Enphase(US:ENPH) ZACKS·2025-11-27 17:31Core Insights - Enphase Energy reported a strong Q3 2025 earnings performance, with adjusted earnings of 90 cents per share, a 38.5% increase year-over-year, and surpassing estimates by 45.2% [2][3] - The company's revenues reached $410.4 million, exceeding the Zacks Consensus Estimate by 13.4% and showing a 7.8% increase from the previous year [4] - Operational metrics showed significant improvements, including a record shipment of microinverters and IQ Batteries, and an adjusted gross margin increase to 49.2% [5] Financial Performance - Adjusted operating income rose to $123.4 million, reflecting a 21.7% increase from the prior year [5] - GAAP earnings were reported at 50 cents per share, up from 33 cents in the same quarter last year [2] - Cash and cash equivalents increased to $401.9 million as of September 30, 2025, compared to $369.1 million at the end of 2024 [6] Q4 Guidance - For Q4 2025, Enphase Energy expects revenues between $310 million and $350 million, with the Zacks Consensus Estimate at $368.5 million [7] - The company anticipates shipping IQ batteries in the range of 140-1600 MWh [7] - Adjusted operating expenses are projected to be between $77 million and $81 million, excluding certain costs [8] Market Sentiment - There has been a downward trend in estimates, with a consensus estimate shift of -34.43% in the past month [10] - Enphase Energy currently holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [12] - The stock has a poor Growth Score of F, but a better Momentum Score of C, resulting in an aggregate VGM Score of D [11]