The call highlighted Enphase's strong revenue performance and innovative product launches, particularly in Europe. However, the company faces challenges such as declining US revenue, tariff impacts, and increased operating expenses. Despite these challenges, the company's strategic initiatives and product innovations provide a positive outlook for future growth.
Company Guidance
During the Enphase Energy Q1 2025 earnings call, guidance for Q2 was provided, with expectations for revenue to range between $340 million and $380 million, including approximately $40 million from Safe Harbor revenue. The company anticipates shipping 160 to 180 megawatt hours of IQ Batteries in Q2. Gross margin is projected to be between 42% and 45% on a GAAP basis and 44% to 47% on a non-GAAP basis, with a 2% tariff impact included. Enphase expects to ship 1 million US-made microinverters, contributing $30 million to $33 million in net IRA benefits. Operating expenses are forecasted at $136 million to $140 million on a GAAP basis and $78 million to $82 million on a non-GAAP basis. The company is 80% booked to the midpoint of the guidance range, illustrating continued strong demand and strategic inventory management amid tariff challenges and macroeconomic headwinds.
Strong Quarterly Revenue
Enphase Energy reported Q1 2025 revenue of $356.1 million, with shipments of approximately 1.53 million microinverters and 170.1 megawatt hours of batteries.
High Gross Margin
The company delivered a gross margin of 49% on a non-GAAP basis, including net IRA benefits.
Innovative Product Launches
Enphase introduced several new products, including the fourth generation IQ Battery, IQ EV Charger, and IQ9 microinverters, designed to enhance efficiency and expand market opportunities.
Expansion in Europe
Despite challenges, Enphase saw a 7% increase in revenue in Europe, driven by the launch of FlexPhase batteries in Germany.
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Enphase Energy (ENPH) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
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ENPH Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Apr 22, 2025
$53.43
$45.07
-15.65%
Feb 04, 2025
$66.25
$65.26
-1.49%
Oct 22, 2024
$92.23
$78.47
-14.92%
Jul 23, 2024
$103.64
$116.91
+12.80%
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.
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FAQ
When does Enphase Energy (ENPH) report earnings?
Enphase Energy (ENPH) is schdueled to report earning on Jul 29, 2025, TBA Not Confirmed.
What is Enphase Energy (ENPH) earnings time?
Enphase Energy (ENPH) earnings time is at Jul 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.