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

Enphase Q1 revenue falls to $282.9 million; GAAP net loss of $7.4 million

Negative Impact 4 of 5 earnings Written later

Enphase reported first-quarter 2026 revenue of $282.9 million, down from $343.3 million in the fourth quarter of 2025 and $356.1 million a year earlier, and a GAAP net loss of $7.4 million, compared with net income of $38.7 million in the prior quarter. The result included a $16.5 million discount and about $2.5 million in fees on the sale of 2025 manufacturing tax credits, and the company gave a second-quarter revenue range of $280.0 million to $310.0 million.

Key points

  • Q1 2026 revenue of $282.9 million, versus $343.3 million in Q4 2025 and $356.1 million in Q1 2025
  • GAAP net loss of $7.4 million, or $0.06 per diluted share; non-GAAP diluted EPS of $0.47, versus $0.71 in Q4 2025
  • Second-quarter 2026 revenue outlook of $280.0 million to $310.0 million, including about $85.0 million of safe harbor shipments
  • Cash, cash equivalents and marketable securities of $930.6 million at March 31, 2026, after settling $632.5 million of convertible notes on March 2, 2026

The filing

CompanyEnphase Energy (ENPH)
Form8-K, current report
Filed with the SECApr 28, 2026, 4:06 PM ET
Accession number0001463101-26-000046

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 April 28, 2026.

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.