Enphase Energy Q2 revenue slightly beats estimates, adjusted EPS in line
ENPH•Outlook
- Enphase Energy sees Q3 2026 revenue between $290 mln and $320 mln
- Company expects Q3 GAAP gross margin of 42% to 45%, including 2 percentage points tariff impact
- Enphase Energy expects Q3 non-GAAP operating expenses of $76 mln to $80 mln
Overview
- Solar microinverter maker's Q2 revenue slightly beat analyst expectations, adjusted EPS met consensus
- Adjusted net income for Q2 missed analyst expectations
- Company reported U.S. revenue down 3% and Europe revenue up 35% yr/yr
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Beat* | $291.90 mln | $289.89 mln (21 Analysts) |
| Q2 Adjusted EPS | Meet | $0.46 | $0.46 (21 Analysts) |
| Q2 EPS | $0.27 | ||
| Q2 Adjusted Net Income | Miss | $61.5 mln | $66.14 mln (15 Analysts) |
| Q2 Net Income | $36.1 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst coverage
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 11 "strong buy" or "buy", 20 "hold" and 4 "sell" or "strong sell"
