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Enphase Energy

ENPH

Enphase Energy is a global energy technology company that provides a unified platform for solar generation, energy storage, and energy management.

Market cap
$5.92B+4.9%
Revenue$1.4B-1.6%
Net income$135.0M-9.1%
Free cash flow$145.1M-69.3%
EPS (diluted)$1.00-7.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$290.0M
EPS estimate$0.45

Financials

Q1 2026

Income statement

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Revenue$282.9M-20.6%
Gross profit$100.4M-40.3%
Operating income-$29.6M-193%
Net income-$7.4M-125%
EPS (diluted)-$0.06-127%

Balance sheet

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Cash & equivalents$497.5M+19.9%
Total debt$612.1M-50.4%
Total equity$1.1B+36.0%
Total assets$2.7B-12.3%

Cash flow

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Operating cash flow$102.9M+112%
CapEx$19.9M+36.2%
Free cash flow$83.0M+145%

Valuation & ratios

Valuation

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Market cap$5.92B+4.9%
Enterprise value$6.03B-6.3%
P/E43.8×+11.9×
P/S4.2×+0.5×

Profitability

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Gross margin44.2%-3.7pp
Operating margin6.9%-2.9pp
Net margin9.6%-0.8pp
FCF margin10.4%-22.8pp

Returns & leverage

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Return on equity14.1%-3.0pp
Debt / equity0.6×-1.0×
Current ratio3.8×+1.9×

Segments

By segment

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Reportable Segment$282.9M-20.6%

Competitors

Profile

Enphase Energy is a global energy technology company that provides a unified platform for solar generation, energy storage, and energy management. The company pioneered semiconductor-based microinverter technology, which optimizes energy conversion at the individual solar module level to improve system performance and reliability. Its core value proposition centers on a high-technology, networked approach that integrates solar, batteries, and EV charging into a single intelligent ecosystem.

Competitive position

Enphase is a market leader in the microinverter category, distinguishing itself through a semiconductor-based systems approach that eliminates single points of failure common in traditional string inverter architectures.

GeographiesUnited States, Europe, Australia, Canada, Mexico, India, Brazil
Customer segmentsResidential, Commercial, Utilities, Solar Installers
Business modelHardware-enabled software, Manufacturing, B2B2C, Subscription services
SuppliersSemiconductor manufacturers, Battery cell suppliers, Electronic component manufacturers, Contract manufacturing facilities
CustomersSolar distributors, Solar installers, Original Equipment Manufacturers (OEMs), Strategic partners, Homeowners
Listed2012
Employees3.2K
CEOBadrinarayanan Kothandaraman
SectorEnergy
IndustrySolar
FilingsSEC EDGAR

Questions, answered.

What is Enphase Energy's market cap?
Enphase Energy (ENPH) has a market capitalization of $5.9B and trades on NASDAQ.
What is Enphase Energy's revenue and profitability?
Enphase Energy generated $1.4B in trailing twelve-month revenue with net income of $135.0M, representing a net margin of 9.6%. Gross margin stands at 44.2%, with free cash flow of $145.1M. These figures are based on the Q1 2026 filing.
Who are Enphase Energy's competitors?
Enphase Energy's key competitors include SolarEdge Technologies, Inc., Tesla, Inc., ChargePoint Holdings, Inc., and others. These companies compete in similar markets and product categories.
Who does Enphase Energy partner with?
Enphase Energy's notable partners include National Renewable Energy Laboratory.
Where is Enphase Energy headquartered?
Enphase Energy is headquartered in United States of America and employs approximately 3,157 people. It has been publicly traded since 2012.