Enphase Energy (ENPH) Tops Q2 EPS by 3c

Enphase Energy (NASDAQ: ENPH) reported Q2 EPS of $0.17, $0.03 better than the analyst estimate of $0.14. Revenue for the quarter came in at $125.5 million versus the consensus estimate of $123.04 million.

GUIDANCE:

Enphase Energy sees Q3 2020 revenue of $160-170 million, versus the consensus of $154.95 million.

• GAAP gross margin to be within a range of 36% to 39%; non-GAAP gross margin to be within a range of 37% to 40%, excluding stock-based compensation expenses
• GAAP operating expenses to be within a range of $41.0 million to $43.0 million, including $13.0 million estimated for stock-based compensation expenses and acquisition related amortization
• Non-GAAP operating expenses to be within a range of $28.0 million to $30.0 million, excluding $13.0 million estimated for stock-based compensation expenses and acquisition related amortization

For earnings history and earnings-related data on Enphase Energy (ENPH) click here.

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