Enphase Stock Slips After Disappointing Outlook

Enphase's Q2 2025 EPS came in at $0.69, surpassing the consensus estimate of $0.62.

Revenue increased by 19.7% year-over-year to $363.2 million, also beating expectations of $359.4 million.

U.S. revenue increased by 3% compared to the previous quarter, driven by seasonal factors but offset by lower safe harbor revenue.

European revenue increased by approximately 11% quarter-over-quarter due to higher microinverter and battery sales.

The company shipped 1.53 million microinverters during the quarter, a year-over-year increase but flat compared to the previous quarter.

Enphase's Q3 2025 revenue guidance is between $330 million and $370 million, below analysts' estimates of $368.4 million.

United States:: Revenue growth was modest, primarily due to seasonal factors. The decline in safe harbor revenue indicates potential shifts in customer installation plans.

Europe:: Strong growth driven by increased demand for microinverters and batteries, particularly the IQ Battery 5P with FlexPhase technology.

Q: What were Enphase's Q2 2025 earnings?

Q: Why did Enphase's stock price decline after the earnings report?

Q: What is the analyst consensus rating for ENPH stock?

Enphase's Q2 earnings beat expectations, but its Q3 revenue guidance disappointed investors.

The company's performance in Europe remains strong, while growth in the U.S. is more moderate.

Investors should monitor Enphase's microinverter shipment trends and future earnings reports for signs of sustained growth.