Enphase Energy Quarterly Income Statement
NASDAQ: ENPHTechnologySemiconductorsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Enphase Energy revenue and earnings
In the quarter ended Mar 31, 2026, Enphase Energy generated $282.9 million in revenue, down 20.6% from the same quarter a year earlier. Enphase Energy reported a net loss of $7.4 million, compared with net income of $29.7 million a year earlier. Gross margin was 35.5% (down from 47.2%) and operating margin -10.5%.
Diluted earnings per share came in at -$0.06, down from $0.22.
Summary generated from market data by MetaCap's automated system. Methodology
Enphase Energy income statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 282.90M | 343.32M | 410.43M | 363.15M | 356.08M | 382.71M | 380.87M | 303.46M | 263.34M | 302.57M | 551.08M | 711.12M |
| Revenue growth (YoY) | -20.55% | -10.29% | +7.76% | +19.67% | +35.22% | +26.49% | -30.89% | -57.33% | -63.73% | -58.25% | -13.18% | +34.12% |
| Cost of Revenue | 182.51M | 191.29M | 214.19M | 192.66M | 187.84M | 184.42M | 202.70M | 166.29M | 147.83M | 155.91M | 289.07M | 387.78M |
| Gross Profit | 100.39M | 152.03M | 196.24M | 170.49M | 168.24M | 198.29M | 178.17M | 137.17M | 115.51M | 146.66M | 262.01M | 323.34M |
| Operating Expenses | 130.04M | 129.59M | 130.08M | 133.49M | 136.32M | 143.49M | 128.38M | 135.37M | 144.61M | 156.89M | 144.02M | 153.02M |
| Research & Development | 44.87M | 46.21M | 47.27M | 45.42M | 50.17M | 50.39M | 47.84M | 48.87M | 54.21M | 55.29M | 54.87M | 60.04M |
| Selling, General & Admin | 81.34M | 84.02M | 81.53M | 84.74M | 82.98M | 83.70M | 79.86M | 85.33M | 88.49M | 86.79M | 89.15M | 92.80M |
| Operating Income | -29.64M | 22.44M | 66.16M | 37.01M | 31.92M | 54.80M | 49.79M | 1.80M | -29.10M | -10.23M | 117.99M | 170.32M |
| Interest Expense | 633.00K | 829.00K | 830.00K | 815.00K | 2.05M | 2.25M | 2.24M | 2.22M | 2.20M | 2.27M | 2.20M | 2.22M |
| Other Income (Expense) | 15.78M | 16.26M | 10.86M | 5.20M | 14.97M | 14.89M | 955.00K | 9.42M | 17.60M | 22.46M | 19.36M | 14.27M |
| Pretax Income | -13.86M | 38.70M | 77.02M | 42.20M | 46.89M | 69.70M | 50.74M | 11.22M | -11.50M | 12.23M | 137.34M | 184.59M |
| Income Tax | -6.45M | -16.00K | 10.38M | 5.15M | 17.16M | 7.54M | 4.98M | 383.00K | 4.60M | -8.69M | 23.39M | 27.40M |
| Net Income | -7.41M | 38.71M | 66.64M | 37.05M | 29.73M | 62.16M | 45.76M | 10.83M | -16.10M | 20.92M | 113.95M | 157.19M |
| Net Income growth (YoY) | -124.91% | -37.72% | +45.62% | +242.03% | — | +197.15% | -59.84% | -93.11% | -110.96% | -86.39% | -0.75% | +104.21% |
| EPS (Basic) | -0.06 | 0.29 | 0.51 | 0.28 | 0.23 | 0.46 | 0.34 | 0.08 | -0.12 | 0.16 | 0.84 | 1.15 |
| EPS (Diluted) | -0.06 | 0.29 | 0.50 | 0.28 | 0.22 | 0.46 | 0.33 | 0.08 | -0.12 | 0.17 | 0.80 | 1.09 |
| Shares Outstanding (Basic) | 131.34M | — | 130.80M | 131.03M | 131.87M | — | 135.33M | 135.65M | 135.89M | — | 136.16M | 136.61M |
| Shares Outstanding (Diluted) | 131.34M | — | 133.00M | 135.22M | 136.21M | — | 139.91M | 136.12M | 135.89M | — | 143.86M | 145.10M |
| EBITDA | -8.83M | 42.87M | 86.38M | 57.09M | 51.84M | 75.47M | 69.89M | 22.28M | -8.96M | 10.61M | 137.44M | 188.15M |
| Gross Margin | 35.49% | 44.28% | 47.81% | 46.95% | 47.25% | 51.81% | 46.78% | 45.20% | 43.86% | 48.47% | 47.55% | 45.47% |
| Operating Margin | -10.48% | 6.54% | 16.12% | 10.19% | 8.96% | 14.32% | 13.07% | 59.00% | -11.05% | -3.38% | 21.41% | 23.95% |
| Net Margin | -2.62% | 11.28% | 16.24% | 10.20% | 8.35% | 16.24% | 12.02% | 3.57% | -6.11% | 6.91% | 20.68% | 22.10% |
This table shows 12 quarterly periods of Enphase Energy's income statement, from Q1 2026 back to Q2 2023, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow ENPH's reporting calendar. What is a income statement?