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
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
94.2%
124M of 132M shares
Institutional holders
535
135 new, 84 sold out
Net institutional buying
-1M
In Q2 2026
Insider trades, 12 months
7 buys · 8 sales
Net sold $9.71M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Vanguard Portfolio Management | 9,692,237 | 7.39% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 6,665,473 | 5.08% | 13G (passive) | Mar 31, 2026 |
| BlackRock, Inc. | 22,857,720 | 17.30% | 13G (passive) amendment | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of ENPH | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 23,451,983 | 17.75% | $1.15B | +1,249,070 | 0.02% |
| Vanguard Portfolio Management LLC | 9,066,675 | 6.86% | $446.44M | −592,217 | 0.02% |
| Vanguard Capital Management LLC | 5,730,831 | 4.34% | $282.19M | +63,723 | 0.01% |
| State Street Corp | 4,746,613 | 3.59% | $233.72M | +148,914 | 0.01% |
| Two Sigma Investments, LP | 4,655,692 | 3.52% | $229.25M | −820,548 | 0.17% |
| Invesco Ltd. | 3,661,439 | 2.77% | $180.29M | −20,944 | 0.01% |
| Gilder Gagnon Howe & Co LLC | 3,478,961 | 2.63% | $171.30M | +1,332,570 | 1.77% |
| Slate Path Capital LP | 2,587,170 | 1.96% | $127.39M | +1,677,270 | 1.76% |
| JPMorgan Chase & Co | 2,416,246 | 1.83% | $117.10M | +2,295,643 | 0.01% |
| Morgan Stanley | 2,408,561 | 1.82% | $118.60M | −520,118 | 0.01% |
| Geode Capital Management, LLC | 2,388,154 | 1.81% | $117.62M | −201,751 | 0.01% |
| First Trust Advisors LP | 2,282,785 | 1.73% | $112.40M | +448,369 | 0.07% |
| Handelsbanken Fonder AB | 2,111,158 | 1.60% | $103.95K | +1,283,052 | 0.30% |
| Robeco Schweiz AG | 2,061,745 | 1.56% | $101.52M | +1,009,670 | 1.63% |
| Dimensional Fund Advisors LP | 1,950,258 | 1.48% | $96.06M | +589,101 | 0.02% |
| Goldman Sachs Group Inc | 1,671,593 | 1.26% | $82.31M | +792,133 | 0.01% |
| FMR LLC | 1,670,145 | 1.26% | $82.24M | +1,631,912 | 0.00% |
| Amundi | 1,646,878 | 1.25% | $81.09M | +654,190 | 0.02% |
| Harel Insurance Investments & Financial Services Ltd. | 1,567,850 | 1.19% | $77.20K | +1,562,980 | 0.38% |
| Coatue Management LLC | 1,556,941 | 1.18% | $76.66M | −90,952 | 0.16% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 535 | 124M | 94.2% | 135 / 144 | 188 / 84 | 30M | 30M |
| Q1 2026 | 495 | 125M | 94.9% | 93 / 164 | 163 / 65 | 47M | 31M |
| Q4 2025 | 473 | 126M | 95.5% | 85 / 149 | 178 / 88 | 26M | 22M |
| Q3 2025 | 490 | 122M | 92.5% | 83 / 174 | 170 / 108 | 26M | 31M |
| Q2 2025 | 518 | 127M | 95.9% | 75 / 196 | 186 / 138 | 34M | 23M |
| Q1 2025 | 589 | 116M | 87.5% | 92 / 198 | 235 / 118 | 20M | 19M |
| Q4 2024 | 625 | 118M | 89.0% | 84 / 209 | 268 / 175 | 21M | 18M |
| Q3 2024 | 733 | 115M | 87.2% | 97 / 258 | 282 / 74 | 26M | 8M |
| Q2 2024 | 716 | 112M | 84.9% | 93 / 284 | 236 / 92 | 16M | 12M |
| Q1 2024 | 724 | 108M | 82.0% | 84 / 277 | 262 / 108 | 14M | 10M |
| Q4 2023 | 760 | 104M | 78.9% | 138 / 226 | 309 / 152 | 18M | 14M |
| Q3 2023 | 785 | 100M | 75.9% | 117 / 309 | 263 / 189 | 11M | 12M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of ENPH | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 7,940,049 | 6.01% | $390.97M | 0.35% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 3,973,642 | 3.01% | $195.66M | 0.01% | Jun 30, 2026 |
