Enphase Energy is navigating a challenging demand environment, with revenue declining 19.6% year-over-year in Q2 2026 to $291.9M, yet gross margin rebounded to 60.0% in the same quarter, partly due to 45X manufacturing credits. The company's asset-light model ...
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Revenue declined 19.6% year-over-year to $291.9M in Q2 2026, while gross margin swung to 60.0% from 35.5% in Q1 2026, reflecting volatile 45X credits and inventory write-downs, yet operating margin of 17.7% indicates limited operating leverage.
Enphase Energy's Q1 is expected to mark the bottom for solar demand, with sequential improvement anticipated through 2026.
The company declared that the worst of the residential solar downturn is officially over, signaling a recovery.
Enphase offers advanced microinverters, battery storage, EV charging, and energy monitoring, creating a comprehensive energy solution.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 28, 2026 | $0.46-2.4% vs $0.47 | $292M+0.7% vs $290M |
Q2 2026 Apr 28, 2026 | $0.47-0.2% vs $0.47 | $283M+0.2% vs $282M |
Q1 2026 Feb 3, 2026 | $0.71+31.5% vs $0.54 | $343M+1.4% vs $338M |
Q4 2025 Oct 28, 2025 | $0.90+45.2% vs $0.62 | $410M+21.2% vs $339M |
Enphase Energy (ENPH) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
FREMONT, Calif., Sept. 21, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced that the Enphase® IQ® Meter Collar is now approved for behind-the-meter installation by 80 utilities that collectively serve more than 38 million customers across the United States and Canada.
Enphase Energy (NASDAQ:ENPH | ENPH Price Prediction) is sliding again on Friday, giving back part of a bounce that formed earlier in the week. The Invesco Solar ETF (NYSEARCA:TAN) is down 2%.
In the latest trading session, Enphase Energy (ENPH) closed at $35.56, marking a -3.16% move from the previous day.
Benchmark ENPH against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Enphase Energy, Inc. (ENPH)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $34.42 | $4.55B | 26.68 | 10.72% | 11.69% | 17.93% | — | |
| $36.08 | $2.19B | -5.23 | 31.39% | -20.29% | -62.5% | — | |
| $200.78 | $21.57B | 14.13 | 24.09% | 32.47% | 18.02% | — | |
| $3.96 | $609.15M | -5.42 | 40.22% | -7.25% | -27.96% | — | |
| $8.15 | $1.37B | 40.75 | 19.07% | 5.41% | 5.29% | — | |
| $209.90 | $10.05B | 636.06 | 2.49% | -0.63% | -0.78% | — |
Enphase Energy, Inc. (ENPH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Enphase Energy, Inc. (ENPH) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 28, 2026·SEC
Jun 18, 2026·SEC
Jun 15, 2026·SEC
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Enphase Energy, Inc. (ENPH) stock FAQ — growth, dividends, profitability & financials explained
Enphase Energy, Inc. (ENPH) reported $1.33B in revenue for fiscal year 2025. This represents a 6479% increase from $20.2M in 2009.
Enphase Energy, Inc. (ENPH) grew revenue by 10.7% over the past year. This is steady growth.
Yes, Enphase Energy, Inc. (ENPH) is profitable, generating $134.0M in net income for fiscal year 2025 (11.7% net margin).
Enphase Energy, Inc. (ENPH) has a return on equity (ROE) of 17.9%. This is reasonable for most industries.
Enphase Energy, Inc. (ENPH) generated $152.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
