Jun 2026 (Q2 FY26) — Jul 28, 2026
Enphase Energy Q2 FY26 — Strong European Battery Growth and AI Data Center Progress
Read the full callEnphase Energy (ENPH) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Enphase Energy earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 283 | −20.6% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | -10.5 | −19.4 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | -7.4 | −124.9% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Price
$30.63 +0.03% · +$0.01
Performance −16.2% 1Y
1Y: $36.56 on 17 Oct 2025 → $30.63. High $72.33 (2 Jun 2026), low $26.12 (20 Nov 2025).
- Previous close
- $30.62
- 52-week range
- $26.12 – $72.33
- One year
- −18.49%
Overview
- Symbol
- ENPH
- Sector
- Energy
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — Apr 28, 2026
Enphase Q1 FY26 — Strong Safe Harbor & Europe Recovery, AI Data Center Entry
Read the full callEvery analysed call
Enphase Energy earnings calls (ENPH)
Financials
What the filings say
Net profit, year on year: −125% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 303 | 381 | 383 | 356 | 363 | 410 | 343 | 283 |
| Operating profit | 2 | 50 | 55 | 32 | 37 | 66 | 22 | -30 |
| Operating margin | 0.6% | 13.1% | 14.3% | 9.0% | 10.2% | 16.1% | 6.5% | −10.5% |
| Other income | 9 | 1 | 15 | 15 | 5 | 11 | 16 | 16 |
| Interest | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Profit before tax | 11 | 51 | 70 | 47 | 42 | 77 | 39 | -14 |
| Tax rate | 3.4% | 9.8% | 10.8% | 36.6% | 12.2% | 13.5% | −0.0% | 46.6% |
| Net profit | 11 | 46 | 62 | 30 | 37 | 67 | 39 | -7 |
| EPS ($ per share) | 0.08 | 0.34 | — | 0.23 | 0.28 | 0.51 | — | -0.06 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -346 | -185 | -51 | -406 | 17 | 46 | -245 | -204 |
| Total liabilities | 332 | 441 | 716 | 1,649 | 2,259 | 2,399 | 2,417 | 2,423 |
| Fixed assets | 21 | 29 | 43 | 82 | 111 | 168 | 148 | 137 |
| Investments | — | — | 0 | 897 | 1,140 | 1,406 | 1,253 | 1,039 |
| Total assets | 340 | 713 | 1,200 | 2,079 | 3,084 | 3,383 | 3,250 | 3,510 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 16 | 139 | 216 | 352 | 745 | 697 | 514 | 137 |
| Cash from investing | -19 | -15 | -26 | -1,220 | -372 | -366 | 128 | 107 |
| Cash from financing | 81 | 66 | 192 | 309 | -17 | -517 | -460 | -242 |
| Net cash flow | 77 | 190 | 383 | -560 | 354 | -184 | 175 | 10 |
| Capital expenditure | -4 | -15 | -21 | -52 | -46 | -110 | -34 | -41 |
| Free cash flow | 12 | 124 | 196 | 300 | 698 | 586 | 480 | 96 |
ENPH revenue by segment
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|
| Reportable | 100% | 100% | 100% | 100% | 100% | 100% | -19.6% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
ENPH operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Microinverters shipped | 1.41MWe reported quarterly revenue of $282.9 million, shipped 1.41 million microinverters and 103-megawatt hours of batteries and generated free cash flow of $83 million.Source: earnings call transcript | 1.59MWe 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.Source: earnings call transcript | +12.8% |
| Batteries shipped | 103 megawatt hoursWe reported quarterly revenue of $282.9 million, shipped 1.41 million microinverters and 103-megawatt hours of batteries and generated free cash flow of $83 million.Source: earnings call transcript | 113.8 megawatt hoursWe 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.Source: earnings call transcript | +10.5% |
| Net Promoter Score Customer service | 82%Our customer service NPS, Net Promoter Score, was 82% in Q1, a record for Enphase compared to 79% in Q4.Source: earnings call transcript | 80%Our global customer service NPS was 80% in the second quarter as compared to 82% in the first quarter.Source: earnings call transcript | -2 pt |
| IQ Batteries shipped Texas | 49.5 megawatt hoursWe shipped 49.5 megawatt hours of IQ Batteries from our Texas manufacturing facility in Q1.Source: earnings call transcript | 43 megawatt hoursWe also shipped 43-megawatt hours of IQ Batteries from our Texas facility in the second quarter.Source: earnings call transcript | -13.1% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- US 78% ↑ 3 pt
- Non Us 22%
As ENPH cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
42 filings between Oct 31, 2025 and Aug 14, 2026.
