ENPHNasdaqSemiconductors & Related DevicesFiscal year ends December 31

Enphase Energy, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 28, 2026

$30.63+0.01 (+0.03%)

Close on Oct 19, 2026

Market cap: $4.14B
P/E (TTM): 30.9
Dividend yield: –

Enphase Energy, Inc. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	TTM Q2 2026 2026-06-30	TTM Q1 2026 2026-03-31	TTM FY 2025 2025-12-31	TTM Q3 2025 2025-09-30	TTM Q2 2025 2025-06-30	TTM Q1 2025 2025-03-31	TTM FY 2024 2024-12-31	TTM Q3 2024 2024-09-30	TTM Q2 2024 2024-06-30	TTM Q1 2024 2024-03-31	TTM FY 2023 2023-12-31	TTM Q3 2023 2023-09-30	TTM Q2 2023 2023-06-30	TTM Q1 2023 2023-03-31	TTM FY 2022 2022-12-31	TTM Q3 2022 2022-09-30	TTM Q2 2022 2022-06-30	TTM Q1 2022 2022-03-31	TTM FY 2021 2021-12-31	TTM Q3 2021 2021-09-30	TTM Q2 2021 2021-06-30	TTM Q1 2021 2021-03-31	TTM FY 2020 2020-12-31	TTM Q3 2020 2020-09-30	TTM Q2 2020 2020-06-30	TTM Q1 2020 2020-03-31	TTM FY 2019 2019-12-31	TTM Q3 2019 2019-09-30	TTM Q2 2019 2019-06-30	TTM Q1 2019 2019-03-31	TTM FY 2018 2018-12-31	TTM Q3 2018 2018-09-30	TTM Q2 2018 2018-06-30	TTM Q1 2018 2018-03-31	TTM FY 2017 2017-12-31	TTM Q3 2017 2017-09-30	TTM Q2 2017 2017-06-30	TTM Q1 2017 2017-03-31	TTM FY 2016 2016-12-31	TTM Q3 2016 2016-09-30
Revenue	1,329	1,400	1,473	1,512	1,483	1,423	1,330	1,250	1,420	1,828	2,291	2,713	2,796	2,616	2,331	2,019	1,736	1,522	1,382	1,234	1,061	871	774	720	721	730	624	507	405	346	316	304	303	301	286	297	309	313	323	298
Cost of Revenue	705	781	786	779	768	741	701	673	759	981	1,232	1,490	1,568	1,492	1,356	1,192	1,036	913	828	721	593	482	428	418	450	461	403	335	272	237	222	218	226	234	230	244	256	260	265	240
Gross Profit	624	619	687	733	715	682	629	578	661	848	1,058	1,222	1,228	1,124	975	827	700	608	554	513	468	388	346	302	272	269	221	172	132	109	94	85	76	67	56	53	53	53	58	57
Research & Development	184	184	189	193	194	197	201	206	213	224	227	222	211	190	169	151	136	119	106	90	75	66	56	51	47	44	40	37	34	33	33	33	33	31	33	36	42	47	51	52
Selling, General & Admin	324	332	333	333	331	332	337	340	350	357	370	385	384	377	355	327	313	273	233	186	141	119	104	98	89	82	76	69	64	60	56	53	49	46	45	48	55	61	66	71
Selling & Marketing	191	197	198	200	201	202	207	208	214	220	232	243	243	238	215	195	179	151	129	99	74	61	53	49	44	41	37	33	30	28	27	25	23	23	23	26	31	35	39	42
General & Administrative	132	135	136	133	130	130	131	132	136	137	138	142	140	138	140	132	134	122	104	87	67	59	51	48	45	41	39	36	34	32	29	27	25	23	22	23	24	26	27	29
Operating Expenses	513	523	529	543	542	544	552	565	581	599	613	609	598	570	526	478	449	392	339	276	216	185	160	150	138	128	119	108	103	98	93	91	88	87	95	101	112	119	121	125
Operating Income	110	96	158	190	174	138	77	12	80	249	446	613	630	554	448	349	251	216	216	237	252	203	186	152	134	140	103	63	29	11	1.60	-5.54	-11	-20	-39	-47	-59	-66	-63	–