| Vanguard Information Technology Index Fund | 2,981,901 | 2.26% | $203.84M | 0.12% | May 31, 2026 |
| Invesco Solar ETF | 2,935,228 | 2.22% | $200.65M | 8.75% | May 31, 2026 |
| Vanguard Small-Cap Index Fund | 2,872,468 | 2.17% | $141.44M | 0.07% | Jun 30, 2026 |
| iShares Global Clean Energy ETF | 2,821,249 | 2.13% | $105.91M | 4.59% | Jul 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 1,818,995 | 1.38% | $89.57M | 0.13% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,511,479 | 1.14% | $74.43M | 0.08% | Jun 30, 2026 |
| First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 1,429,791 | 1.08% | $70.40M | 0.58% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 1,208,735 | 0.91% | $59.52M | 0.35% | Jun 30, 2026 |
| iShares S&P Small-Cap 600 Value ETF | 1,134,602 | 0.86% | $55.87M | 0.70% | Jun 30, 2026 |
| Vanguard Tax-Managed Small-Cap Fund | 848,851 | 0.64% | $41.80M | 0.36% | Jun 30, 2026 |
| State Street(R) SPDR(R) S & P 600(TM) Small Cap Value ETF | 683,079 | 0.52% | $33.63M | 0.70% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 674,272 | 0.51% | $46.09M | 0.11% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 628,492 | 0.48% | $42.96M | 0.19% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Badrinarayanan Kothandaraman | President & CEO, Director | 1,750,019 | 1.32% | May 26, 2026 |
| Mandy Yang | EVP, Chief Financial Officer | 140,335 | 0.11% | Mar 12, 2026 |
| Mary Erginsoy | VP, Chief Accounting Officer | 47,395 | 0.04% | Mar 3, 2026 |
| Richard Mora | Director | 10,422 | 0.01% | Aug 14, 2026 |
| Shanker Trivedi | Director | 5,551 | 0.00% | Jun 15, 2026 |
| Thurman J. Rodgers | Director | 97,842 | 0.07% | May 15, 2026 |
| Steven J. Gomo | Director | 108,132 | 0.08% | May 15, 2026 |
| Joseph Ian Malchow | Director | 69,912 | 0.05% | May 15, 2026 |
| Jamie Elizabeth Haenggi | Director | 20,898 | 0.02% | May 15, 2026 |
| Benjamin John Kortlang | Director | 220,264 | 0.17% | May 15, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Richard Mora Director | Aug 14, 2026 | Sale | −1,500 | $40.36 | $60.54K | 10,422 |
| Richard Mora Director | Jul 30, 2026 | Sale | −2,000 | $36.76 | $73.52K | 11,922 |
| Shanker Trivedi Director | Jun 12, 2026 | Buy | +1,000 | $53.91 | $53.91K | 1,000 |
| Shanker Trivedi Director | Jun 11, 2026 | Award | +4,551 | $54.93 | $249.99K | 4,551 |
| Richard Mora Director | Jun 1, 2026 | Sale | −700 | $64.20 | $44.94K | 13,922 |
| Badrinarayanan Kothandaraman President & CEO, Director | May 26, 2026 | Buy | +4,400 | $67.37 | $296.43K | 1,645,032 |
| Badrinarayanan Kothandaraman President & CEO, Director | May 26, 2026 | Buy | +600 | $68.39 | $41.03K | 1,645,632 |
| Richard Mora Director | May 19, 2026 | Sale | −700 | $46.39 | $32.47K | 14,622 |
| Thurman J. Rodgers Director | May 13, 2026 | Award | +5,952 | – | – | 8,542 |
| Joseph Ian Malchow Director | May 13, 2026 | Award | +5,952 | – | – | 69,912 |
| Steven J. Gomo Director | May 13, 2026 | Award | +6,428 | – | – | 14,359 |
| Richard Mora Director | May 13, 2026 | Award | +5,952 | – | – | 15,322 |
| Jamie Elizabeth Haenggi Director | May 13, 2026 | Award | +5,952 | – | – | 20,898 |
| Benjamin John Kortlang Director | May 13, 2026 | Award | +5,952 | – | – | 14,059 |
