Badri Kothandaraman
President and Chief Executive Officer
Replay available
Enphase Energy, Inc. (NASDAQ: ENPH) Q3 2025 earnings conference call, held 2025-10-28. Replay captured from the company's public earnings webcast.

President and Chief Executive Officer
Chief Financial Officer
Analyst, Oppenheimer
Analyst, Goldman Sachs
Analyst, Roth Capital Partners
Analyst, Wells Fargo
Analyst, Barclays
Analyst, Wolfe Research
Analyst, Jefferies
Analyst, Mizuho
Analyst, Citi
Good afternoon, everyone, and welcome to the Enphase Energy's third quarter 2025 financial results conference call. All participants will be in a listen-only mode. Should you need assistance, please send to a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Zach Friedman. Sir, please go ahead. Good afternoon, and thank you for joining us on today's conference call to discuss Enphase Energy's third quarter 2025 results. On today's call are Badri Kofondoraman, our President and Chief Executive Officer, Mandy Yang, our Chief Financial Officer, and Raghu Ballora, Chief Products Officer. After the market closed today, Enphase issued a press release announcing the results of its third quarter ended September 30, 2025. During this conference call, Enphase Management will make forward-looking statements, including but not limited to, and the benefits to homeowners and installers. Our operations, including manufacturing, customer service, and supply and demand, caution you not to place any undue reliance on forward-looking statements and undertake no duty or obligation to update any forward-looking statements as a result of new information, future events, or changes in expectations. Also, please note that financial measures used on this call are expressed on a non-GAAP basis unless otherwise noted and adjusted to exclude certain charges. We have provided a reconciliation of these non-GAAP financial measures to GAAP financial measures in our earning Raman, our President and Chief Executive Officer. Audrey? Good afternoon and thanks for joining us today to discuss our third quarter 2025 fina...