Enphase Energy Q2 Earnings Beat Estimates, Revenues Rise Y/Y

Enphase Energy, Inc. ENPH reported second-quarter 2025 adjusted earnings of 69 cents per share, which increased 60.5% from 43 cents reported in the prior-year quarter. The bottom line also surpassed the Zacks Consensus Estimate of 62 cents by 11.3%.Including one-time adjustments, the company posted GAAP earnings of 28 cents per share compared with the GAAP earnings of 8 cents in the year-ago quarter.The year-over-year earnings improvement can be attributed to higher revenues and income from operations from the year-ago quarter.ENPH’s Q2 RevenuesEnphase Energy’s second-quarter revenues of $363.2 million surpassed the Zacks Consensus Estimate of $357 million by 1.9%. The top line also increased 19.7% from the prior-year quarter’s reported figure of $303.5 million.The year-over-year jump was driven by higher sales in the United States and Europe. While seasonality drove U.S. sales, higher microinverter and battery shipments boosted sales in Europe.Enphase Energy, Inc. Price, Consensus and EPS Surprise Enphase Energy, Inc. price-consensus-eps-surprise-chart | Enphase Energy, Inc. QuoteEnphase Energy’s Operational UpdateThe company’s shipments amounted to approximately 1.53 million microinverters and 190.9 megawatt-hours (MWh) of Enphase IQ Batteries.The company’s adjusted gross margin increased 150 basis points year over year to 48.6%.Adjusted operating expenses dropped 4.8% year over year to $77.8 million. The adjusted operating income totaled $98.6 million, up 61.4% from the year-ago quarter.Financial Details of ENPHEnphase Energy had $370.5 million in cash and cash equivalents as of June 30, 2025 compared with $369.1 million as of Dec. 31, 2024.Cash flow from operating activities amounted to $75 million as of June 30, 2025 compared with $176.3 million a year ago.Q3 Guidance of Enphase EnergyFor the third quarter of 2025, ENPH expects revenues in the range of $330-$370 million. The Zacks Consensus Estimate for third-quarter revenues is pegged at $366.2 million, which lies near the high-end of the company’s guided range.Enphase Energy expects to ship IQ batteries in the range of 190-210 MWh in the third quarter.Adjusted operating expenses are expected between $78 million and $82 million. This excludes approximately $52 million estimated for stock-based compensation expenses and acquisition-related costs and amortization, as well as restructuring and asset impairment charges.The adjusted gross margin is expected in the range of 43-46%, excluding stock-based compensation expenses and acquisition-related amortization.ENPH’s Zacks RankEnphase Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Upcoming Solar ReleasesNextracker Inc. NXT is slated to report first-quarter fiscal 2025 results on July 29, after market close. The Zacks Consensus Estimate for NXT’s first-quarter earnings is pegged at $1.04 per share, which implies a year-over-year improvement of 11.8%.The Zacks Consensus Estimate for NXT’s first-quarter sales is pegged at $853.4 million, which implies a rise of 18.5% from the prior-year quarter’s figure.First Solar, Inc. FSLR is scheduled to report second-quarter 2025 results on July 31, after market close. The Zacks Consensus Estimate for FSLR’s second-quarter earnings is pegged at $2.68 per share, which suggests a year-over-year decline of 17.5%.The Zacks Consensus Estimate for FSLR’s second-quarter sales is pegged at $1.02 billion, which implies an improvement of 1.1% from the prior-year quarter’s figure.SolarEdge Technologies SEDG is slated to report second-quarter 2025 results on Aug. 7, before market open. The Zacks Consensus Estimate for SEDG’s second-quarter earnings is pegged at a loss of 82 cents per share, calling for an improvement from the prior-year quarter’s reported loss of $1.79.The Zacks Consensus Estimate for SEDG’s second-quarter sales is pegged at $273.7 million, which indicates an improvement of 3.1% from the prior-year quarter’s figure.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Solar, Inc. (FSLR): Free Stock Analysis Report Enphase Energy, Inc. (ENPH): Free Stock Analysis Report SolarEdge Technologies, Inc. (SEDG): Free Stock Analysis Report Nextracker Inc. (NXT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks