Enphase Energy (NASDAQ:ENPH) Announces Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Enphase Energy (NASDAQ:ENPH) announced its quarterly earnings results on Tuesday. The semiconductor company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.19, FiscalAI reports. The business had revenue of $343.32 million for the quarter, compared to analysts’ expectations of $340.45 million. Enphase Energy had a return on equity of 21.40% and a net margin of 11.69%.The business’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS.

Here are the key takeaways from Enphase Energy’s conference call:

• Strong Q4 operating results: revenue of $343.3M, shipments of ~1.55M microinverters and 150 MWh of batteries, non-GAAP gross margin ~46% and free cash flow of $37.8M.
• Q1 guidance and bookings: revenue outlook $270–$300M (includes ~120 MWh of battery shipments and ~$35M safe-harbor), and management says ~90% booked to the midpoint while expecting Q1 to be the year’s demand trough with improvement through 2026.
• Tariff headwind: reciprocal tariffs reduced Q4 gross margins by ~5.1%, a material drag management plans to counter through product cost reductions and new higher-margin products but which remains a near-term pressure.
• Product and market expansion momentum: commercial IQ9 microinverter shipments underway (50k+ Q1 orders), PowerMatch software launched (claims up to 40% usable-energy improvement), IQ EV Charger 2 shipping, and a fifth‑generation stackable battery targeted to pilot in Q3/2026 and ship in Q4/2026.
• Liquidity, tax credits and upcoming debt: $1.51B cash/marketable securities, ~$337M of PTC receivables on the balance sheet, and a $632.5M convertible note maturing Mar 1, 2026 that management plans to settle with cash while pausing buybacks in Q4 to preserve flexibility.

Enphase Energy Stock Down 6.6%

ENPH stock traded down $3.40 during midday trading on Thursday, hitting $48.27. The stock had a trading volume of 1,963,267 shares, compared to its average volume of 8,327,162. The business has a 50-day moving average of $34.29 and a two-hundred day moving average of $34.54. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.88. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 37.43 and a beta of 1.37. Enphase Energy has a 52-week low of $25.77 and a 52-week high of $70.78.

Insider Activity

In other news, Director Thurman J. Rodgers sold 150,000 shares of Enphase Energy stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $29.13, for a total transaction of $4,369,500.00. Following the completion of the transaction, the director directly owned 1,733,596 shares in the company, valued at approximately $50,499,651.48. This trade represents a 7.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mandy Yang sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $33.01, for a total value of $198,060.00. Following the completion of the sale, the executive vice president owned 68,987 shares in the company, valued at $2,277,260.87. The trade was a 8.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Enphase Energy by 2,335.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 798,090 shares of the semiconductor company’s stock valued at $28,244,000 after purchasing an additional 765,322 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Enphase Energy by 212.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 330,711 shares of the semiconductor company’s stock worth $11,704,000 after purchasing an additional 224,705 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Enphase Energy by 51.3% in the third quarter. Legal & General Group Plc now owns 611,176 shares of the semiconductor company’s stock worth $21,630,000 after buying an additional 207,321 shares during the period. Man Group plc raised its stake in Enphase Energy by 50.8% during the 2nd quarter. Man Group plc now owns 605,771 shares of the semiconductor company’s stock worth $24,019,000 after acquiring an additional 204,073 shares during the period. Finally, MUFG Securities EMEA plc raised its position in shares of Enphase Energy by 357.6% during the 2nd quarter. MUFG Securities EMEA plc now owns 228,800 shares of the semiconductor company’s stock valued at $9,072,000 after purchasing an additional 178,800 shares during the period. Institutional investors own 72.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ENPH shares. Loop Capital set a $31.00 price target on shares of Enphase Energy in a research report on Thursday, October 30th. BMO Capital Markets upgraded shares of Enphase Energy from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $31.00 to $41.00 in a report on Wednesday. Northland Securities boosted their price target on Enphase Energy from $52.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on Enphase Energy from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Barclays boosted their target price on Enphase Energy from $33.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat.com, Enphase Energy has an average rating of “Hold” and an average target price of $42.77.

Key Headlines Impacting Enphase Energy

Here are the key news stories impacting Enphase Energy this week:

• Positive Sentiment: Q4 earnings and raised guidance — Enphase beat EPS and revenue estimates for Q4 and raised Q1 revenue guidance, signaling management thinks the trough may be near; management said bookings were ~90% to the midpoint of guidance. Earnings Beat
• Positive Sentiment: Data-center angle and longer-term growth case — management highlighted R&D and product roadmaps aimed at supporting data‑center power needs (an addressable market beyond residential solar), which traders view as a new multi‑year demand channel. MarketBeat: ENPH Stock Soars
• Positive Sentiment: Analyst upgrades and price-target lifts — several research firms moved more bullish (HSBC upgraded to buy/strong-buy, Roth reaffirmed/raised target and others tightened estimates), which supported investor momentum. Seeking Alpha: Analyst Upgrades
• Positive Sentiment: Short‑covering and technical squeeze amplified the move — elevated short interest meant the earnings beat and upgraded outlook likely forced covering, steepening the intraday rally. Benzinga: Short Squeeze
• Neutral Sentiment: Mixed analyst views and valuation — while many raised targets, several price‑target moves still imply limited upside from current levels; some firms kept neutral/hold ratings. Watch for divergent analyst math. Barchart: Overbought/Analyst Views
• Negative Sentiment: Layoffs and shipment decline — Enphase announced cuts of ~160 roles and reported Q4 microinverter shipments down (682 MW), underscoring near‑term operational pressure. PV‑Tech: Layoffs
• Negative Sentiment: Revenue decline and regional weakness — Q4 revenue was down ~10% year‑over‑year and management flagged softer European demand that pressured margins, a reminder of structural headwinds. Zacks: Revenue Decline

About Enphase Energy

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.