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Enphase Energy ENPH Shares (Diluted)

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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:WeightedAverageNumberOfDilutedSharesOutstanding.

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
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:
Basic131,963131,031131,652131,447
Diluted135,122135,219132,788135,719

Item 1. Financial Statements (unaudited)

FAQ

What is Enphase Energy's shares (diluted)?
Enphase Energy (ENPH) reported shares (diluted) of 135.1M in Q2 2026.
How has Enphase Energy's shares (diluted) changed year-over-year?
Enphase Energy's shares (diluted) decreased by 0.1% year-over-year, from 135.2M to 135.1M.
What is the long-term trend for Enphase Energy's shares (diluted)?
Over 4 years (2021 to 2025), Enphase Energy's shares (diluted) has grown at a -1.5% compound annual growth rate (CAGR), from 572.1M to 539.3M.
What does shares (diluted) mean?
The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

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