Enphase Energy, Inc.

ENPH

$35.95

-0.99%

2026-09-04 12:08:55 EDT-$0.36

Energy

Solar

NASDAQ

Active Trading

Enphase Energy, Inc., along with its subsidiaries, is dedicated to developing, manufacturing, and distributing home energy solutions for the global solar photovoltaic ...

Price Action of ENPH

$35.95

-0.99%-$0.36

High—

Low—

52W High-51.2%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Enphase Energy, Inc. (NASDAQ: ENPH) is a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems. Founded in 2006 by Raghu Belur and Martin Fornage, the company is headquartered in Fremont, California, and has grown to approximately 2,872 employees. Enphase pioneered the semiconductor-based microinverter, ...Enphase Energy, Inc. (NASDAQ: ENPH) is a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems. Founded in 2006 by Raghu Belur and Martin Fornage, the company is headquartered in Fremont, California, and has grown to approximately 2,872 employees. Enphase pioneered the semiconductor-based microinverter, which converts energy at the individual solar module level, offering significant advantages over traditional string inverters in terms of efficiency, safety, and reliability. The company's core products include microinverters, AC battery storage systems (Enphase IQ Battery), the Envoy communications gateway, and the cloud-based Enlighten monitoring software, along with EV charging stations. These products are sold through a global network of distributors, large installers, OEMs, and directly to homeowners, as well as through an online store. Enphase's platform enables customers to monitor and manage their energy production and consumption in real-time via the Enphase App, providing unprecedented data and control. The company has deployed more than 5.3 million systems across over 165 countries, underscoring its global reach. Financially, Enphase has demonstrated strong performance with a market capitalization of about $5.5 billion as of the latest data, and robust profit margins (net profit margin of 10.1% TTM), although it faces challenges such as a high price-to-earnings ratio (41x TTM) and a recent decline in free cash flow. Key executives include CEO Badri Kothandaraman, CFO Mandy Yang, and Co-founder & Chief Products Officer Raghu Belur. Enphase continues to innovate in the renewable energy space, focusing on sustainable, intelligent home energy management and expanding its product ecosystem to meet evolving customer needs.ExpandCollapse

Founded

2006

Employees

2872

CEO

Badrinarayanan Kothandaraman

Full Name

Enphase Energy, Inc.

Sector

Energy

Industry

Solar

ROE

12.28%

Market Cap

$4.75B

Current Ratio

3.45

WACC

10.63%

ROIC

6.52%

Contact Information

https://www.enphase.com

877 774 7000

47281 Bayside Parkway, Fremont, CA 94538

Key Metrics of ENPH

Snapshot

Latest / TTM · 6 periods

Market Cap

$4.75B

ROCE

4.7%

EV / EBITDA

27.44x

-2.7% YoY

FCF Yield

3.2%

+0.9% YoY

Cash Conversion Cycle

158.3d

Current Ratio

3.45

Quick take

TTM —

Positive CCC

Financial Highlights of ENPH

Profitability trend

Latest / TTM · 6 periods

Gross Margin

46.9%

Net Margin

10.1%

P/E Ratio

35.60x

n/a

Debt / Equity

0.52

n/a

Current Ratio

3.45

Dividend Yield

0.0%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of ENPH

Upcoming

Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $2.00 · Revenue $1.19B · 15 analysts
Dec 31, 2027
FY2027 · Estimated annual results
Est. EPS $2.23 · Revenue $1.26B · 16 analysts
Jun 30, 2028
Q2 FY2028 · Estimated results
Est. EPS $0.67 · Revenue $348.53M · 6 analysts
Sep 30, 2028
Q3 FY2028 · Estimated results
Est. EPS $0.74 · Revenue $365.43M · 6 analysts

Recent history

Jul 28, 2026
Q2 FY2026 · Results reported
EPS $0.27 · Revenue $291.85M
View filing
Apr 28, 2026
Q1 FY2026 · Results reported
EPS $-0.06 · Revenue $282.90M
View filing
Feb 17, 2026
FY2025 · Annual results
EPS $1.29 · Revenue $1.47B
View filing
Oct 28, 2025
Q3 FY2025 · Results reported
EPS $0.50 · Revenue $410.43M
View filing
Jul 22, 2025
Q2 FY2025 · Results reported
EPS $0.28 · Revenue $363.15M
View filing
Apr 22, 2025
Q1 FY2025 · Results reported
EPS $0.22 · Revenue $356.08M
View filing

Financial Statements of ENPH

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$1.5B	+10.7%	+3.2%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$172.1M	+67.7%	+587.2%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+46.6%	-1.4%	+69.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+11.2%	+92.4%	+268.5%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+11.7%	+51.4%	+572.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$95.9M	-80.0%	-68.8%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+6.5%	-82.0%	-69.7%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	114.4%	-28.4%	-6.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	2.07x	-41.4%	-9.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$3.5B	+8.0%	+7.2%

Actual vs Estimate

A Dec 31Q Jun 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	1.29 vs 2.81	-54.0%	0.27 vs 0.67	-59.6%
Revenue Surprise	$1.5B vs $1.5B	+0.4%	$291.9M vs $348.5M	-16.3%

Insider Transactions of ENPH

Acquisitions (A)

Since May 13, 2026

Disposals (D)

Since May 13, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 14, 2026	MORA RICHARD	director	Common Stock	D	1,500	$40.36
Jul 30, 2026	MORA RICHARD	director	Common Stock	D	2,000	$36.76
Jun 12, 2026	Trivedi Shanker	director	Common Stock	A	1,000	$53.91
Jun 11, 2026	Trivedi Shanker	director	Common Stock	A	4,551	$54.93
Jun 11, 2026	Trivedi Shanker	director:	—	—	0	—

