Loading...
•
Dec 31, 2025
Enphase Q4 2025 Earnings Report
Reported lower revenue sequentially but remained profitable with strong margins and cash generation.
Key Takeaways
Enphase Energy delivered solid profitability in Q4 2025 with strong non-GAAP margins and positive free cash flow, despite a sequential decline in revenue driven by lower safe harbor and European demand.
Q4 2025 revenue totaled $343.32 million with continued profitability
GAAP net income remained positive at $38.71 million
Non-GAAP margins stayed strong despite tariff impacts
Free cash flow generation supported a strong liquidity position
Forward Guidance
For Q1 2026, Enphase guided to lower revenue with continued margin pressure from tariffs but stable operating expenses.
Positive Outlook
- Revenue expected between $270.0 million and $300.0 million
- Continued IQ Battery shipments expected
- Stable non-GAAP operating expense outlook
- Strong cash position entering Q1 2026
- Ongoing demand supported by tax credit dynamics
Challenges Ahead
- Sequential revenue decline expected
- Gross margins pressured by reciprocal tariffs
- Lower safe harbor contribution anticipated
- European demand remains soft
- Tariff impacts expected to persist into Q1
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...