Enphase Energy (NASDAQ:ENPH) Posts Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Key Points

• Enphase Energy missed quarterly estimates: Adjusted EPS was $0.41 versus the $0.51 consensus, while revenue of $293.33 million fell short of the $304.59 million expectation.
• Shares declined to $29.76 during Tuesday trading, with the stock well below its 50-day and 200-day moving averages and near the lower end of its 52-week range.
• Analyst sentiment remains mixed: The consensus rating is Hold with a $42.98 average price target, while recent target cuts and divergent Buy, Hold and Sell views highlight uncertainty around Enphase’s outlook.

Enphase Energy (NASDAQ:ENPH - Get Free Report) announced its quarterly earnings data on Tuesday. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10), FiscalAI reports. The company had revenue of $293.33 million for the quarter, compared to the consensus estimate of $304.59 million. Enphase Energy had a net margin of 10.09% and a return on equity of 13.31%.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH traded down $0.60 during midday trading on Tuesday, reaching $29.76. 15,255,421 shares of the stock were exchanged, compared to its average volume of 6,354,208. The company has a quick ratio of 2.95, a current ratio of 3.45 and a debt-to-equity ratio of 0.48. The firm has a 50-day simple moving average of $34.58 and a two-hundred day simple moving average of $41.14. Enphase Energy has a twelve month low of $25.77 and a twelve month high of $73.74. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 29.76 and a beta of 1.64.

Insider Activity

In other news, Director Richard Mora sold 1,500 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $40.36, for a total value of $60,540.00. Following the completion of the sale, the director directly owned 10,422 shares in the company, valued at $420,631.92. The trade was a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ENPH shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of Enphase Energy in a research report on Friday, September 18th. Jefferies Financial Group lowered their price target on Enphase Energy from $54.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, September 21st. TD Cowen dropped their target price on Enphase Energy from $70.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, July 20th. Morgan Stanley decreased their target price on Enphase Energy from $27.00 to $24.00 and set an "underweight" rating for the company in a research report on Wednesday, October 14th. Finally, The Goldman Sachs Group dropped their target price on shares of Enphase Energy from $55.00 to $47.00 and set a "buy" rating on the stock in a research note on Monday, September 21st. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $42.98.

Key Headlines Impacting Enphase Energy

Here are the key news stories impacting Enphase Energy this week:

• Positive Sentiment: Enphase reported a successful demonstration of its IQ Solid-State Transformer, converting 13.8 kV AC to 800 V DC. The technology could support high-power applications such as AI data centers, though it remains under development. Enphase IQ Solid-State Transformer demonstration
• Positive Sentiment: Goldman Sachs reaffirmed its Buy rating and $47 price target, citing progress in gallium-nitride bidirectional switches and Enphase’s AI-focused solid-state transformer strategy. Goldman Sachs rating
• Positive Sentiment: Enphase and Infineon announced 900-volt GaN bidirectional switch devices for Enphase solid-state transformer modules, strengthening the company’s positioning in power systems for AI data centers. Enphase and Infineon GaN devices announcement
• Neutral Sentiment: Analyst expectations remain widely divided: Goldman’s $47 target contrasts with a GLJ Research Sell rating and a reduced $21.49 target, indicating substantial uncertainty about Enphase’s valuation and outlook.
• Negative Sentiment: Third-quarter adjusted earnings were $0.41 per share, below the $0.51 consensus estimate, while revenue of $293.33 million also missed expectations of $304.59 million. The earnings and revenue shortfalls are the clearest near-term catalysts weighing on ENPH. Enphase third-quarter 2026 results

Enphase Energy Company Profile

Enphase Energy, Inc develops and manufactures technology for residential and commercial solar energy systems. Its products include solar microinverters, which convert electricity generated by individual solar panels into usable power, along with integrated energy management technologies designed to improve system performance, monitoring and reliability.

The company also offers battery storage systems, electric vehicle chargers and software that enables customers, installers and utilities to monitor and manage distributed energy resources.

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