Enphase Energy Reports Q3 2026 Results Amidst High Interest Rates and European Demand Weakness
Enphase Energy (ENPH) reported third-quarter revenue of $293.3 million, a slight 1% sequential increase, though gross margins compressed to a non-GAAP 45.0% due to product mix shifts and tariff impacts. While U.S. sell-through grew 5% sequentially, it remains down 35% year-over-year as high interest rates continue to suppress residential solar demand. The company faces headwinds in Europe, particularly in France, where microinverter activations fell by 24%. Looking ahead, Enphase issued Q4 revenue guidance between $225 million and $255 million. Management is focusing on inventory management, planning to ship below sell-through levels in Q4 to prepare for a seasonally slow first quarter of 2027.
Tickers: $ENPH
Topics: Battery Shipments Gross Margin Guidance Market Performance Microinverter Shipments Revenue
Read the full article at Motley Fool
Part of the story DeFi Technologies Schedules Shareholder Call for Q3 2026 Financial Results (51 articles)