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AI brief of an SEC Form 8-K · Enphase Energy (ENPH)

Enphase Q2 revenue rises to $303.5 million from Q1 but falls sharply from a year earlier

Mixed Impact 3 of 5 earnings Written later

Enphase Energy reported second-quarter 2024 revenue of $303.5 million, up from $263.3 million in the first quarter but down from $711.1 million in the second quarter of 2023. GAAP net income was $10.8 million, compared with a loss of $16.1 million in the first quarter and $157.2 million a year earlier, and it guided third-quarter 2024 revenue to $370.0 million to $410.0 million. Shareholders get a sequential improvement alongside a steep year-over-year decline.

Key points

  • Q2 2024 revenue was $303.5 million versus $263.3 million in Q1 2024 and $711.1 million in Q2 2023.
  • GAAP diluted EPS was $0.08 and non-GAAP diluted EPS was $0.43, compared with $0.35 non-GAAP in Q1 2024 and $1.47 non-GAAP in Q2 2023.
  • Third-quarter 2024 revenue is expected to be within a range of $370.0 million to $410.0 million.
  • The company repurchased 891,896 shares for approximately $99.9 million and ended the quarter with $1.65 billion in cash, cash equivalents, and marketable securities.

The filing

CompanyEnphase Energy (ENPH)
Form8-K, current report
Filed with the SECJul 23, 2024, 4:06 PM ET
Accession number0001463101-24-000116

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.