Earnings Call Transcript of ENPH

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good afternoon, everyone, and welcome to Enphase Energy's Second Quarter 26 Financial Results Conference Call. All participants will be in a listen-only mode. Should you need assistance, After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then 1 on your touch tone phones. To withdraw your questions, you may press star and 2. Please also note this event is being recorded. At this time, I would like to turn the floor over to Zachary Freedman with Enphase. Please go ahead. Zachary Freedman: Good afternoon, and thank you for joining us on today's conference call to discuss Enphase Energy's second quarter 26 results. On today's call are Badrinarayanan Kothandaraman, our President and Chief Executive Officer; Mandy Yang, our Chief Financial Officer and Raghuveer R. Belur, our Chief Products Officer. After the market closed today, Enphase issued a press release announcing the results for its second quarter ended 06/30/2026. During this conference call, Enphase management will make forward statements, including, but not limited to, statements related to our expected future financial performance, market trends, the capabilities of our technology and products, and the benefits to homeowners and installers, our operations, including manufacturing, customer service, and supply; and demand, anticipated growth in existing and new markets, including the TPO market; the timing of new product introductions and enhancements to existing products and regulatory, tax, tariff, and supply chain matters. These forward looking statements involve significant risks and uncertainties, and our actual results and the timing of events could differ materially from these expectations. For a more complete discussion of the risks and uncertainties, please see our most recent Form 10 k 10 Qs filed with the SEC. Caution you not to place any undue reliance on forward looking statements and undertake no duty or obligation to update any forward looking statements as a result of new information, future events, or changes in expectations. Also, note that financial measures used on this call are expressed on a non GAAP basis unless otherwise noted, and have been adjusted to exclude certain charges. We have provided a reconciliation of these non GAAP financial measures to GAAP financial measures in our earnings release furnished with the SEC on Form 8-K, which can also be found in the Investor Relations section of our website. Operator: Now I would like to introduce Badrinarayanan Kothandaraman, our President and Chief Executive Officer. Badrinarayanan? Badrinarayanan Kothandaraman: Good afternoon, and thank you for joining us today to discuss our second quarter 26 financial results. We reported quarterly revenue of $291.9 million shipped 1.59 million microinverters and 113.8 megawatt hours of batteries. And generated free cash flow of $25.9 million. Our Q2 revenue included $84.3 million of safe harbor revenue. We …

Leadership Team of ENPH

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Badrinarayanan Kothandaraman	President, Chief Executive Officer & Director	USD 757,334	Male	1973	Active
Mandy Yang	EVP & CFO	USD 576,242	Female	1976	Active
Martin Fornage	Co-Founder	USD 233,256	Male	1964	Active
Raghuveer R. Belur	SVP, Co-founder & Chief Products Officer	USD 164,881	Male	1968	Active
Lisan Hung	Senior Vice President, General Counsel & Corporate Secretary	—	Female	1969	Active
Zachary Freedman	Head of Investor Relations	—	Male	—	Active
Sabbas A. Daniel	Senior VP of Quality & Sales	—	Male	1963	Active
Mary Erginsoy	Vice President & Chief Accounting Officer	—	Female	1984	Active
Ron Swenson	Senior Vice President of Operations & VP of Supply Chain	—	Male	—	Active
Hans Van Antwerpen	SVP & CTO	—	Male	—	Active

Recent News of ENPH

Zacks Investment Research8/27/2026Neutral

Why Is Enphase Energy (ENPH) Up 9.5% Since Last Earnings Report?

Enphase Energy (ENPH) reported earnings 30 days ago. What's next for the stock?

GlobeNewsWire8/25/2026Neutral

Enphase Energy Helps Dutch Homeowners Act Before Net Metering Ends with Expanded Events and New Financing Access

FREMONT, Calif., Aug. 25, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced an expanded homeowner outreach effort in the Netherlands to help solar-only customers prepare for the end of net metering on Jan. 1, 2027, and understand how battery storage can help them maximize the value of their solar systems.

GlobeNewsWire8/20/2026Neutral

Enphase Energy Launches AI Assistant in the Enphase App, Bringing Agentic Intelligence to Home Energy Management

FREMONT, Calif., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced the availability of the Enphase® AI Assistant in the Enphase® App for homeowners.

Defense World8/20/2026Neutral

Enphase Energy, Inc. $ENPH Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its position in shares of Enphase Energy, Inc. (NASDAQ: ENPH) by 31.8% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 487,939 shares of the semiconductor company's stock after selling 227,853 shares during the period. Bank

Zacks Investment Research8/18/2026Neutral

3 Solar Stocks to Watch as Policy Shifts Reshape the Industry

FSLR, ENPH, TE: Strong solar demand faces policy and tariff headwinds, putting three stocks in focus as the U.S. market outlook evolves.

Historical Employee Count of ENPH

Current

2,872

Change

+3.27%

Minimum

2,260

Maximum

3,157

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	2,872	10-K	Feb 17, 2026	View
Dec 31, 2024	2,781	10-K	Feb 10, 2025	View
Dec 31, 2023	3,157	10-K	Feb 9, 2024	View
Dec 31, 2022	2,821	10-K	Feb 13, 2023	View
Dec 31, 2021	2,260	10-K	Feb 11, 2022	View

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Enphase Energy, Inc.