Enphase Q2 Profit Slips as U.S. Sales Fall; Q3 Guidance Below Consensus
ENPH sits 45% above its 52-week low of $25.775.
Summary
Enphase Energy reported Q2 net income of $36.1M, down from $37.1M a year ago, as U.S. sales declined about 3%. Adjusted EPS of $0.46 matched estimates, while revenue of $292M slightly beat the $290M consensus, boosted by $84.3M in safe-harbor shipments and a 35% surge in European revenue. The company also received $52M in tariff refunds. Q3 revenue guidance of $290M–$320M fell short of the $304M analyst expectation, with about $75M of safe-harbor shipments included. This follows the earlier guidance-focused news and the 8-K filing today, adding the full earnings picture. The U.S. softness and below-consensus outlook signal ongoing headwinds in the core residential solar market.
At the time of this announcement, ENPH was trading at $37.43 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $4.8B. The 52-week trading range was $25.78 to $73.74. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.