Enphase Energy, Inc. (ENPH) Form 10-Q — Oct 27, 2026
Enphase Energy's Q3 2026 revenue fell to $293.3 million, down roughly 29% from $410.4 million a year earlier, with net income of $23.4 million versus $66.6 million in Q3 2025. Diluted EPS was $0.17 versus $0.50, reflecting prolonged solar demand softness in the US and Europe and demand uncertainty following the OBBBA's rollback of residential clean energy tax credits. The balance sheet remains solid: $380.4 million in cash plus $551.4 million in marketable securities, and the company retired its $632.5 million convertible notes due 2026 entirely in cash in March 2026 with no share issuance.
Key figures
- Eps
- 0.17
- Revenue
- 293329000
- Net Income
- 23387000
- Total Debt
- 573163000
- Revenue Yoy
- -28.5% (Q3 2026 vs Q3 2025)
- Total Assets
- 2877038000
- Cash Position
- $380.4M cash + $551.4M marketable securities
- Shares Outstanding
- 132314277
- Q3 2025 revenue
- 410427000
- Amptc benefit q3
- 58615000
- Nine month revenue
- 868083000
- Q3 2025 net income
- 66638000
- Nine month net income
- 52060000
- Notes 2026 settlement
- $632.5M cash settled March 2026
- Tariff refunds nine month
- $52.0M received from CBP
- Safe harbor agreements ytd
- $1,081.1M in TPO customer agreements
- Stock price at quarter end
- 32.99
- Repurchase authority remaining
- $268.7M
AI analysis
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