AMZNprintsminutestrendsdividendsdrawdownsP/E 28.4macronarrativesvolatilitybuybackssentiment+0.8%marginsMSFTPMI 52.1momentumdividendsflowsPMI 52.1digeststhreadsvolatilityearnings callsvolumesβ 1.24breakoutsnewsflow2s10sliquidityheadlines−1.2%breakoutsnoiseGOOGLbuybacksrevisionstrendsPMI 52.1briefstickersnoiseGDPsentimentchattertranscriptsGOOGLsentimentvolatilitybuybacksMSFTwhispersMETAsessionsyield curves13FfuturesdowngradesPMI 52.1headlinesthe tapeflowsdowngradesfutures+0.8%earnings callstranscriptsclosesgammacatalystsrevisionsvolatilitysentimentchatter+2.41%earnings callssentimentfilingstrends10y 4.21%cyclesbuybackswiresspx 0dtewhisperstickersQ3trendsnewsflowearnings callsWTI 78.2sentimentnoisethreadsrumorsnarrativesFOMCconsensusestimatesmomentumYoY +18%tickersmomentumprintsβ 1.24revisions

momentumheadlines52w hipositioning2s10sfilingstrendsprintstrendsmacrocyclesnoise2s10smacroQ3narrativesheadlinesflowscyclesnarrativesspreadstranscriptsdowngradesupgradeswhisperswhispersminutesthe tapeNDXfuturesminutesyield curves52w hithe tapeFOMCcatalystsbriefsthe tapeNVDAguidancetrends52w hidrawdowns2s10swhispersmomentumdrawdownsbuybacks

PCEliquiditysentimentbreakoutsdowngradesP/E 28.4threadsAAPLSPXvolatilityNDXflowscyclesliquidityestimatesEPS 4.12

ENPH · NASDAQ · Solar

Enphase Energy

Builds microinverter-based solar, battery, charging, and home-energy control systems.

$37.35

After-hours close+0.09 (+0.24%)

At close$37.26(−5.07%)

Something off on this page? Send us feedback.

Profile

Enphase Energy, Inc.ENPHInformation Technology

Builds microinverter-based home-energy systems spanning solar generation, batteries, EV charging, monitoring, and installer services. Product sales flow mainly through solar distributors and installers, with revenue concentrated in the United States and operations managed as one reportable segment.

Designs IQ Microinverters, IQ Batteries, EV chargers, IQ Gateway and Energy Router controls, cloud monitoring, installer software, and customer-care services as one coordinated home-energy system. Product sales provide most revenue, while services extend installer and homeowner workflows.

The platform builds on panel-level power conversion, shared communications, and software control. Product development has repeatedly widened that architecture from solar generation into storage, outage backup, vehicle charging, load management, and off-grid configurations, while operations follow metric-driven planning, price, cost, cash, and supply-chain controls.

Sales run mainly through solar distributors and installers and are concentrated in the United States, with Europe a smaller market. Execution depends on residential-solar demand, policy incentives and tariffs, third-party manufacturing, distributor and installer purchasing, supplier performance, and product reliability.

Company facts

CEOBadri Kothandaraman

ListedMar 30, 2012

ExchangeNASDAQ

HeadquartersFremont, CA

CountryUnited States

Employees2,872

CIK0001463101

ISINUS29355A1079

Key statistics

Market cap$4.92B

EPS (ttm)$1.00

P/E (ttm)37.25

ROE12.3%

P/B4.15

P/S3.71

Dividend yield—

Beta2.55vs XLK 0.62

Year to date +10.4% · Average volume (30d) 4.4M

Analysts

Price target, next 12 months$45.00+20.8%Median of 55 analysts · vs the Aug 28 close

ConsensusHold23 of 55 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $37.25

High$57.00+53.0%

Median$45.00+20.8%

Low$24.47−34.3%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Rating	Prior target	Target
Aug 17, 2026	Evercore ISI	Reiterate	Positive	$37	$41
Jul 30, 2026	Susquehanna	Reiterate	Neutral	$45	$39
Jul 29, 2026	RBC Capital	Reiterate	Outperform	$54	$47
Jul 29, 2026	BMO Capital	Reiterate	Market Perform	$41	$37
Jul 29, 2026	UBS	Target		$85	$56

Earnings

EPS

Estimate$0.48

ReportedDue Oct 27, 2026

Revenue

Estimate$305.1M

ReportedDue Oct 27, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Jul 28, 2026Q2 FY26	$0.47	$0.46	−2.4%	$289.8M	$291.9M	+0.7%	−3.44%
Apr 28, 2026Q1 FY26	$0.43	$0.47	+9.3%	$282.3M	$282.9M	+0.2%	−9.07%
Feb 3, 2026Q4 FY25	$0.54	$0.71	+31.5%	$338.4M	$343.3M	+1.4%	+38.60%
Oct 28, 2025Q3 FY25	$0.62	$0.90	+45.2%	$338.6M	$410.4M	+21.2%	−15.15%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$356.1M	$363.2M	$410.4M	$343.3M	$282.9M	$291.9M
Gross profit	$168.2M	$170.5M	$196.2M	$152.0M	$100.4M	$175.0M
Operating income	$31.9M	$37.0M	$66.2M	$21.8M	−$29.6M	$51.5M
Net income	$29.7M	$37.1M	$66.6M	$38.7M	−$7.4M	$36.1M
Diluted EPS	$0.22	$0.28	$0.50	$0.29	−$0.06	$0.27
Gross margin	47.2%	46.9%	47.8%	44.3%	35.5%	60.0%
Operating margin	9.0%	10.2%	16.1%	6.3%	-10.5%	17.7%

Fiscal years (4-quarter sums)FY21 $1.38B · FY22 $2.33B · FY23 $2.29B · FY24 $1.33B · FY25 $1.47B

Revenue by product · Q2 FY26

Reportable Segment$291.9M · 100%

Revenue by geography · Q2 FY26

United States$226.8M · 78%

International$65.0M · 22%

Balance sheet, Jun 30, 2026Cash & short-term investments $967.1M · Total debt $613.4M · Total assets $2.92B · Shareholders' equity $1.18B

Dividends

No dividends on record.

Ownership

Institutions 100.46%Insiders 2.73%

A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.

Shares outstanding 132.14M · Float 128.10M · 96.9% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
BlackRock, Inc.	23.45M	17.75%	13F	Aug 7, 2026
Vanguard Portfolio Management LLC	9.07M	6.86%	13F	Aug 13, 2026
Vanguard Capital Management LLC	5.73M	4.34%	13F	Aug 13, 2026
State Street Corp	4.75M	3.59%	13F	Aug 7, 2026
Two Sigma Investments, LP	4.66M	3.52%	13F	Aug 14, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Aug 14, 2026	Richard Mora	director	−1,500	$40.36
Jul 30, 2026	Richard Mora	director	−2,000	$36.76
Jun 12, 2026	Shanker Trivedi	director	+1,000	$53.91
Jun 1, 2026	Richard Mora	director	−700	$64.20
May 26, 2026	Badrinarayanan Kothandaraman	director, officer: President & CEO	+5,000	$67.50