Enphase Q4 revenue rose to $382.7M; Q1 2025 outlook $340M to $380M
Enphase Energy reported fourth-quarter 2024 revenue of $382.7 million, up from $302.6 million a year earlier, and GAAP diluted earnings of $0.45 per share, up from $0.15. For the first quarter of 2025, it expects revenue of $340.0 million to $380.0 million, and full-year 2024 GAAP net income fell to $102.7 million from $438.9 million, so shareholders see mixed signals of stronger quarterly profit alongside lower annual results and a revenue outlook below the fourth-quarter level.
Key points
- Q4 2024 revenue of $382.7 million, compared with $380.9 million in Q3 2024 and $302.6 million in Q4 2023; European revenue fell about 25% from Q3.
- Diluted EPS was $0.45 on a GAAP basis and $0.94 non-GAAP, versus $0.15 GAAP and $0.54 non-GAAP in Q4 2023.
- Q1 2025 revenue outlook is $340.0 million to $380.0 million, including about $50.0 million of safe harbor revenue.
- In Q4 2024 the company repurchased 2,883,438 shares for about $199.7 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits 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 February 04, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.