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Enphase Energy ENPH Q2 2026 earnings

Reported July 28, 2026 · After market close

Revenue$291.9MBeat by $2.1M
EPS$0.46Miss by $0.01
Revenue estimate$289.8M
EPS estimate$0.47

Next report

Oct 27, 2026 (in 2 months)
Revenue estimate$305.1M
EPS estimate$0.48

Financials

Q2 2026

Income statement

See full
Revenue$291.9M-19.6%
Gross profit$175.0M+2.7%
Operating income$51.5M+39.2%
Net income$36.1M-2.6%
EPS (diluted)$0.27-3.6%

Balance sheet

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Cash & equivalents$529.3M+42.9%
Total debt$613.4M-50.3%
Total equity$1.2B+34.2%
Total assets$2.9B-8.2%

Cash flow

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Operating cash flow$40.3M+51.4%
CapEx$14.4M+74.3%
Free cash flow$25.9M+41.1%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$5.08B+3.4%
Enterprise value$5.16B-10.6%
P/E37.9×+9.8×
P/S3.8×+0.5×

Profitability

See full
Gross margin46.9%-1.3pp
Operating margin8.3%-3.4pp
Net margin10.1%-1.7pp
FCF margin11.5%-13.7pp

Returns & leverage

See full
Return on equity13%-6.8pp
Debt / equity0.5×-0.9×
Current ratio3.5×+1.5×

Segments

By segment

See full
Reportable Segment$291.9M-19.6%

By geography

See full
United States$226.8M—

FAQ

When did Enphase Energy report Q2 2026 earnings?
Enphase Energy (ENPH) reported Q2 2026 earnings on July 28, 2026 after market close.
What were Enphase Energy's Q2 2026 revenue and EPS?
Enphase Energy reported revenue of $291.9M and eps of $0.46 for Q2 2026.
Did Enphase Energy beat estimates in Q2 2026?
Revenue beat the consensus estimate of $289.8M by $2.1M. EPS missed the consensus estimate of $0.47 by $0.01.
Where can I find Enphase Energy's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001463101-26-000080) and the 10-Q periodic report (0001463101-26-000081) directly on SEC EDGAR. The filing index links above go to sec.gov.