Strong Financial Performance
Enphase reported quarterly revenue of $363.2 million, with a gross margin of 49% and operating income as a percentage of revenue at 27% on a non-GAAP basis.
Innovation and Product Development
Launched fourth-generation battery systems with a 30% increase in energy density and began development on the fifth generation, expected to deliver a 50% increase in energy density.
Global Expansion
Reported revenue growth in Europe by 11% and increased domestic battery production in Q2. The company is expanding its market presence in Australia, India, and Japan.
Customer Satisfaction
Increased global customer service NPS to 79% in Q2 from 77% in Q1, with average call wait time decreased to 1.8 minutes.