Enphase Energy Reports Financial Results for the Fourth Quarter of 2025

About this update from Enphase Energy, Inc.

[{"type":"image","alt":"Enphase Energy, Inc.","displaySize":"","headline":null,"caption":"Enphase Energy, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":75,"url":"https://media.zenfs.com/en/globenewswire.com/e94ac4115792fe9a62261e0e2f541314"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/CyWDmMMmKu5ohxjBbpmMXg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwNTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/e94ac4115792fe9a62261e0e2f541314","width":300,"height":75}},"lazy":false},{"type":"text","content":"FREMONT, Calif., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, announced today financial results for the fourth quarter of 2025, which included the summary below from its President and CEO, Badri Kothandaraman.","length":271,"tagName":"p"},{"type":"text","content":"We reported quarterly revenue of $343.3 million in the fourth quarter of 2025, along with 46.1% for non-GAAP gross margin. We shipped approximately 1.55 million microinverters, or 682.6 megawatts DC, and 150.1 megawatt hours (MWh) of IQ® Batteries.","length":248,"tagName":"p"},{"type":"text","content":"Highlights for the fourth quarter of 2025 are listed below:","length":59,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $343.3 million","length":25,"tagName":"p"}]},{"val":[{"type":"text","content":"GAAP gross margin of 44.3% and non-GAAP gross margin of 46.1%, including 5.1% of tariff impact","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"GAAP operating income of $22.4 million; non-GAAP operating income of $79.4 million","length":82,"tagName":"p"}]},{"val":[{"type":"text","content":"GAAP net income of $38.7 million; non-GAAP net income of $93.4 million","length":70,"tagName":"p"}]},{"val":[{"type":"text","content":"GAAP diluted earnings per share of $0.29; non-GAAP diluted earnings per share of $0.71","length":86,"tagName":"p"}]},{"val":[{"type":"text","content":"Free cash flow of $37.8 million; ending cash, cash equivalents and marketable securities of $1.51 billion","length":105,"tagName":"p"}]},{"val":[{"type":"text","content":"Shipped 1.31 million microinverters and 51.1 MWh of IQ Batteries from Texas and South Carolina facilities","length":105,"tagName":"p"}]},{"val":[{"type":"text","content":"Shipped IQ9N-3P™ commercial microinvert...

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