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

Enphase Energy Q4 revenue falls to $343.3 million; Q1 2026 outlook $270M-$300M

Negative Impact 3 of 5 earnings Written later

Enphase Energy reported fourth-quarter 2025 revenue of $343.3 million, down from $410.4 million in the third quarter, and GAAP diluted earnings per share of $0.29, down from $0.50. The company guided first-quarter 2026 revenue to $270.0 million to $300.0 million, below the fourth-quarter level, so shareholders face lower reported sales and earnings in the latest quarter and a lower revenue outlook for the next one.

Key points

  • Q4 2025 revenue was $343.3 million, versus $410.4 million in Q3 2025 and $382.7 million in Q4 2024.
  • GAAP diluted EPS was $0.29, versus $0.50 in Q3 2025 and $0.45 in Q4 2024; non-GAAP diluted EPS was $0.71, versus $0.90 in Q3 2025.
  • Non-GAAP gross margin was 46.1%, down from 49.2% in Q3 2025, including a 5.1 percentage point reciprocal tariff impact.
  • Q1 2026 outlook: revenue of $270.0 million to $300.0 million, including approximately $35.0 million of safe harbor shipments.

The filing

CompanyEnphase Energy (ENPH)
Form8-K, current report
Filed with the SECFeb 3, 2026, 4:08 PM ET
Accession number0001463101-26-000008

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 03, 2026.

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.