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Enphase Energy ENPH Business Segments — Operating Income (Loss)

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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:OperatingIncomeLoss.

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 — operating income (loss)?
Enphase Energy (ENPH) reported business segments — operating income (loss) of -$29.64M in Q1 2026.
How has Enphase Energy's business segments — operating income (loss) changed year-over-year?
Enphase Energy's business segments — operating income (loss) decreased by 192.9% year-over-year, from $31.92M to -$29.64M.
What is the long-term trend for Enphase Energy's business segments — operating income (loss)?
Over 3 years (2022 to 2025), Enphase Energy's business segments — operating income (loss) has grown at a -29.4% compound annual growth rate (CAGR), from $448.26M to $157.53M.
What does business segments — operating income (loss) mean?
This metric represents the core profitability of the business segment after accounting for all direct operating expenses, including cost of revenue, research and development, and sales and marketing. It serves as a primary indicator of the segment's operational efficiency and its ability to generate profit from its core solar and storage technology activities before interest and taxes.