Enphase Energy (ENPH) Tops Q3 EPS by 6c, Offers Q4 Guidance

Enphase Energy (NASDAQ: ENPH) reported Q3 EPS of $0.30, $0.06 better than the analyst estimate of $0.24. Revenue for the quarter came in at $178.5 million versus the consensus estimate of $168.58 million.

GUIDANCE:

Enphase Energy sees Q4 2020 revenue of $245-260 million, versus the consensus of $243.3 million.

• GAAP gross margin to be within a range of 37.0% to 40.0%, excluding the recovery of the remaining $16.0 million tariff refund that has not yet been approved; non-GAAP gross margin to be within a range of 38.0% to 41.0%, excluding tariff refund and stock-based compensation expenses
• GAAP operating expenses to be within a range of $51.0 million to $54.0 million, including $16.0 million estimated for stock-based compensation expenses and acquisition related amortization
• Non-GAAP operating expenses to be within a range of $35.0 million to $38.0 million, excluding $16.0 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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