117 13,469,978 20,707,210 Benjamin Kortlang 36,219,753 47,578,342 20,707,210 Richard Mora 78,604,250 5,193,845 20,707,210”

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.

“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”

Enphase Energy, Inc. announced a restructuring with charges of approximately $17 million to $20 million affecting global workforce and contract manufacturing operations (approximately 17% of its global workforce - approximately 500 employees and contractors).

“7.25 million microinverter units per quarter, of which approximately 5 million units of capacity is in the United States. The Company estimates that it will incur approximately $17 million to $20 million in restructuring and asset impairment charges, of which approximately $14 million are expected to be incurred in the fourth quarter of 2024, and approximately $11”

Enphase Energy, Inc. shareholders approved Ratification of Appointment of Deloitte & Touche LLP at the 2024-05-15 meeting.

“The selection of Deloitte & Touche LLP by the Audit Committee of the Board as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 was ratified by the following vote: Votes For Votes Against Abstentions 109,343,016 2,159,450 359,943”

Enphase Energy, Inc. shareholders approved Advisory Vote on the Frequency of Stockholder Advisory Votes on Executive Compensation at the 2024-05-15 meeting.

“Annual stockholder votes on executive compensation was approved, on an advisory basis, by the following vote: One Year Two Years Three Years Abstain Broker Non-Votes 93,036,580 178,171 860,507 109,879 17,677,272”

Enphase Energy, Inc. shareholders approved Advisory Vote on the Compensation of Named Executive Officers at the 2024-05-15 meeting.

“The compensation of the Company’s named executive officers was approved, on an advisory basis, by the following vote: Votes For Votes Against Abstentions Broker Non-Votes 70,385,672 21,874,234 1,925,231 17,677,272”

Enphase Energy, Inc. shareholders approved Election of Directors: Badri Kothandaraman and Joseph Malchow at the 2024-05-15 meeting.

“Badri Kothandaraman and Joseph Malchow were elected as directors to hold office until the 2027 Annual Meeting of Stockholders by the following vote: Nominee Votes For Votes Withheld Broker Non-Votes Badri Kothandaraman 87,940,904 6,244,233 17,677,272 Joseph Malchow 65,488,513 28,696,624 17,677,272”

Mary Erginsoy was appointed as Vice President and Chief Accounting Officer at Enphase Energy, Inc..

“On April 19, 2024, Mary Erginsoy, 41, was appointed by the board of directors to serve as the Vice President and Chief Accounting Officer of Enphase Energy, Inc. (“Enphase”), effective April 24, 2024.”

Enphase Energy, Inc. reported the first quarter ended March 31, 2024 results: revenue $263.3 million, net income GAAP net loss of $16.1 million; non-GAAP net income of $48.0 million, EPS GAAP diluted loss per share of $0.12; non-GAAP diluted earnings per share of $0.35.

“today financial results for the first quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $263.3 million in the first quarter of 2024, along with 46.2% for non-GAAP gross margin. We shipped 1,382,195 microinverters, or approximately 603.6 megawatts DC, and 75.5 megawatt hours of IQ”

David Ranhoff departed as Executive Vice President and Chief Commercial Officer at Enphase Energy, Inc..

“On March 31, 2024, David Ranhoff, Executive Vice President and Chief Commercial Officer of Enphase Energy, Inc. (the “Company”), notified the Company of his intention to step down from his position at the Company, effective as of June 30, 2024.”

Enphase Energy, Inc. reported the fiscal year 2023 results: revenue $2,290,786, net income $438,936, EPS $3.08.

“fiscal year 2023 are provided below, compared with the prior year: (In thousands, except per share and percentage data) GAAP Non-GAAP FY 2023 FY 2022 FY 2023 FY 2022 Revenue $ 2,290,786 $ 2,330,853 $ 2,290,786 $ 2,330,853 Gross margin 46.2 % 41.8 % 47.1 % 42.6 % Operating expenses $ 612,647 $ 526,334 $ 382,115 $ 303,724 Operating income $ 445,741 $ 448,261 $”

Enphase Energy, Inc. reported the fourth quarter of 2023 results: revenue $302.6 million, net income $20.9 million, EPS $0.15.

“today financial results for the fourth quarter of 2023, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $302.6 million in the fourth quarter of 2023, along with 50.3% for non-GAAP gross margin. We shipped 1,595,677 microinverters, or approximately 660.1 megawatts DC, and 80.7 megawatt hours of IQ”

Enphase Energy, Inc. reported Q3 2023 results: revenue 551.1 million, net income 114.0 million, EPS 0.80.

“We reported quarterly revenue of $551.1 million in the third quarter of 2023, along with 48.4% for non-GAAP gross margin.”

Enphase Energy, Inc. reported second quarter ended June 30, 2023 results: revenue $711.1 million, net income GAAP net income of $157.2 million, EPS GAAP diluted earnings per share of $1.09.

