Enphase Energy Inc ( (ENPH) ) has released its Q1 earnings. Here is a breakdown of the information Enphase Energy Inc presented to its investors.
Enphase Energy, Inc., based in Fremont, California, is a global leader in energy technology, specializing in microinverter-based solar and battery systems that enable users to harness solar power efficiently. The company has revolutionized the solar industry with its innovative technology and comprehensive energy solutions.
In the first quarter of 2025, Enphase Energy reported a revenue of $356.1 million and a non-GAAP gross margin of 48.9%. The company shipped approximately 1.53 million microinverters and 170.1 megawatt hours of IQ Batteries. Despite a decline in U.S. revenue due to seasonal factors, European sales saw a 7% increase, driven by higher battery sales.
Key financial metrics for the quarter included a GAAP net income of $29.7 million and a non-GAAP net income of $89.2 million. The company generated a free cash flow of $33.8 million and ended the quarter with $1.53 billion in cash and marketable securities. Enphase also repurchased shares worth approximately $100 million and introduced several new products in the European market.
Looking ahead, Enphase Energy anticipates second-quarter revenues between $340 million and $380 million, with continued innovation in product offerings, including the launch of new battery and solar solutions. The company remains focused on expanding its market presence and enhancing its product lineup to meet growing global demand for sustainable energy solutions.