Enphase Energy, Inc.

For the period ended Sep 30, 2026. Filed Oct 27, 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.

Sep 30, 2026 · Filed Oct 27, 2026

ENPH$29.08+2.2%Stored close · as of Nov 9, 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 September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
Net revenues	$293,329	$410,427	$868,083	$1,129,664
Cost of revenues	166,211	214,188	465,558	594,691
Gross profit	127,118	196,239	402,525	534,973
Operating expenses:
Research and development	45,199	47,266	135,724	142,861
Sales and marketing	45,110	48,429	138,742	148,085
General and administrative	30,395	33,098	94,984	101,168
Restructuring and asset impairment	(52)	1,287	4,733	7,771
Total operating expenses	120,652	130,080	374,183	399,885
Income from operations	6,466	66,159	28,342	135,088
Other income (expense), net
Interest income	16,912	15,429	41,691	47,372
Interest expense	(327)	(830)	(1,287)	(3,692)
Other expense, net	(26,622)	(3,739)	(24,278)	(12,651)
Total other income (expense), net	(10,037)	10,860	16,126	31,029
Income (loss) before income taxes	(3,571)	77,019	44,468	166,117
Income tax benefit (provision)	26,958	(10,381)	7,592	(32,697)
Net income	$23,387	$66,638	$52,060	$133,420
Net income per share:
Basic	$0.18	$0.51	$0.39	$1.02
Diluted	$0.17	$0.50	$0.39	$1.01
Shares used in per share calculation:
Basic	132,222	130,797	131,844	131,228
Diluted	135,198	132,995	135,001	133,439

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.