“Financial highlights for the second quarter of 2023 are listed below: • Quarterly revenue of $711.1 million • GAAP gross margin of 45.5%; non-GAAP gross margin of 46.2% • GAAP operating income of $170.3 million; non-GAAP operating income of $230.5 million • GAAP net income of $157.2 million; non-GAAP net income of $205.6 million • GAAP diluted earnings per share of $1.09; non-GAAP diluted earnings per share of $1.47”

Enphase Energy, Inc. shareholders approved Ratification of Appointment of Deloitte & Touche LLP at the 2023-05-17 meeting.

“Proposal 3: Ratification of Appointment of Deloitte & Touche LLP The selection of Deloitte & Touche LLP by the Audit Committee of the Board as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was ratified by the following vote: Votes For Votes Against Abstentions 114,099,492 2,224,556 191,498”

Enphase Energy, Inc. shareholders approved Advisory Vote on the Compensation of Named Executive Officers at the 2023-05-17 meeting.

“Proposal 2: Advisory Vote on the Compensation of Named Executive Officers The compensation of the Company’s named executive officers was approved, on an advisory basis, by the following vote: Votes For Votes Against Abstentions Broker Non-Votes 88,321,855 12,242,311 184,847 15,766,533”

Enphase Energy, Inc. shareholders approved Election of Directors at the 2023-05-17 meeting.

“Proposal 1: Election of Directors Jamie Haenggi, Benjamin Kortlang and Richard Mora were elected as directors to hold office until the 2026 Annual Meeting of Stockholders by the following vote: Nominee Votes For Votes Withheld Broker Non-Votes Jamie Haenggi 94,078,208 6,670,805 15,766,533 Benjamin Kortlang 63,493,137 37,255,876 15,766,533 Richard Mora 92,436,510 8,312,503 15,766,533”

Enphase Energy, Inc. reported the first quarter of 2023 results: revenue $726.0 million, net income $146.9 million, EPS $1.02. Guidance initiated.

“Financial highlights for the first quarter of 2023 are listed below: • Quarterly revenue of $726.0 million • GAAP gross margin of 45.0%; non-GAAP gross margin of 45.7% • GAAP operating income of $167.7 million; non-GAAP operating income of $233.6 million • GAAP net income of $146.9 million; non-GAAP net income of $192.3 million • GAAP diluted earnings per share of $1.02; non-GAAP diluted earnings per share of $1.37”

David Ranhoff was appointed as Commercial Advisor at Enphase Energy, Inc..

“Upon his retirement, Mr. Ranhoff will transition from his current position to a part-time role as Commercial Advisor, effective July 1, 2023.”

David Ranhoff retired as Executive Vice President and Chief Commercial Officer at Enphase Energy, Inc..

“On March 25, 2023, David Ranhoff, Executive Vice President and Chief Commercial Officer of Enphase Energy, Inc. (the “Company”), notified the Company of his intention to retire from his position at the Company, effective as of June 30, 2023.”

Enphase Energy, Inc. reported the fiscal year 2022 results: revenue $2,330,853, net income $397,362, EPS $2.77.

“fiscal year 2022 are provided below, compared with the prior year: (In thousands, except per share and percentage data) GAAP Non-GAAP FY 2022 FY 2021 FY 2022 FY 2021 Revenue $ 2,330,853 $ 1,382,049 $ 2,330,853 $ 1,382,049 Gross margin 41.8 % 40.1 % 42.6 % 40.7 % Operating expenses $ 526,334 $ 338,590 $ 303,724 $ 220,918 Operating income $ 448,261 $ 215,832 $”

Enphase Energy, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $724.7 million, net income $153.8 million, EPS $1.06.

“today financial results for the fourth quarter of 2022, which included the summary below from its President and CEO, Badri Kothandaraman. We reported record quarterly revenue of $724.7 million in the fourth quarter of 2022, along with 43.8% for non-GAAP gross margin. We shipped 4,873,702 microinverters, or approximately 1,952.4 megawatts DC, and 122.1 megawatt hours of”

Jeff McNeil departed as Executive Vice President and Chief Operating Officer at Enphase Energy, Inc..

“Jeff McNeil, Executive Vice President and Chief Operating Officer of Enphase Energy, Inc. (the “Company”), notified the Company of his intention to retire next year, effective as of March 31, 2023, from his position at the Company.”

Jeff McNeil changed role as Chief Advisor at Enphase Energy, Inc..

“Mr. McNeil will transition from his current position to a full-time role as Chief Advisor, effective July 1, 2022.”

Mandy Yang was appointed as Chief Financial Officer at Enphase Energy, Inc..

“On February 5, 2022, Mandy Yang, who is currently serving as the Company’s Vice President, Chief Accounting Officer and Corporate Treasurer, was appointed by the Company’s Board of Directors to assume the additional role of Chief Financial Officer, effective February 15, 2022.”

Eric Branderiz departed as Executive Vice President and Chief Financial Officer at Enphase Energy, Inc..

“On February 2, 2022, Eric Branderiz, Executive Vice President and Chief Financial Officer of Enphase Energy, Inc. (the “Company”), notified the Company of his intention to retire from his position at the Company, effective February 14, 2022.”