The financials
Enphase Energy, Inc. by the numbers
Enphase Energy, Inc. (ENPH) reported revenue of $283M in Q1 2026 (quarter ended Mar 31, 2026), down 21% from the same quarter a year earlier. That came with a gross margin of 35% and net loss of $7.4M. For the full year FY2025, revenue was $1.47B (+11% year on year) and net income $172M. Its largest region in Jun 2026 was United States at $227M, 78% of the disclosed total, well ahead of Non Us at 22%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $283M | $356M | −21% |
| Gross profit | $100M | $168M | −40% |
| Operating income | −$30M | $32M | to a loss |
| Net income | −$7.4M | $30M | to a loss |
| Diluted EPS | −$0.06 | $0.22 | to a loss |
| Geographic | Revenue | Share |
|---|---|---|
| United States | $227M | 78% |
| Non Us | $65M | 22% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Jun 2026Total $291.9M (+3.2%)
United States grew -16% year on yearNon Us -29% year on year
Segment Latestquarter on quarteryear on year
- United States$226.8M$226.8MQoQ -3.0%year on year -16%-3.0%-16%
- Non Us$65.0M$65.0MQoQ +33%year on year -29%+33%-29%