Enphase Energy Non-GAAP EPS of $1.37 beats by $0.15, revenue of $726.02M beats by $5.51M
Enphase Energy press release (NASDAQ:ENPH): Q1 Non-GAAP EPS of $1.37  beats by $0.15.
Revenue of $726.02M (+64.5% Y/Y)  beats by $5.51M.
GAAP gross margin of 45.0%; non-GAAP gross margin of 45.7%
GAAP operating income of $167.7 million; non-GAAP operating income of $233.6 million.
Free cash flow of $223.8 million; ending cash, cash equivalents, and marketable securities of $1.78 billion.

Q2 Outlook: Revenue to be within a range of $700.0 million to $750.0 million, which includes shipments of 80 to 100 megawatt hours of Enphase IQ Batteries
GAAP gross margin to be within a range of 41.0% to 44.0%
Non-GAAP gross margin to be within a range of 42.0% to 45.0%, excluding stock-based compensation expense and acquisition related amortization
GAAP operating expenses to be within a range of $155.0 million to $159.0 million
Non-GAAP operating expenses to be within a range of $98.0 million to $102.0 million, excluding $57.0 million estimated for stock-based compensation expense, acquisition related expenses and amortization, and restructuring charges for site consolidation
GAAP and non-GAAP annualized effective tax rate is expected to be within a range of 21.0% to 23.0%.
Shares -14.43%.