Enphase Energy Inc ( (ENPH) ) has released its Q2 earnings. Here is a breakdown of the information Enphase Energy Inc presented to its investors.
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Enphase Energy, Inc., headquartered in Fremont, California, is a global leader in energy technology, specializing in microinverter-based solar and battery systems that empower users to generate and manage their own power through a smart mobile app. The company has revolutionized the solar industry with its innovative technology and comprehensive energy solutions.
In its second quarter of 2025 financial results, Enphase Energy reported a revenue of $363.2 million, marking a slight increase from the previous quarter. The company achieved a non-GAAP gross margin of 48.6%, driven by strong sales of microinverters and IQ Batteries. Notably, Enphase shipped approximately 1.53 million microinverters and recorded a significant increase in battery shipments.
Key highlights from the quarter include the approval of the IQ Meter Collar by 29 U.S. utilities and the ramp-up of U.S. manufacturing, which saw the shipment of 1.41 million microinverters. The company also launched its fourth-generation Enphase Energy System, enhancing its product offerings with more energy-dense and cost-effective solutions. Additionally, Enphase expanded its IQ Battery and EV Charger shipments across Europe, Australia, and New Zealand, further solidifying its global presence.
Enphase Energy concluded the quarter with a robust cash position of $1.53 billion and generated a free cash flow of $18.4 million. Looking ahead, the company anticipates a revenue range of $330 million to $370 million for the third quarter of 2025, with continued focus on expanding its product reach and enhancing its digital platform to improve customer experience.
Overall, Enphase Energy remains committed to innovation and growth, with strategic initiatives aimed at strengthening its market position and delivering value to its customers worldwide.