Open market
decisions to buy or sellPurchases
$1.11M
7 purchases by 2 insiders
Sales
$10.82M
8 sales by 3 insiders
13% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 13
- Award — granted as compensation
- 14
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Rodgers Thurman J | — | $10.36M | Mar 13, 2026 |
| Kothandaraman Badrinarayanan | $1.06M | — | May 26, 2026 |
| MORA RICHARD | — | $268.7K | Aug 14, 2026 |
| Yang Mandy | — | $198.1K | Dec 12, 2025 |
| Trivedi Shanker | $53.9K | — | Jun 12, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 14, 2026 | MORA RICHARD Director | Sale | 1,500 | $60.5K |
| Jul 30, 2026 | MORA RICHARD Director | Sale | 2,000 | $73.5K |
| Jun 12, 2026 | Trivedi Shanker Director | Purchase | 1,000 | $53.9K |
| Jun 11, 2026 | Trivedi Shanker Director | Award | 4,551 | $250.0K |
| Jun 1, 2026 | MORA RICHARD Director | Sale | 700 | $44.9K |
| May 26, 2026 | Kothandaraman Badrinarayanan President & CEO | Purchase | 4,400 | $296.4K |
| May 26, 2026 | Kothandaraman Badrinarayanan President & CEO | Purchase | 600 | $41.0K |
| May 19, 2026 | MORA RICHARD Director | Sale | 700 | $32.5K |
| May 13, 2026 | Rodgers Thurman J Director | Award | 5,952 | $0 |
| May 13, 2026 | GOMO STEVEN J Director | Award | 6,428 | $0 |
| May 13, 2026 | Haenggi Jamie Elizabeth Director | Award | 5,952 | $0 |
| May 13, 2026 | Kortlang Benjamin John Director | Award | 5,952 | $0 |
| May 13, 2026 | MORA RICHARD Director | Award | 5,952 | $0 |
| May 13, 2026 | Malchow Joseph Ian Director | Award | 5,952 | $0 |
| Mar 13, 2026 | Rodgers Thurman J Director | Sale | 137,250 | $5.99M |
| Mar 10, 2026 | Yang Mandy EVP, Chief Financial Officer | Tax withheld | 1,322 | $57.6K |
| Mar 1, 2026 | Kothandaraman Badrinarayanan President & CEO | Tax withheld | 5,935 | $250.9K |
| Mar 1, 2026 | Kothandaraman Badrinarayanan President & CEO | Tax withheld | 4,883 | $206.4K |
| Mar 1, 2026 | Kothandaraman Badrinarayanan President & CEO | Tax withheld | 7,122 | $301.0K |
| Mar 1, 2026 | Kothandaraman Badrinarayanan President & CEO | Tax withheld | 21,365 | $903.1K |
| Mar 1, 2026 | Yang Mandy EVP, Chief Financial Officer | Tax withheld | 1,664 | $70.3K |
| Mar 1, 2026 | Yang Mandy EVP, Chief Financial Officer | Tax withheld | 3,023 | $127.8K |
| Mar 1, 2026 | Yang Mandy EVP, Chief Financial Officer | Tax withheld | 3,721 | $157.3K |
| Mar 1, 2026 | Yang Mandy EVP, Chief Financial Officer | Tax withheld | 11,162 | $471.8K |
| Mar 1, 2026 | Erginsoy Mary VP, Chief Accounting Officer | Tax withheld | 464 | $19.6K |
| Mar 1, 2026 | Erginsoy Mary VP, Chief Accounting Officer | Tax withheld | 989 | $41.8K |
| Mar 1, 2026 | Erginsoy Mary VP, Chief Accounting Officer | Tax withheld | 1,791 | $75.7K |
| Mar 1, 2026 | Erginsoy Mary VP, Chief Accounting Officer | Tax withheld | 5,398 | $228.2K |
| Feb 10, 2026 | MORA RICHARD Director | Sale | 1,100 | $57.3K |
| Feb 5, 2026 | Kothandaraman Badrinarayanan President & CEO | Purchase | 750 | $38.3K |
| Feb 5, 2026 | Kothandaraman Badrinarayanan President & CEO | Purchase | 4,250 | $221.6K |
| Jan 29, 2026 | Kothandaraman Badrinarayanan President & CEO | Award | 33,000 | $0 |
| Jan 29, 2026 | Yang Mandy EVP, Chief Financial Officer | Award | 21,120 | $0 |
| Jan 29, 2026 | Erginsoy Mary VP, Chief Accounting Officer | Award | 10,560 | $0 |
| Jan 22, 2026 | Kothandaraman Badrinarayanan President & CEO | Award | 39,600 | $0 |
| Jan 22, 2026 | Yang Mandy EVP, Chief Financial Officer | Award | 21,120 | $0 |
| Jan 22, 2026 | Erginsoy Mary VP, Chief Accounting Officer | Award | 10,560 | $0 |
| Dec 12, 2025 | Yang Mandy EVP, Chief Financial Officer | Sale 10b5-1 plan | 6,000 | $198.1K |
| Dec 10, 2025 | Yang Mandy EVP, Chief Financial Officer | Tax withheld 10b5-1 plan | 1,319 | $43.3K |
| Dec 2, 2025 | Rodgers Thurman J Director | Sale | 150,000 | $4.37M |
| Nov 10, 2025 | Kothandaraman Badrinarayanan President & CEO | Purchase | 5,000 | $153.4K |
| Oct 31, 2025 | Kothandaraman Badrinarayanan President & CEO | Purchase | 10,000 | $309.3K |
| Sep 10, 2025 | Yang Mandy EVP, Chief Financial Officer | Tax withheld | 1,319 | $49.0K |
| Aug 6, 2025 | Kothandaraman Badrinarayanan President & CEO | Purchase | 5,000 | $154.1K |
| Jun 10, 2025 | Yang Mandy EVP, Chief Financial Officer | Tax withheld | 1,319 | $59.5K |
| Apr 25, 2025 | Kothandaraman Badrinarayanan President & CEO | Purchase | 4,000 | $185.4K |
| Mar 10, 2025 | Yang Mandy EVP, Chief Financial Officer | Sale | 1,319 | $83.5K |
| Mar 7, 2025 | Rodgers Thurman J Director | Sale | 100,000 | $6.13M |
| Mar 1, 2025 | Yang Mandy EVP, Chief Financial Officer | Tax withheld | 3,018 | $173.0K |
| Mar 1, 2025 | Erginsoy Mary VP, Chief Accounting Officer | Tax withheld | 463 | $26.5K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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