Enphase Energy Reports Q2 Earnings, Highlights Growth in Europe Amid U.S. Market Challenges
Enphase Energy (NASDAQ:ENPH) reported second-quarter revenue of $291.9 million for the quarter ending July 2026, a sequential increase of 3%. The growth was driven by strong performance in Europe, where revenue rose 35%, offsetting weaker demand in the U.S., which saw a 3% decline from the prior quarter. The company reported GAAP earnings per share (EPS) of $0.27 and non-GAAP EPS of $0.46 for Q2. Enphase shipped 1.59 million microinverters and 113.8 megawatt-hours of batteries during the period, while generating $25.9 million in free cash flow. The U.S. residential solar market remains under pressure due to high interest rates and the expiration of tax incentives like the 25D credit. Looking ahead, Enphase expects global sell-through to improve by approximately 10% sequentially in Q3 with revenue forecasted between $290 million and $320 million. The company is also expanding its product pipeline, including a new battery generation and solid-state transformer for AI data centers.
Tickers: $ENPH
Topics: batteries microinverters product pipeline revenue solar market