Quarterly ResultJul 28, 2026, 04:12 PM
Enphase Energy Q2 Revenue $291.9M; GAAP EPS $0.27
AI Summary
Enphase Energy reported Q2 2026 financial results, with revenue increasing sequentially to $291.9 million and GAAP diluted EPS turning positive at $0.27, largely due to tariff refunds. Non-GAAP diluted EPS was $0.46. The company also highlighted strong progress in product development, including the launch of new microinverters and advancements in IQ® SST for AI data centers, alongside showcasing upcoming battery and EV charger technologies. For Q3 2026, Enphase expects revenue between $290.0 million and $320.0 million.
Key Highlights
- Reported Q2 2026 revenue of $291.9 million, up from $282.9 million in Q1 2026.
- GAAP diluted earnings per share (EPS) was $0.27, a significant improvement from -$0.06 in Q1 2026.
- Non-GAAP diluted EPS was $0.46, slightly down from $0.47 in Q1 2026.
- GAAP gross margin reached 60.0%, significantly boosted by $45.4 million in tariff refunds.
- Shipped approximately 1.59 million microinverters and 113.8 MWh of IQ Batteries.
- Launched IQ9S-3P Commercial Microinverter and IQ9N Residential Microinverter in key markets.
- Provided Q3 2026 revenue guidance of $290.0 million to $320.0 million.
- Ended the quarter with $937.7 million in cash, cash equivalents, and marketable securities.
Price Impact
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