| Thurman J. Rodgers Director | Mar 13, 2026 | Sale | −137,250 | $43.61 | $5.99M | 1,597,641 |
| Mandy Yang EVP, Chief Financial Officer | Mar 10, 2026 | Tax withholding | −1,322 | $43.59 | $57.63K | 90,335 |
| Mandy Yang EVP, Chief Financial Officer | Mar 1, 2026 | Tax withholding | −3,023 | $42.27 | $127.78K | 106,540 |
| Mandy Yang EVP, Chief Financial Officer | Mar 1, 2026 | Tax withholding | −1,664 | $42.27 | $70.34K | 109,563 |
| Mandy Yang EVP, Chief Financial Officer | Mar 1, 2026 | Tax withholding | −3,721 | $42.27 | $157.29K | 102,819 |
| Mandy Yang EVP, Chief Financial Officer | Mar 1, 2026 | Tax withholding | −11,162 | $42.27 | $471.82K | 91,657 |
| Badrinarayanan Kothandaraman President & CEO, Director | Mar 1, 2026 | Tax withholding | −5,935 | $42.27 | $250.87K | 132,602 |
| Badrinarayanan Kothandaraman President & CEO, Director | Mar 1, 2026 | Tax withholding | −4,883 | $42.27 | $206.40K | 138,537 |
| Badrinarayanan Kothandaraman President & CEO, Director | Mar 1, 2026 | Tax withholding | −7,122 | $42.27 | $301.05K | 125,480 |
| Badrinarayanan Kothandaraman President & CEO, Director | Mar 1, 2026 | Tax withholding | −21,365 | $42.27 | $903.10K | 104,115 |
| Mary Erginsoy VP, Chief Accounting Officer | Mar 1, 2026 | Tax withholding | −989 | $42.27 | $41.81K | 37,726 |
| Mary Erginsoy VP, Chief Accounting Officer | Mar 1, 2026 | Tax withholding | −1,791 | $42.27 | $75.71K | 35,935 |
| Mary Erginsoy VP, Chief Accounting Officer | Mar 1, 2026 | Tax withholding | −5,398 | $42.27 | $228.17K | 30,537 |
| Mary Erginsoy VP, Chief Accounting Officer | Mar 1, 2026 | Tax withholding | −464 | $42.27 | $19.61K | 38,715 |
| Richard Mora Director | Feb 10, 2026 | Sale | −1,100 | $52.05 | $57.26K | 9,370 |
| Badrinarayanan Kothandaraman President & CEO, Director | Feb 5, 2026 | Buy | +750 | $51.06 | $38.30K | 1,636,382 |
| Badrinarayanan Kothandaraman President & CEO, Director | Feb 5, 2026 | Buy | +4,250 | $52.14 | $221.60K | 1,640,632 |
| Mary Erginsoy VP, Chief Accounting Officer | Jan 29, 2026 | Award | +10,560 | – | – | 39,179 |
| Badrinarayanan Kothandaraman President & CEO, Director | Jan 29, 2026 | Award | +33,000 | – | – | 143,420 |
| Mandy Yang EVP, Chief Financial Officer | Jan 29, 2026 | Award | +21,120 | – | – | 111,227 |
| Mary Erginsoy VP, Chief Accounting Officer | Jan 22, 2026 | Award | +10,560 | – | – | 28,619 |
| Mandy Yang EVP, Chief Financial Officer | Jan 22, 2026 | Award | +21,120 | – | – | 90,107 |
| Badrinarayanan Kothandaraman President & CEO, Director | Jan 22, 2026 | Award | +39,600 | – | – | 110,420 |
| Mandy Yang EVP, Chief Financial Officer | Dec 12, 2025 | Sale(10b5-1 plan) | −6,000 | $33.01 | $198.06K | 68,987 |
| Mandy Yang EVP, Chief Financial Officer | Dec 10, 2025 | Tax withholding | −1,319 | $32.79 | $43.25K | 74,987 |
| Thurman J. Rodgers Director | Dec 2, 2025 | Sale | −150,000 | $29.13 | $4.37M | 1,733,596 |
| Badrinarayanan Kothandaraman President & CEO, Director | Nov 10, 2025 | Buy | +5,000 | $30.69 | $153.45K | 1,635,632 |
| Badrinarayanan Kothandaraman President & CEO, Director | Oct 31, 2025 | Buy | +10,000 | $30.93 | $309.30K | 1,630,632 |
| Mandy Yang EVP, Chief Financial Officer | Sep 10, 2025 | Tax withholding | −1,319 | $37.12 | $48.96K | 76,306 |
