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

Enphase Energy Q3 revenue rises to $410.4 million; Q4 outlook is $310 million to $350 million

Mixed Impact 3 of 5 earnings Written later

Enphase Energy reported third-quarter 2025 revenue of $410.4 million, its highest level in two years, and GAAP net income of $66.6 million, or $0.50 per diluted share. For the fourth quarter, the company expects revenue of $310.0 million to $350.0 million, excluding safe harbor shipments, which is below the third-quarter level. Shareholders get higher quarterly sales and profit, but the outlook points to lower revenue next quarter.

Key points

  • Q3 2025 revenue was $410.4 million, up from $363.2 million in Q2 2025 and $380.9 million in Q3 2024, including $70.9 million of safe harbor revenue.
  • GAAP diluted EPS was $0.50, compared with $0.28 in Q2 2025 and $0.33 in Q3 2024; non-GAAP diluted EPS was $0.90.
  • Q4 2025 revenue outlook is $310.0 million to $350.0 million and excludes any safe harbor shipments.
  • Free cash flow was $5.9 million; no shares were repurchased in Q3 2025, and $268.7 million remains authorized for buybacks.

The filing

CompanyEnphase Energy (ENPH)
Form8-K, current report
Filed with the SECOct 28, 2025, 4:06 PM ET
Accession number0001463101-25-000111

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 October 28, 2025.

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.