Financial Data and Key Metrics Changes - Enphase reported quarterly revenue of $343.3 million for Q4 2025, a decrease from Q3 2025, which included $20.3 million of safe harbor revenue [25][26] - Non-GAAP gross margin for Q4 was 46.1%, down from 49.2% in Q3, while GAAP gross margin was 44.3%, down from 47.8% in Q3 [26] - Non-GAAP net income for Q4 was $93.4 million, compared to $117.3 million in Q3, resulting in non-GAAP diluted earnings per share of $0.71 for Q4, down from $0.90 in Q3 [26][27] - The company exited Q4 with a total cash balance of $1.51 billion, slightly up from $1.48 billion at the end of Q3 [27] Business Line Data and Key Metrics Changes - Enphase shipped 1.55 million microinverters and 150 MWh of batteries in Q4, with a significant increase in overall sell-through of products by 21% compared to Q3 [5][8] - In the U.S., revenue decreased by 13% in Q4 compared to Q3, primarily due to a drop in safe harbor revenue [8] - In Europe, revenue decreased by 29% in Q4 compared to Q3, with sell-through decreasing by 23% [8] Market Data and Key Metrics Changes - The U.S. and international revenue mix for Q4 was 89% and 11%, respectively [8] - The company noted that the overall business environment in Europe remains challenging, with intense competition and pricing pressure [10][11] - In the Netherlands, the company sees a significant opportunity for battery retrofits, estimating a total opportunity of roughly $2 billion for batteries [9] Company Strategy and Development Direction - Enphase is focusing on innovation and quality to maintain healthy margins and market share in U.S. residential solar while expanding into commercial solar [23] - The company plans to launch its fifth-generation battery and IQ9 microinverters to lower system costs and strengthen solar economics [24] - Enphase is also investing in next-generation products and exploring new financing options like prepaid leases to drive solar and battery adoption [12][13] Management's Comments on Operating Environment and Future Outlook - Management expects Q1 2026 to mark the low point for underlying demand, with improvements anticipated through 2026, particularly in the second half [12] - Rising utility rates and new financing options are seen as tailwinds for growth, with management expressing optimism about the future [35][36] - The company is focused on controlling costs and aligning pricing to market realities while investing in product development [11][12] Other Important Information - Enphase plans to pilot an AI assistant for customers and installers to enhance system management [6] - The company is on track to scale non-China cell supply into battery production in the first half of 2026 [7] - Enphase has approximately $337 million of production tax credit receivable on its balance sheet, with plans to evaluate options for quicker payment [27][28] Q&A Session Summary Question: What is the expected cadence for Q2? - Management expects Q2 to be up compared to Q1, driven by rising utility rates and new financing options [35][36] Question: Can you provide updates on the ability to offset tariff impacts? - Management indicated that innovation in products like IQ9 and the fifth-generation battery will help offset the 5% reciprocal tariff impact [48][49] Question: What is the status of the prepaid lease pilot program? - The pilot is currently operational in four states with over 40 installers, and expansion will depend on the pilot's performance [54][55] Question: How are battery inventories in the channel? - Management reported that the channel is leaner than the normal 8-10 weeks, indicating good channel management [62] Question: Can you discuss the capabilities around VPPs? - Enphase is integrating all products to participate in VPPs, focusing on flexibility and value generation for homeowners [65][66]

Enphase Energy, Inc. (NASDAQ:ENPH) shares rallied in Tuesday's extended trading after the company released its fourth-quarter earnings report, beating estimates on the top and bottom lines. Here's a look at the key figures from the quarter. ENPH stock is moving. Watch the price action here.The Details: Enphase Energy reported quarterly earnings of 71 cents per share, which beat the Street estimate of 58 cents by 22.63%, according to data from Benzinga Pro.Quarterly revenue came in at $343.32 million, which ...

Enphase Energy Reports Financial Results for the Fourth Quarter of 2025 FREMONT, Calif., Feb. 3, 2026 - Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, announced today financial results for the fourth quarter of 2025, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $343.3 million in the fourth quarter of 2025, along with 46.1% for non-GAAP gross margin. We shipped approximately 1.55 million microinverters, or 682.6 m ...

FREMONT, Calif., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, announced today financial results for the fourth quarter of 2025, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $343.3 million in the fourth quarter of 2025, along with 46.1% for non-GAAP gross margin. We shipped approximately 1.55 million microinverters, or 682.6 megawatts DC, and 150.1 megawatt hours (MWh) of IQ® Ba ...

