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Invest in ENPH
$39.64
+1.64 (+4.30%)
At Close: May 23, 2025
Enphase Earnings Calls
Q1 2025
Missed
$0.680 (-4.23%)
| Release date | Apr 22, 2025 |
| EPS estimate | $0.710 |
| EPS actual | $0.680 |
| EPS Surprise | -4.23% |
| Revenue estimate | 360.642M |
| Revenue actual | 356.084M |
| Revenue Surprise | -1.26% |
Q4 2024
Beat
$0.94 (30.56%)
| Release date | Feb 04, 2025 |
| EPS estimate | $0.720 |
| EPS actual | $0.94 |
| EPS Surprise | 30.56% |
| Revenue estimate | 377.506M |
| Revenue actual | 382.713M |
| Revenue Surprise | 1.38% |
Q3 2024
Missed
$0.650 (-16.67%)
| Release date | Oct 22, 2024 |
| EPS estimate | $0.780 |
| EPS actual | $0.650 |
| EPS Surprise | -16.67% |
| Revenue estimate | 379.15M |
| Revenue actual | 380.873M |
| Revenue Surprise | 0.454% |
Q2 2024
Missed
$0.430 (-12.97%)
| Release date | Jul 23, 2024 |
| EPS estimate | $0.494 |
| EPS actual | $0.430 |
| EPS Surprise | -12.97% |
| Revenue estimate | 309.728M |
| Revenue actual | 303.458M |
| Revenue Surprise | -2.02% |
Last 4 Quarters for Enphase
Below you can see how ENPH performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q2 2024
Missed
| Release date | Jul 23, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $103.64 |
| EPS estimate | $0.494 |
| EPS actual | $0.430 |
| EPS surprise | -12.97% |
| Date | Price |
|---|---|
| Jul 17, 2024 | $111.15 |
| Jul 18, 2024 | $107.95 |
| Jul 19, 2024 | $105.46 |
| Jul 22, 2024 | $104.74 |
| Jul 23, 2024 | $103.64 |
| Jul 24, 2024 | $116.91 |
| Jul 25, 2024 | $117.52 |
| Jul 26, 2024 | $119.34 |
| Jul 29, 2024 | $113.72 |
| 4 days before | -6.76% |
| 4 days after | 9.73% |
| On release day | 12.80% |
| Change in period | 2.31% |
Q3 2024
Missed
| Release date | Oct 22, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $92.23 |
| EPS estimate | $0.780 |
| EPS actual | $0.650 |
| EPS surprise | -16.67% |
| Date | Price |
|---|---|
| Oct 16, 2024 | $93.13 |
| Oct 17, 2024 | $91.57 |
| Oct 18, 2024 | $91.64 |
| Oct 21, 2024 | $90.42 |
| Oct 22, 2024 | $92.23 |
| Oct 23, 2024 | $78.47 |
| Oct 24, 2024 | $81.10 |
| Oct 25, 2024 | $83.83 |
| Oct 28, 2024 | $84.68 |
| 4 days before | -0.97% |
| 4 days after | -8.19% |
| On release day | -14.92% |
| Change in period | -9.07% |
Q4 2024
Beat
| Release date | Feb 04, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $66.25 |
| EPS estimate | $0.720 |
| EPS actual | $0.94 |
| EPS surprise | 30.56% |
| Date | Price |
|---|---|
| Jan 29, 2025 | $60.87 |
| Jan 30, 2025 | $62.05 |
| Jan 31, 2025 | $62.28 |
| Feb 03, 2025 | $63.91 |
| Feb 04, 2025 | $66.25 |
| Feb 05, 2025 | $65.27 |
| Feb 06, 2025 | $66.51 |
| Feb 07, 2025 | $63.35 |
| Feb 10, 2025 | $63.05 |
| 4 days before | 8.84% |
| 4 days after | -4.83% |
| On release day | -1.49% |
| Change in period | 3.58% |
Q1 2025
Missed
| Release date | Apr 22, 2025 |
| Fiscal end date | Mar 31, 2025 |
| Price on release | $53.43 |
| EPS estimate | $0.710 |
| EPS actual | $0.680 |
| EPS surprise | -4.23% |
| Date | Price |
|---|---|
| Apr 15, 2025 | $53.07 |
| Apr 16, 2025 | $51.75 |
| Apr 17, 2025 | $52.54 |
| Apr 21, 2025 | $51.62 |
| Apr 22, 2025 | $53.43 |
| Apr 23, 2025 | $45.07 |
| Apr 24, 2025 | $45.75 |
| Apr 25, 2025 | $46.83 |
| Apr 28, 2025 | $46.47 |
| 4 days before | 0.678% |
| 4 days after | -13.03% |
| On release day | -15.65% |
| Change in period | -12.44% |
Enphase Earnings Call Transcript Summary of Q1 2025
Here's a summary of the key points from Enphase Energy's First Quarter 2025 earnings call, which may be relevant for investors:
Financial Performance
- Q1 Revenue: $356.1 million, with a gross margin of 49% (non-GAAP).
