Enphase Energy Q3 Earnings Beat Estimates, Revenues Rise Y/Y

Enphase Energy, Inc. ENPH reported third-quarter 2025 adjusted earnings of 90 cents per share, which increased 38.5% from the prior-year quarter’s level. The bottom line also surpassed the Zacks Consensus Estimate of 62 cents by 45.2%.Including one-time adjustments, the company reported GAAP earnings of 50 cents per share, up from the year-ago quarter’s reported level of 33 cents.The year-over-year earnings improvement can be attributed to higher revenues and income from operations, as well as lower interest and other, net expenses from the year-ago quarter’s level.ENPH’s Q3 RevenuesRevenues of $410.4 million surpassed the Zacks Consensus Estimate of $362 million by 13.4%. The top line also increased 7.8% from the prior-year quarter’s reported figure of $380.8 million. 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 1.77 million microinverters and a record 195.0 megawatt hours (MWh) of IQ Batteries.The adjusted gross margin increased to 49.2%, marking an improvement of 110 basis points from the prior-year level.Adjusted operating expenses dropped 3.8% year over year to $78.5 million. The adjusted operating income totaled $123.4 million, up 21.7% from the year-ago quarter’s figure.Enphase Energy had $401.9 million in cash and cash equivalents as of Sept. 30, 2025, compared with $369.1 million as of Dec. 31, 2024.Cash flow from operating activities amounted to $13.9million as of Sept. 30, 2025, compared with $170.1 million a year ago.Q4 Guidance of Enphase EnergyFor the fourth quarter of 2025, ENPH expects revenues to be in the range of $310-$350 million. The Zacks Consensus Estimate for revenues is pegged at $368.5 million, which lies above the company’s guided range.Enphase Energy expects to ship IQ batteries to be in the range of 140-1600 MWh.Adjusted operating expenses are expected to be between $77 million and $81 million. This excludes approximately $53 million estimated for stock-based compensation expenses and acquisition-related costs, and amortisation, as well as restructuring and asset impairment charges.The adjusted gross margin is expected to be in the range of 42-45%, excluding stock-based compensation expenses and acquisition-related amortisation.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.A Recent Solar ReleaseNextracker Inc. NXT reported second-quarter fiscal 2026 results on Oct. 23, 2025. Its quarterly earnings of $1.19 per share beat the Zacks Consensus Estimate by 20.2% and came in higher than the year-ago quarter’s earnings of 97 cents. Its revenues worth $905 million also surpassed the consensus estimate by 9.4% and improved 42.3% from the prior-year quarter’s reported revenues.Upcoming Solar ReleasesFirst Solar, Inc. FSLR is scheduled to report third-quarter 2025 results on Oct. 30, 2025, after market close. The Zacks Consensus Estimate for FSLR’s third-quarter earnings is pegged at $4.31 per share, implying an improvement of 48.1% from the year-ago quarter’s reported earnings.The Zacks Consensus Estimate for FSLR’s third-quarter sales is pegged at $1.60 billion, suggesting year-over-year growth of 80.1%. SolarEdge Technologies SEDG is slated to report third-quarter 2025 results on Nov. 5, before market open. The Zacks Consensus Estimate for SEDG’s third-quarter earnings is pegged at a loss of 38 cents per share, which implies a significant improvement from the year-ago quarter’s reported loss of $15.33.The Zacks Consensus Estimate for SEDG’s third-quarter sales is pegged at $333.5 million, implying a year-over-year improvement of 27.8%.  #1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>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