Market Overview - Stocks declined on Tuesday, with the S&P 500 falling over 1% and the Nasdaq dropping approximately 2% due to a selloff in technology stocks [1] - Financial stocks, including Blue Owl Capital, KKR, Apollo Global Management, and BlackRock, also experienced declines as the market reacted to potential software losers from AI [1] Company-Specific Updates - Nvidia's stock fell more than 3% on Tuesday, maintaining a flat performance over the past six months; CEO Jensen Huang denied rumors of a fraying relationship with OpenAI during an interview with Jim Cramer [1] - Eli Lilly's shares dropped nearly 4% ahead of its earnings report, influenced by Novo Nordisk's disappointing guidance for 2026, which included a projected sales decline of 5% to 13% year over year [1] - Novo Nordisk's stock fell over 15% after announcing it expects lower sales in the U.S. due to price pressures and increasing competition, suggesting a potential loss of market share to Eli Lilly [1] Housing Market Insights - Housing-related stocks saw a rally following a report indicating efforts to make entry-level home buying more affordable, involving companies like Lennar and Taylor Morrison Home [1] - Despite the broader market decline, Home Depot's shares rose nearly 1%, indicating potential benefits from a revived housing market [1] Upcoming Earnings Reports - Key earnings reports expected after Tuesday's close include Advanced Micro Devices, Super Micro, Chipotle, Enphase Energy, Amgen, Amcor, Prudential Financial, Mondelez, and Corteva [1] - Notable reports before Wednesday's opening bell include GE Healthcare, Uber, Boston Scientific, Johnson Controls, AbbVie, Bunge, and Fortive [1]

FREMONT, Calif., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today provided an update on the continued development of its IQ® Bidirectional EV Charging Platform, highlighting successful demonstrations, expanding global engagement, and ongoing validation across vehicles, homes, and grid environments in the United States and Europe. The DC-based IQ Bidirectional EV Charger is designed to connect to the direct current (DC) port of an electric vehic ...

Core Insights - Energy stocks have shown strong performance at the beginning of 2026, with the Energy Select Sector SPDR ETF (XLE) being the top performer among the 11 S&P 500 sector funds in January [1] Group 1: Energy Sector Performance - The Energy Select Sector SPDR ETF (XLE) was the best-performing sector fund in January 2026 [1]

Key Takeaways Earnings ESP of 6.54% suggests ENPH may beat Q4 expectations.New IQ Battery, EV Charger and microinverter shipments are likely to boost ENPH's Q4 performance.Tariff pressures and soft Europe demand may weigh on ENPH's margins and earnings.Enphase Energy, Inc. (ENPH) is scheduled to release its fourth-quarter 2025 results on Feb. 3, after market close. In the last reported quarter, the company delivered an earnings surprise of 45.16%. Let’s discuss the factors that are likely to be reflected in ...

Core Viewpoint - Enphase Energy is undergoing a restructuring to enhance efficiency and protect margins amid a challenging market environment, which has led to mixed investor sentiment regarding its future growth potential [2][6]. Company Overview - Enphase Energy, founded in 2006 and based in Fremont, California, specializes in energy technology, particularly in semiconductor-based microinverter technology for solar panels [1]. - The company has a market capitalization of approximately $5.23 billion and generates most of its revenue from the U.S. market [5]. Recent Developments - Enphase announced plans to cut around 160 jobs, representing under 6% of its workforce, and to shift roles to lower-cost regions, with restructuring costs estimated at $4.6 million [2]. - The company reported $410.4 million in revenue for Q3 2025, marking a 7.8% year-over-year increase and surpassing estimates [11]. - Non-GAAP EPS for Q3 rose nearly 38.5% year-over-year to $0.90, indicating strong profitability [11]. Market Conditions - The U.S. solar manufacturing and supply chain showed significant growth, with solar cell production increasing by 300% and module capacity rising by 37% by late 2025 [4]. - However, supply remains insufficient to meet domestic needs, and uncertainties regarding tax credits and tariffs complicate business planning [3]. Financial Performance - Enphase's non-GAAP gross margin for Q3 was 49.2%, with operating expenses slightly increasing to $78.5 million [13]. - The company ended Q3 with $1.48 billion in cash and marketable securities, generating $13.9 million in operating cash flow [13]. Analyst Sentiment - Analysts have mixed views on Enphase, with a consensus "Hold" rating among 32 analysts, while some upgrades have been noted, including a "Neutral" rating from Citi and a "Buy" from Goldman Sachs [19][20][21]. - The stock is currently trading above its consensus price target of $38.15, with a potential upside to a Street-high target of $67, suggesting a possible rally of 65.6% [22].

Core Insights - SunPower has launched a strategic initiative to enhance accessibility to home battery storage for American families through partnerships with The Cool Down, Palmetto, and Enphase Energy [1][2][4] Group 1: Strategic Initiative - The initiative aims to provide homeowners with access to premium battery systems and flexible financing options to make them more affordable [2] - The program is available to homeowners in 45 states, with priority access for existing SunPower customers [4] Group 2: Partnerships and Technology - The Cool Down is a media platform targeting homeowners seeking to reduce utility bills and gain energy independence [4][6] - Palmetto offers LightReach financing to eliminate upfront cost barriers, making battery storage more viable for homeowners [4][7] - Enphase Energy supplies the IQ Battery 10C, noted for its compact size, safety features, and superior warranty compared to competitors [4][8] Group 3: Market Context - Increasing weather events and energy independence concerns have led more families to recognize the value of battery systems for storing solar energy [3] - Battery systems enhance the value of existing solar installations and improve household resilience during grid outages [3]