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Segments

By segment

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Reportable Segment$36.08M-2.6%

Other financials

Income statement

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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

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Market cap$5.15B+30.7%
Enterprise value$5.23B+9.0%
P/E38.4×+15.9×
P/S3.9×+1.2×

Profitability

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

Returns & leverage

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

Where this comes from

Reported directly by Enphase Energy in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: Enphase Energy’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:29 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001463101-26-000081
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total other income, net10,3805,19826,16320,169
Income before income taxes61,89942,20548,03989,098
Income tax provision(25,820)(5,153)(19,366)(22,316)
Net income$36,079$37,052$28,673$66,782
Net income per share:
Basic$0.27$0.28$0.22$0.51
Diluted$0.27$0.28$0.22$0.50
Shares used in per share calculation:

Item 1. Financial Statements (unaudited)

FAQ

What is Enphase Energy's net income?
Enphase Energy (ENPH) reported net income of $36.08M in Q2 2026.
How has Enphase Energy's net income changed year-over-year?
Enphase Energy's net income decreased by 2.6% year-over-year, from $37.05M to $36.08M.
What is the long-term trend for Enphase Energy's net income?
Over 4 years (2021 to 2025), Enphase Energy's net income has grown at a 4.3% compound annual growth rate (CAGR), from $145.45M to $172.13M.
What does net income mean?
Net income as the starting point for the indirect method operating cash flow reconciliation.

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