Enphase Energy, Inc.

For the period ended Jun 30, 2026. Filed Jul 28, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Jul 28, 2026

ENPH$27.64-5.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Net revenues	$291,854	$363,153	$574,754	$719,237
Cost of revenues	116,840	192,660	299,347	380,503
Gross profit	175,014	170,493	275,407	338,734
Operating expenses:
Research and development	45,658	45,421	90,525	95,595
Sales and marketing	45,545	50,708	93,632	99,656
General and administrative	31,334	34,035	64,589	68,070
Restructuring and asset impairment charges	958	3,322	4,785	6,484
Total operating expenses	123,495	133,486	253,531	269,805
Income from operations	51,519	37,007	21,876	68,929
Other income, net
Interest income	12,154	14,911	24,779	31,943
Interest expense	(327)	(815)	(960)	(2,862)
Other income (expense), net	(1,447)	(8,898)	2,344	(8,912)
Total other income, net	10,380	5,198	26,163	20,169
Income before income taxes	61,899	42,205	48,039	89,098
Income tax provision	(25,820)	(5,153)	(19,366)	(22,316)
Net income	$36,079	$37,052	$28,673	$66,782
Net income per share:
Basic	$0.27	$0.28	$0.22	$0.51
Diluted	$0.27	$0.28	$0.22	$0.50
Shares used in per share calculation:
Basic	131,963	131,031	131,652	131,447
Diluted	135,122	135,219	132,788	135,719

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.