Interest Expense	2.62	3.11	4.52	5.94	7.35	8.76	8.91	8.92	8.88	8.88	8.84	8.85	8.91	8.86	9.44	20	30	41	45	38	32	25	21	17	14	9.10	9.69	10	11	12	11	9.83	8.80	8.46	8.21	7.15	6.63	4.76	2.77	1.79
Other Non-Operating Income	53	48	47	46	36	40	43	50	69	74	67	56	36	20	3.79	-15	-25	-36	-95	-96	-91	-142	-67	-59	-55	3.76	-13	-16	-17	-13	-12	-9.86	-8.15	-7.30	-5.96	-6.55	-6.30	-4.90	-3.29	-0.88
Merger & Restructuring Charges	5.43	7.80	7.13	17	17	14	13	19	18	17	16	2.66	3.25	3.08	2.38	0.59	0	–	0	–	–	–	0	1.13	1.60	2.23	2.60	3.01	5.13	4.50	4.13	4.58	6.06	9.67	17	16	15	11	3.78	2.72
Asset Impairment Charges	1.63	3.17	3.11	6.27	24	29	29	34	17	11	11	0.90	0	–	1.20	–	–	–	0	–	–	–	–	–	–	–	1.10	–	–	–	1.60	–	–	–	0.80	–	–	–	–	–
Pretax Income	164	144	205	236	210	179	120	63	149	323	513	669	666	574	452	334	226	180	121	142	161	61	119	92	79	144	90	47	12	-2.22	-10	-15	-19	-27	-45	-54	-65	-71	-66	-69
Income Tax Expense	30	9.06	33	40	35	30	18	1.27	20	47	74	97	93	81	55	38	23	14	-25	-24	-23	-36	-15	-85	-90	-83	-71	1.79	1.76	1.51	1.40	-0.13	-0.56	-0.04	-0.15	1.55	1.88	1.37	1.48	1.40
Income from Continuing Operations	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-39	-47	-59	-66	-63	-68
Net Income	134	135	172	196	175	148	103	61	130	276	439	572	573	492	397	296	203	166	145	166	183	97	134	178	169	227	161	45	11	-3.73	-12	-15	-19	-27	-45	-55	-67	-72	-67	-70
EPS (Basic)(per share)	1.02	1.03	1.31	1.48	1.31	1.11	0.76	0.45	0.95	2.02	3.22	4.19	4.20	3.62	2.94	2.20	1.51	1.23	1.08	1.26	1.41	0.74	1.06	1.44	1.38	1.85	1.32	0.38	0.10	-0.03	-0.12	-0.16	-0.21	-0.31	-0.55	-0.73	-1.05	-1.27	-1.38	-1.52
EPS (Diluted)(per share)	0.99	1.00	1.29	1.41	1.24	1.04	0.75	0.44	0.91	1.92	3.08	3.97	3.96	3.41	2.77	2.06	1.42	1.16	1.02	1.15	1.28	0.62	0.90	1.28	1.23	1.69	1.21	0.34	0.08	-0.04	-0.12	-0.16	-0.21	-0.31	-0.55	-0.73	-1.05	-1.27	-1.38	-1.52
Shares Outstanding (Basic, Weighted)(shares)	131	131	131	132	133	134	135	136	136	136	136	136	136	136	135	135	135	135	134	132	130	128	126	124	123	121	117	113	108	104	100	94	90	87	83	77	68	58	51	46
Shares Outstanding (Diluted, Weighted)(shares)	135	135	135	139	141	141	140	137	138	141	143	145	146	145	144	144	143	142	143	144	144	140	142	135	133	134	132	122	114	106	100	94	90	87	83	77	68	58	51	46
EBITDA	192	178	238	271	254	219	159	94	161	327	520	683	695	615	507	401	297	256	247	264	275	223	205	167	148	155	117	78	42	22	11	3.65	-2.18	-11	-30	-38	-49	-55	-52	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 46.9%
Operating margin: 8.3%
Net margin: 10.1%
Return on equity, FY2025: 17.9%

Financial strength

Current ratio: 3.45
Debt to equity: 0.48
Debt to assets: 19.6%
Cash to current liabilities: 93.7%

Valuation

P/E ratio: 30.9
Price to sales: 3.12
Price to book: 3.50
Dividend yield: –