Enphase Energy, Inc. (ENPH) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.978 Good day and welcome to the Enphase Energy's fourth quarter 2025 financial results. 00:00:05.978 -- 00:00:08.681 All participants will be in a listen-only mode. 00:00:08.681 -- 00:00:12.585 Should you need assistance, please signal a conference specialist by pressing the star 00:00:12.585 -- 00:00:14.787 key followed by zero. 00:00:14.787 -- 00:00:18.531 After today's presentation, there will be an opportunity to ask questions. 00:00:18.531 -- 00:00:22.816 To ask a question, you may press star, then one on a touch-tone phone. 00:00:22.816 -- 00:00:26.140 To withdraw your question, please press star, then two. 00:00:26.140 -- 00:00:29.090 Please note, this event is being recorded. 00:00:29.090 -- 00:00:31.413 I would now like to turn the conference over to Zach Friedman. 00:00:31.413 -- 00:00:33.974 Please go ahead, sir. 00:00:34.177 -- 00:00:38.083 Good afternoon, and thank you for joining us on today's conference call to discuss Enphase 00:00:38.083 -- 00:00:41.267 Energy's fourth quarter 2025 results. 00:00:41.267 -- 00:00:45.974 On today's call are Badri Kothandaraman, our President and Chief Executive Officer, Mandy 00:00:45.974 -- 00:00:50.240 Yang, our Chief Financial Officer, and Ray Gugel, our Chief Products Officer. 00:00:50.240 -- 00:00:53.805 After the market closed today, Enphase issued a press release announcing the results 00:00:53.805 -- 00:00:57.988 for its fourth quarter ended December 31, 2025. 00:00:58.570 -- 00:01:01.855 During this conference call, Enphase Management will make forward-looking statements, 00:01:01.855 -- 00:01:06.321 including but not limited to statements related to our expected future financial performance, 00:01:06.321 -- 00:01:10.366 market trends, the capabilities of our technology and prod...