The financials
Enphase Energy, Inc. by the numbers
Enphase Energy, Inc. (ENPH) reported revenue of $283M in Q1 2026 (quarter ended March 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 2026-Q1 was US at $234M, 83% of the disclosed total, just ahead of Non Us at 17%.
| 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 |
|---|---|---|
| US | $234M | 83% |
| Non Us | $49M | 17% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q1 2026Total $282.9M (-31%)
US grew -11% year on yearNon Us -47% year on year
Segment Latestquarter on quarteryear on year
- US$233.9M$233.9MQoQ -33%year on year -11%-33%-11%
- Non Us$49.0M$49.0MQoQ -year on year -47%--47%
- International--QoQ -year on year ---