Enphase Energy (ENPH) Tops Q3 EPS by 16c, Offers Guidance

Enphase Energy (NASDAQ: ENPH) reported Q3 EPS of $1.25, $0.16 better than the analyst estimate of $1.09. Revenue for the quarter came in at $634.7 million versus the consensus estimate of $614.49 million.

GUIDANCE:

Enphase Energy sees Q4 2022 revenue of $680-720 million, versus the consensus of $660 million.

• Revenue to be within a range of $680 million to $720 million, which includes shipments of 120 to 135 megawatt hours of Enphase IQ Batteries
• GAAP gross margin to be within a range of 39.0% to 42.0%; non-GAAP gross margin to be within a range of 40.0% to 43.0%, excluding stock-based compensation expenses and acquisition related amortization
• GAAP operating expenses to be within a range of $152.0 million to $156.0 million
• Non-GAAP operating expenses to be within a range of $87.0 million to $91.0 million, excluding $65.0 million estimated for stock-based compensation expenses, restructuring charges for site consolidation, and acquisition related costs and amortization

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

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