Strong Financial Performance
Enphase reported quarterly revenue of $382.7 million, with a gross margin of 53% and generated free cash flow of $159 million.
Successful U.S. Market Growth
U.S. revenue increased by 6% in Q4 compared to Q3, driven by an 11% increase in microinverter sales.
New Product Introductions
Introduction of IQ Battery 5P, IQ8X and IQ8P microinverters, and IQ EV chargers in various markets.
Geographic Expansion
Expanding presence in Europe, India, Vietnam, Malaysia, Thailand, and the Philippines with new products.
Improved Customer Service Metrics
Net Promoter Score at 78%, with average call wait time dropping to 2.8 minutes from 4.4 minutes.