Enphase Energy Q3 2026 net income drops 65% year over year to $23.39 million
ENPH•Enphase Energy’s third-quarter 2026 GAAP net income fell 65% year over year to $23.39 million, while revenue dropped 29% to $293.33 million. The company forecast fourth-quarter revenue of $225 million to $255 million.
1. Quarterly results and outlook
Enphase Energy’s third-quarter 2026 GAAP net income fell 65% year over year to $23.39 million, and revenue declined 29% to $293.33 million. U.S. sell-through fell 35% year over year, while European sell-through declined 12% sequentially. Fourth-quarter revenue is forecast at $225 million to $255 million, assuming sell-through declines 10% sequentially. IQ SST customer pilots remain scheduled for 2027, with commercial shipments expected to begin in 2028.
