Enphase Energy Q3 2025 Financial Results

Enphase Energy, Inc. reported its financial results for the third quarter of 2025, achieving $410.4 million in revenue, the highest in two years. The company shipped approximately 1.77 million microinverters and a record 195.0 megawatt hours (MWh) of IQ® Batteries. Non-GAAP gross margin was 49.2%, and non-GAAP net income reached $117.3 million. The company also highlighted its U.S. manufacturing achievements, including the shipment of 1.53 million microinverters and 67.5 MWh of IQ Batteries. Enphase Energy provided a financial outlook for the fourth quarter of 2025, expecting revenue between $310.0 million and $350.0 million.