Enphase Energy (NASDAQ:ENPH) Issues Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Enphase Energy (NASDAQ:ENPH) released its earnings results on Tuesday. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.19, FiscalAI reports. The business had revenue of $343.32 million during the quarter, compared to the consensus estimate of $340.45 million. Enphase Energy had a net margin of 12.93% and a return on equity of 25.67%. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS.

Here are the key takeaways from Enphase Energy’s conference call:

• Strong Q4 operating results: revenue of $343.3M, shipments of ~1.55M microinverters and 150 MWh of batteries, non-GAAP gross margin ~46% and free cash flow of $37.8M.
• Q1 guidance and bookings: revenue outlook $270–$300M (includes ~120 MWh of battery shipments and ~$35M safe-harbor), and management says ~90% booked to the midpoint while expecting Q1 to be the year’s demand trough with improvement through 2026.
• Tariff headwind: reciprocal tariffs reduced Q4 gross margins by ~5.1%, a material drag management plans to counter through product cost reductions and new higher-margin products but which remains a near-term pressure.
• Product and market expansion momentum: commercial IQ9 microinverter shipments underway (50k+ Q1 orders), PowerMatch software launched (claims up to 40% usable-energy improvement), IQ EV Charger 2 shipping, and a fifth‑generation stackable battery targeted to pilot in Q3/2026 and ship in Q4/2026.
• Liquidity, tax credits and upcoming debt: $1.51B cash/marketable securities, ~$337M of PTC receivables on the balance sheet, and a $632.5M convertible note maturing Mar 1, 2026 that management plans to settle with cash while pausing buybacks in Q4 to preserve flexibility.

Enphase Energy Stock Up 2.2%

Shares of NASDAQ:ENPH opened at $37.28 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.88 and a current ratio of 2.04. Enphase Energy has a 52-week low of $25.77 and a 52-week high of $70.78. The business’s 50 day simple moving average is $33.81 and its two-hundred day simple moving average is $34.42. The firm has a market cap of $4.88 billion, a P/E ratio of 25.71 and a beta of 1.37.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ENPH shares. Royal Bank Of Canada upgraded shares of Enphase Energy from a “sector perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a research report on Wednesday. Evercore ISI set a $33.00 price objective on Enphase Energy in a research report on Wednesday, October 29th. TD Cowen boosted their price objective on Enphase Energy from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday. Susquehanna reaffirmed a “neutral” rating on shares of Enphase Energy in a research note on Wednesday. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Enphase Energy in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat, Enphase Energy has an average rating of “Reduce” and a consensus price target of $42.54.

Insider Transactions at Enphase Energy

In related news, EVP Mandy Yang sold 6,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $33.01, for a total value of $198,060.00. Following the transaction, the executive vice president directly owned 68,987 shares in the company, valued at $2,277,260.87. This trade represents a 8.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thurman J. Rodgers sold 150,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $29.13, for a total transaction of $4,369,500.00. Following the sale, the director owned 1,733,596 shares of the company’s stock, valued at $50,499,651.48. This trade represents a 7.96% decrease in their position. The SEC filing for this sale provides additional information. 3.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ENPH. Arrowstreet Capital Limited Partnership grew its holdings in Enphase Energy by 2,335.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 798,090 shares of the semiconductor company’s stock worth $28,244,000 after buying an additional 765,322 shares in the last quarter. Legal & General Group Plc boosted its holdings in Enphase Energy by 51.3% during the 3rd quarter. Legal & General Group Plc now owns 611,176 shares of the semiconductor company’s stock worth $21,630,000 after acquiring an additional 207,321 shares during the last quarter. Man Group plc grew its stake in shares of Enphase Energy by 50.8% in the 2nd quarter. Man Group plc now owns 605,771 shares of the semiconductor company’s stock worth $24,019,000 after acquiring an additional 204,073 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Enphase Energy by 212.0% in the third quarter. Ameriprise Financial Inc. now owns 330,711 shares of the semiconductor company’s stock valued at $11,704,000 after purchasing an additional 224,705 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Enphase Energy by 1.5% in the third quarter. Swiss National Bank now owns 254,300 shares of the semiconductor company’s stock valued at $9,000,000 after purchasing an additional 3,700 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy News Roundup

Here are the key news stories impacting Enphase Energy this week:

• Positive Sentiment: Q4 results beat: Enphase reported Q4 EPS of $0.71 and revenue of $343.3M, topping analyst estimates and showing better-than-expected profitability metrics (net margin ~12.9%). This is the primary near-term catalyst supporting the uptick. Enphase Energy (ENPH) Surpasses Q4 Earnings and Revenue Estimates
• Positive Sentiment: Revenue guidance for Q1 raised/updated: management issued Q1 revenue guidance of $270M–$300M vs. consensus ~$262M, which signals demand stabilization in the near term and helps explain the intraday strength. Enphase Q1 guidance press release
• Positive Sentiment: Longer-term product roadmap: Enphase is targeting volume production of bidirectional EV chargers in Q4 2026 (Global IQ platform), which diversifies the product mix and provides a multi-year growth avenue if execution succeeds. Enphase Energy Demonstrates Global IQ Bidirectional EV Charging Platform
• Neutral Sentiment: BMO adjusts coverage to Hold with $41 PT: analyst Ameet Thakkar set a $41 price target and framed revenue as bottoming but flagged structural headwinds — a mixed analyst take that reduces downside visibility but stops short of a buy recommendation. Enphase Energy: Revenue Bottom in Sight but Structural Headwinds Anchor Hold Call
• Neutral Sentiment: Earnings call transcript available: the Q4 call provides management commentary on demand, margins, and inventory — important for parsing whether beats reflect one-time items or sustainable improvement. Enphase Q4 2025 Earnings Call Transcript
• Negative Sentiment: Workforce cuts: Enphase laid off roughly 160 employees (~6% of staff) — this can improve near-term margins but also signals weaker demand or restructuring risk, which investors may view as a warning about growth. Enphase lays off 160+ employees
• Negative Sentiment: Competitive/sector noise: a separate story of Chinese solar suppliers drawing interest from Tesla/SpaceX staff lifted Chinese solar stocks — increased focus on Chinese supply chains could intensify price competition or shift supply dynamics that affect Enphase’s market. Chinese solar stocks rally on reports Elon Musk’s Space X, Tesla staff visited suppliers
• Negative Sentiment: Relative underperformance: recent notes highlighted that ENPH underperformed peers recently, a reminder that the sector backdrop and investor rotation can limit upside even after beats. Enphase Energy underperforms peers

Enphase Energy Company Profile

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.