- Product Shipments: Approximately 1.53 million microinverters and 170.1 MWh of batteries shipped.
- Free Cash Flow: Generated $33.8 million.
- Seasonality Impact: Q1 experienced a 13% revenue decline from Q4, attributed to seasonality and customer demand challenges.
Product and Market Updates
- Domestic Manufacturing: Enphase's global capacity for microinverters is 7.25 million per quarter, with 5 million in the US. Approximately 1.21 million microinverters were shipped from US contract manufacturers in Q1.
- Battery Production: The company is ramping up production of the new generation IQ Battery in the US, having shipped 44 MWh from Texas in Q1.
- Tariff Impact: Newly imposed tariffs (145% on imports from China) will have minimal impact on microinverters but affect batteries, reducing gross margin by approximately 2% in Q2. An expected total gross margin impact of 6-8% in Q3 as effects of tariffs take full effect.
Regional Insights
- US Market: Notable decrease in demand linked to seasonality and challenges faced by a large lease provider. Transitioning market focus to battery solutions as an encouraging trend.
- International Markets: Q1 saw a 7% revenue increase in Europe, primarily driven by new product introductions. However, challenges remain, particularly in France due to recent utility rate cuts.
Guidance and Outlook
- Q2 Revenue Guidance: Estimated in the range of $340 million to $380 million, including $40 million from safe harbor sales.
- Battery Shipments: Expected between 160-180 MWh for Q2.
- Gross Margin Expectations: Anticipated GAAP gross margin between 42-45% for Q2 and non-GAAP gross margin between 44-47%.
- Steady Improvement Forecast: The company expects gross margin impacts from tariffs to gradually lessen by Q2 2026 as new sourcing options are developed.
New Products and Innovations
- Upcoming Products: Launch of fourth-generation IQ Battery and new functionalities for existing products aimed at improving energy resilience and storage efficiency.
- Market Expansion: Plans to introduce the IQ EV charger to new regions and expand the product portfolio across multiple European countries.
Conclusion
- Strategic Focus: While facing macroeconomic challenges, Enphase is committed to continuous product innovation, improving customer service, and adapting its supply chain management to mitigate tariff impacts.
- Long-Term Vision: The company aims to capture increased market share amid rising utility prices and encourage demand growth by enhancing competitiveness with advanced product offerings.
Investors should monitor these developments closely, particularly the impacts of tariffs, product launches, and changing market dynamics in the solar energy sector.
Enphase Earnings History
Earnings Calendar
FAQ
When is the earnings report for ENPH?
Enphase (ENPH) has scheduled its earnings report for Jul 22, 2025 after the markets close.
What is the ENPH price-to-earnings (P/E) ratio?
ENPH P/E ratio as of May 23, 2025 (TTM) is 42.00.
What is the ENPH EPS forecast?
The forecasted EPS (Earnings Per Share) for Enphase (ENPH) for the first fiscal quarter 2025 is $0.620.
What are Enphase's retained earnings?
On its balance sheet, Enphase reported retained earnings of $356.08 million for the latest quarter ending Mar 31, 2025.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
