Enphase Energy, Inc. (ENPH) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.959 Good afternoon, everyone, and welcome to the Enphase Energy's third quarter 2025 financial 00:00:04.959 -- 00:00:07.222 results conference call. 00:00:07.222 -- 00:00:09.666 All participants will be in a listen-only mode. 00:00:09.666 -- 00:00:12.951 Should you need assistance, please send to a conference specialist by pressing the star 00:00:12.951 -- 00:00:15.813 key followed by zero. 00:00:16.056 -- 00:00:19.461 After today's presentation, there will be an opportunity to ask questions. 00:00:19.461 -- 00:00:21.545 Please also note today's event is being recorded. 00:00:21.545 -- 00:00:23.428 At 00:00:23.428 -- 00:00:26.633 this time, I'd like to turn the floor over to Zach Friedman. 00:00:26.633 -- 00:00:29.056 Sir, please go ahead. 00:00:29.056 -- 00:00:32.901 Good afternoon, and thank you for joining us on today's conference call to discuss Enphase 00:00:32.901 -- 00:00:38.149 Energy's third quarter 2025 results. On today's call are Badri Kofondoraman, 00:00:38.149 -- 00:00:42.575 our President and Chief Executive Officer, Mandy Yang, our Chief Financial Officer, and 00:00:42.575 -- 00:00:46.641 Raghu Ballora, Chief Products Officer. After the market closed today, Enphase issued 00:00:46.641 -- 00:00:51.287 a press release announcing the results of its third quarter ended September 30, 2025. 00:00:51.287 -- 00:00:54.251 During this conference call, Enphase Management will make forward-looking statements, 00:00:54.251 -- 00:00:57.273 including but not limited to, 00:01:01.338 -- 00:01:04.050 and the benefits to homeowners and installers. 00:01:04.050 -- 00:01:09.002 Our operations, including manufacturing, customer service, and supply and demand, 00:01:31.358 -- 00:01:34.683 caution you not to place any undue reliance on forwar...