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Enphase Energy ENPH Business Segments — Net revenues

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Other financials

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

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Market cap$6.89B-39.7%
Enterprise value$7B-43.9%
P/E51×-25.9×
P/S4.9×-3.1×

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×

Where this comes from

Reported directly by Enphase Energy in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Enphase Energy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Enphase Energy's business segments — net revenues?
Enphase Energy (ENPH) reported business segments — net revenues of $282.9M in Q1 2026.
How has Enphase Energy's business segments — net revenues changed year-over-year?
Enphase Energy's business segments — net revenues decreased by 20.6% year-over-year, from $356.08M to $282.9M.
What is the long-term trend for Enphase Energy's business segments — net revenues?
Over 3 years (2022 to 2025), Enphase Energy's business segments — net revenues has grown at a -14.2% compound annual growth rate (CAGR), from $2.33B to $1.47B.
What does business segments — net revenues mean?
Represents the total gross revenue generated by the company's primary business segment from the sale of solar energy technology products and services. This metric reflects the core market demand for the company's microinverter and energy storage platforms. It serves as a key indicator of the company's top-line growth and market penetration within the renewable energy sector.