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Enphase Energy Inc (ENPH)
NASDAQ:ENPH
Earnings Data
Report Date
Apr 28, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.45Last Year’s EPS
0.68Same Quarter Last Year
Moderate Buy
Based on 23 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a generally constructive outlook: Enphase reported solid revenue, strong free cash flow, a healthy cash balance and notable product progress (IQ9, PowerMatch, new EV charger and a 5th-gen battery roadmap). Management raised Q1 guidance and highlighted improving sell-through and channel lean. Counterbalancing this are meaningful margin headwinds from reciprocal tariffs (estimated ~5.1% impact), sequential declines in profitability metrics, regional weakness in Europe, increased inventory from taking vendor ownership and timing uncertainty on large PTC refunds plus a sizable convertible note maturing in March 2026. Overall the company appears financially stable and executing strategic product and go-to-market initiatives while managing near-term macro and timing challenges.Company Guidance
Solid Q4 Revenue and Shipments
Reported Q4 revenue of $343.3 million; shipped ~1.55 million microinverters (including ~1.31M from U.S. plants) and 150.1 MWh of IQ batteries; Q4 included $20.3M of safe-harbor revenue.
Strong Margins and Profitability (Non-GAAP)
Delivered non-GAAP gross margin of 46.1% (above the high end of prior guidance context) and non-GAAP operating income of $79.4M; non-GAAP net income $93.4M and non-GAAP diluted EPS $0.71.
Cash Generation and Balance Sheet Strength
Generated $37.8M free cash flow in Q4 and ~$95.9M FCF for 2025; exited Q4 with $1.51B in cash, cash equivalents and marketable securities.
Improving Demand Signals and Channel
U.S. product sell-through increased 21% Q4 vs Q3 to the highest level in >2 years; management expects Q1 to be low point for underlying demand and anticipates improvement through 2026; Q1 revenue guidance raised to $270M–$300M and is ~90% booked to midpoint.
Product & Technology Momentum
Began shipping IQ9 3P commercial microinverters (GaN-based) in December with >50,000 units ordered for Q1; launched PowerMatch (software) claiming up to 40% performance improvement; started shipping IQ EV Charger 2; fifth-generation battery targeting ~50% higher energy density and ~40% lower cost with pilots in Q3'26 and shipments in Q4'26.
Domestic Manufacturing & Tax Credit Positioning
Shipped ~1.31M domestically made microinverters from Texas and South Carolina and booked Section 45X production tax credits; shipped 51.1 MWh of IQ batteries from Texas meeting domestic content requirements to support TPO/FEOC eligibility.
Customer Service & Digital Enhancements
Global customer service NPS improved to 79% (from 77% in Q3) and average call wait was 1.6 minutes; piloted AI assistant in consumer app with planned rollout in Q1 and an installer AI pilot planned.
Strategic commercial & channel wins
Announced two TPO orders totaling $123M in Q4 (mix of 5% safe harbor and physical work test) and ongoing prepaid lease pilots with lenders and distribution partners across 4 states (~40 installers) to expand financing options.
ENPH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ENPH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $37.28 | $51.67 | +38.60% |
Oct 28, 2025 | $36.70 | $31.14 | -15.15% |
Jul 22, 2025 | $42.50 | $36.48 | -14.16% |
Apr 22, 2025 | $53.43 | $45.07 | -15.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Enphase Energy Inc (ENPH) report earnings?
Enphase Energy Inc (ENPH) is schdueled to report earning on Apr 28, 2026, TBA (Confirmed).
What is Enphase Energy Inc (ENPH) earnings time?
Enphase Energy Inc (ENPH) earnings time is at Apr 28, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ENPH EPS forecast?
ENPH EPS forecast for the fiscal quarter 2026 (Q1) is 0.45.
