Enphase Energy, Inc. (ENPH) Earnings History
Steady Earner17 years of earnings data (2009–2025) · Positive but moderate multi-year EPS trajectory
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Enphase Energy, Inc. (ENPH) Earnings Overview
As of June 23, 2026, Enphase Energy, Inc. (ENPH) reported trailing twelve-month net income of $135M, reflecting +72.0% year-over-year growth. The company earned $1.03 per diluted share over the past four quarters, with a net profit margin of 11.7%.
Looking at the long-term picture, ENPH's 5-year EPS compound annual growth rate (CAGR) stands at +6.3%, showing solid earnings momentum. The company achieved its highest annual net income of $439M in fiscal 2023.
Enphase Energy, Inc. maintains positive profitability with a gross margin of 46.6%, operating margin of 11.2%, and net margin of 11.7%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including SEDG (-$364M net income, -34.2% margin), FSLR ($1.67B net income, 29.3% margin), ARRY (-$67M net income, -4.1% margin), ENPH has outperformed on profitability metrics. Compare ENPH vs SEDG →
ENPH Earnings vs Peers
Earnings metrics vs comparable public companies
ENPH Historical Earnings Data (2009–2025)
17 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $172M | +67.7% | $165M | $1.29 | 11.7% | 11.2% |
| 2024 | $103M | -76.6% | $77M | $0.75 | 7.7% | 5.8% |
| 2023 | $439M | +10.5% | $446M | $3.08 | 19.2% | 19.5% |
| 2022 | $397M | +173.2% | $448M | $2.77 | 17.0% | 19.2% |
| 2021 | $145M | +8.5% | $216M | $1.02 | 10.5% | 15.6% |
| 2020 | $134M | -16.8% | $186M | $0.95 | 17.3% | 24.1% |
| 2019 | $161M | +1486.0% | $103M | $1.23 | 25.8% | 16.5% |
| 2018 | -$12M | +74.3% | $2M | $-0.12 | -3.7% | 0.5% |
| 2017 | -$45M | +33.0% | -$39M | $-0.54 | -15.8% | -13.8% |
| 2016 | -$67M | -205.5% | -$63M | $-1.34 | -20.9% | -19.4% |
| 2015 | -$22M | -174.2% | -$19M | $-0.49 | -6.2% | -5.4% |
| 2014 | -$8M | +68.9% | -$4M | $-0.19 | -2.3% | -1.3% |
| 2013 | -$26M | +32.2% | -$22M | $-0.62 | -11.1% | -9.5% |
| 2012 | -$38M | -18.4% | -$31M | $-1.24 | -17.6% | -14.4% |
| 2011 | -$32M | -48.3% | -$29M | $-0.82 | -21.6% | -19.2% |
| 2010 | -$22M | -28.7% | -$21M | $-19.27 | -35.3% | -33.6% |
| 2009 | -$17M | - | -$17M | $-14.98 | -83.8% | -82.7% |
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ENPH — Frequently Asked Questions
Quick answers to the most common questions about buying ENPH stock.
What is ENPH earnings per share (EPS)?
ENPH trailing twelve-month (TTM) diluted EPS is $1.03, reflecting +72.0% year-over-year growth. The 5-year EPS CAGR is +6.3%. Complete EPS history from 2009 to 2025 is available in the table on this page.
What is Enphase Energy, Inc.'s net income?
Enphase Energy, Inc. (ENPH) trailing twelve-month net income is $135M as of 2025. Earnings grew +72.0% year-over-year. Enphase Energy, Inc. has been profitable for 7 consecutive years.
Is ENPH profitable?
Yes, ENPH is profitable with a TTM net income of $135M and a net profit margin of +11.7%. Enphase Energy, Inc. has generated profits for 7 consecutive years.
What is ENPH's earnings growth rate?
ENPH compound annual EPS growth rates (CAGR): 1-Year: +72.0%, 3-Year: -22.5%, 5-Year: +6.3%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2009 to 2025.
What are ENPH's profit margins?
Enphase Energy, Inc. net profit margin is +11.7%, operating margin is +11.2%, and gross margin is +46.6%. Margins are within a typical range for the sector. Return on Equity is +17.9%.
Is ENPH growing earnings?
Yes, ENPH earnings are accelerating — EPS growth of +72.0% exceeds the 5-year CAGR of +6.3%. TTM net income reached $135M. Earnings momentum is strengthening.
What was ENPH's best earnings year?
Enphase Energy, Inc.'s highest annual net income on record is $439M, achieved in fiscal year 2023. Earnings history on this page spans 2009 to 2025 and includes all annual and quarterly figures.
What were ENPH's earnings last quarter?
ENPH's most recent reported quarter was Q1 2026. Net income was $-7M with diluted EPS of $-0.06. For a full breakdown of all quarters, see the quarterly earnings table on this page.