Earnings ·
Reports Q3 revenue of $293.3 million and non-GAAP EPS of $0.41
ENPHEnphase Energy, Inc.
Enphase Energy reported third-quarter revenue of $293.3 million, a slight increase from the prior quarter's $291.9 million, driven by 1.42 million microinverter shipments and 129.9 MWh of battery sales. GAAP diluted earnings per share were $0.17, while non-GAAP diluted EPS reached $0.41, reflecting a gross margin of 45.0%. The company cited soft residential solar demand in the U.S. and seasonality in Europe as headwinds, though it highlighted progress on its IQ SST technology for AI data centers. Enphase provided fourth-quarter revenue guidance between $225 million and $255 million. Enphase Energy is a global energy technology company designing semiconductor-based power electronics for solar, storage, and EV charging.