| Badrinarayanan Kothandaraman President & CEO, Director | Aug 6, 2025 | Buy | +5,000 | $30.82 | $154.10K | 1,620,632 |
| Mandy Yang EVP, Chief Financial Officer | Jun 10, 2025 | Tax withholding | −1,319 | $45.08 | $59.46K | 77,625 |
| Benjamin John Kortlang Director | May 15, 2025 | Award | +5,179 | – | – | 8,107 |
| Joseph Ian Malchow Director | May 14, 2025 | Award | +5,179 | – | – | 63,960 |
| Richard Mora Director | May 14, 2025 | Award | +5,179 | – | – | 10,470 |
| Steven J. Gomo Director | May 14, 2025 | Award | +5,593 | – | – | 7,931 |
| Thurman J. Rodgers Director | May 14, 2025 | Award | +5,179 | – | – | 5,721 |
| Jamie Elizabeth Haenggi Director | May 14, 2025 | Award | +5,179 | – | – | 14,946 |
| Badrinarayanan Kothandaraman President & CEO, Director | Apr 25, 2025 | Buy | +4,000 | $46.35 | $185.40K | 1,598,696 |
| Mandy Yang EVP, Chief Financial Officer | Mar 10, 2025 | Sale | −1,319 | $63.32 | $83.52K | 78,524 |
| Thurman J. Rodgers Director | Mar 7, 2025 | Sale | −100,000 | $61.26 | $6.13M | 1,881,760 |
| Mary Erginsoy VP, Chief Accounting Officer | Mar 1, 2025 | Tax withholding | −463 | $57.33 | $26.54K | 19,943 |
| Mary Erginsoy VP, Chief Accounting Officer | Mar 1, 2025 | Tax withholding | −1,410 | $57.33 | $80.84K | 17,639 |
| Mary Erginsoy VP, Chief Accounting Officer | Mar 1, 2025 | Tax withholding | −894 | $57.33 | $51.25K | 19,049 |
| Mandy Yang EVP, Chief Financial Officer | Mar 1, 2025 | Tax withholding | −3,018 | $57.33 | $173.02K | 84,369 |
| Mandy Yang EVP, Chief Financial Officer | Mar 1, 2025 | Tax withholding | −4,526 | $57.33 | $259.48K | 79,843 |
| Mandy Yang EVP, Chief Financial Officer | Mar 1, 2025 | Tax withholding | −1,611 | $57.33 | $92.36K | 87,387 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Mora Richard Director | Aug 14, 2026 | 1,500 | $60.55K | Aug 14, 2026 | Restricted Stock |
| Mora Richard Director | Jul 30, 2026 | 2,000 | $73.52K | Jul 30, 2026 | Restricted Stock |
| Mora Richard Director | Jun 1, 2026 | 700 | $44.94K | Jun 1, 2026 | Restricted Stock |
| J. Rodgers Thurman Director | Mar 13, 2026 | 137,250 | $6.00M | Mar 13, 2026 | Convertible Senior Note |
| Mora Richard Director | Feb 10, 2026 | 1,100 | $57.25K | Feb 10, 2026 | Restricted Stock |
| Yang Ya-Ling Officer | Dec 12, 2025 | 6,000 | $198.06K | Dec 12, 2025 | Open Market Purchase |
| J. Rodgers Thurman Director | Dec 2, 2025 | 150,000 | $4.37M | Dec 2, 2025 | RSUs |
| Massey Rev Liv Tr DTD 04/04/11 Rodgers Director | Mar 7, 2025 | 100,000 | $6.13M | Mar 7, 2025 | Convertible Senior Note |
| A. Ranhoff David Officer | Sep 16, 2024 | 5,000 | $549.23K | Sep 16, 2024 | Restricted Stock |
| A. Ranhoff David Officer | Aug 15, 2024 | 5,000 | $566.50K | Aug 15, 2024 | Restricted Stock |
| A. Ranhoff David Officer | Jul 15, 2024 | 5,000 | $560.93K | Jul 15, 2024 | Restricted Stock |
| A. Ranhoff David Officer | Jun 17, 2024 | 5,000 | $616.35K | Jun 17, 2024 | Restricted Stock |
| J. Rodgers Thurman Director | May 29, 2024 | 324,714 | $41.30M | May 29, 2024 | non-qualified stock option (right to buy) |
| A. Ranhoff David Officer | May 15, 2024 | 5,000 | $594.12K | May 15, 2024 | Restricted Stock |
| Steven & Chris Gomo Trust The Director | Apr 26, 2024 | 25,000 | $2.75M | Apr 26, 2024 | Exercise of options under a registered plan |