Enphase (ENPH) Loses 15% on Lower-Than-Expected Revenue Growth Outlook

Core Insights - Enphase Energy, Inc. (NASDAQ:ENPH) has experienced a significant decline in stock price, dropping 15.15% to close at $31.14 due to a revenue outlook for Q4 that fell below analyst expectations [1][3] - The company anticipates Q4 revenues to be between $310 million and $350 million, which is lower than the consensus estimate of $374.4 million [2] - Enphase's GAAP gross margin has been revised to a range of 40% to 43%, impacted by reciprocal tariffs, compared to the previous estimate of 41% to 44% [3] Financial Performance - In Q3, Enphase reported a net income increase of 45.5%, rising to $66.6 million from $45.76 million year-on-year [3] - Net revenues for the same period grew by 7.6% to $410 million, up from $380.87 million, driven by higher demand and revenues from safe harbor [4]