Enphase Energy, Inc.
ENPH
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Enphase Energy is well-positioned in the growing solar industry, which is expected to see increased demand as more consumers and businesses seek renewable energy solutions.
- Revenue increased by 3% compared to the prior quarter, reaching $292 million.
- Gross margin improved significantly to 60%, up from 35.5% in the previous quarter.
- The company faces challenges with a recent decline in revenue growth, which dropped by 19.6% year-over-year.
- Earnings growth has also been negative, with a decrease of 3.5% in the latest reporting period.
- The operating margin has been inconsistent, with a negative margin of -9.13% reported in Q1 2026.
Fundamentals
| Market cap | $4.35B | Enterprise value | $4.02B | Trailing P/E | 32.91 | Forward P/E | 15.02 |
| PEG | 0.75 | Price / book | 3.68 | Beta | 1.63 | Dividend yield | 0.00% |
| Revenue growth | -19.6% | Earnings growth | -3.5% | Gross margin | 30.0% | Operating margin | 18.0% |
| Profit margin | 10.1% | ROE | 13.0% | ROA | 2.4% | Debt / equity | 0.52 |
| Current ratio | 3.45 | Free cash flow | $78.32M | Analyst recommendation | buy | Mean target | $51.36 |
| 52w high | $73.74 | 52w low | $25.78 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $292M | $283M | $343M | $410M | $363M |
| Op margin | 18.0% | -9.1% | 6.3% | 16.4% | 11.1% |
| Net income | $36.1M | -$7.4M | $38.7M | $66.6M | $37.1M |
| Gross margin | 60.0% | 35.5% | 44.3% | 47.8% | 46.9% |
| Gross profit | $175M | $100M | $152M | $196M | $170M |
| Operating income | $52.5M | -$25.8M | $21.8M | $67.4M | $40.3M |
- Revenue +3% vs prior quarter ($292M vs $283M).
- Gross margin 60% (was 35.5% prior quarter).
- Operating margin expanded to 18%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.3B | $2.3B | $2.3B | — |
| Op margin | 11.2% | 6.8% | 20.1% | 19.3% | — |
| Net income | $172M | $103M | $439M | $397M | — |
| Gross margin | 46.6% | 47.3% | 46.2% | 41.8% | — |
| Gross profit | $687M | $629M | $1.1B | $975M | — |
| Operating income | $165M | $90.4M | $461M | $451M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · Enphase and Autoliv Shares Plummet, What You Need To Know
2026-10-08 · Enphase Energy Begins IQ Gateway Fusion Shipments in India
2026-10-08 · SolarEdge Appoints Former Enphase Executive Gokul Krishnan to Lead North American Operations
2026-10-08 · Enphase Energy Begins Shipments of IQ Gateway Fusion in India, Powering Homes with Solar Even During Power Cuts
2026-10-07 · Enphase Energy faces downward reset as Deutsche Bank issues bearish 2027 outlook
2026-10-06 · Why Enphase Energy (ENPH) Outpaced the Stock Market Today
2026-10-06 · Enphase Energy Announces Conference Call to Review Third Quarter 2026 Financial Results
2026-10-05 · What Does NVIDIA Offer That First Solar Does Not?
2026-10-04 · Enphase Energy (ENPH) Utility Approvals Open A Bigger Backup Market As Undervalued Narrative Holds
2026-10-02 · Here is What to Know Beyond Why Enphase Energy, Inc. (ENPH) is a Trending Stock
2026-10-01 · SolSource Closes $300 Million of New Financing to Enable Geographic Expansion
2026-09-30 · 1 Cash-Heavy Stock Worth Your Attention and 2 We Question
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